20 Mar, 2018
What the demise of Theranos tells us about PR vs. hype
Last week, the SEC announced that Elizabeth Holmes, former CEO of Theranos, along with ex-Theranos President Ramesh Balwani, have been charged with defrauding investors. To settle the charges, Holmes has agreed to pay a $500,000 penalty. She will also give up majority voting control of the company and will be barred from serving as an officer at any public company for a decade. This latest turn in the story of Theranos and the story of its founder and CEO represents a staggering fall from grace.