4 ms·

How much bad press is it gona take for this company to sink already?

• smaili 11y ago
  That's a great question but a bit difficult to answer. On one hand, it's possible that they're just too big to fail, considering the massive amount of capital they've raised and all of the vested interests put into the company. On the other hand, Enron comes to mind, which did end up failing and was fairly huge as well.
• devy 11y ago
  Just one really good piece of investigative journalism is enough. [1] And then it started went downhills from there. [1]: http://www.wsj.com/articles/theranos-has-struggled-with-blood-tests-1444881901 http://www.wsj.com/articles/theranos-has-struggled-with-bloo...
• x0x0 11y ago
  If they can demonstrate -- and it's past time to do so -- from independent external researchers that their tests are similarly accurate to current standards but cost less and are less invasive, there will be a big market for that.
• mathattack 11y ago
  I suspect that it's momentum burning off their cash on hand. Who knows what their burn rate is, but could anyone ever give them more venture funding or a customer contract?
  • jacquesm 11y ago
    > but could anyone ever give them more venture funding or a customer contract? Chances of that are slim to none, they are damaged goods at this point. A number of existing customers has already cut ties to avoid further association and any future would-be investors would be very wary of putting more money in without iron-clad proof the technology is solid.