3 ms·
Theranos 2.0
by cm2012 9y ago
Theranos 2.0
- ericd 9y agoInvestors actually tried the hardware before investing in this case, so it's a bit different.
- foobiekr 9y agoThey tried hardware. Whether they tried a product that the company had no hope of ever making practical and portable is the question.
- ericd 9y agoYep, they're betting that there is a hope of that. They're not investing in blue chips here. I think it's a bit much to jump to the conclusion that ML knows they're on a fools errand and are defrauding investors, just because they're secretive and they pump out hype.
- glup 9y agoExactly my reading. Hungry capital and irrational exuberance.
- edanm 9y agoWhy do you think so?
- aaron695 9y agoThere's no proof it'll work, in fact the proof is it won't work at it's current value. The idea itself is incredibly flawed from the known products, like Theranos it should be obvious what the issues are to a normal person. But what Theranos showed was even if the product is flawed in a very obvious way, investors will still invest. The investment itself can't be used as proof it'll work. Hence the comparison.