3 ms·
Investors are warned that there are all sorts of ways that Theranos could be run as a zombie company, for the benefit of insiders, once no further investment ap
by aj7 9y ago
Investors are warned that there are all sorts of ways that Theranos could be run as a zombie company, for the benefit of insiders, once no further investment appears. New investment would add to that zombie concern, not fund a going concern. The company has had enormous funds at its disposal to invent a blood analyzer using very small blood samples, and has failed. This technical failure is primary; Holmes et al’s misdeeds and Rasputinizations form a superimposed soap opera for authorities to sort through. What’s next is the auction.
- whatshisface 9y agoThe superimposed soap opera probably contributed to the failure of the scientists to invent anything. Without the institutional craziness, all of that money and all of that brainpower would have ended up in something.
- radicaldreamer 9y agoAfter the first set of lies about hit-milestones/sales, it bacame impossible to not invent droplet blood tests.
- rossdavidh 9y ago"Rasputinizations" is an awesome word, something good came out of all this.
- handsomechad 9y agocan someone try to define what it means in this context. i'm reading about rasputin but not sure. Thank you.
- ionised 9y agoSeems to be it means Holmes and company were acting like snake-oil salesmen, much like Rasputin and his 'spiritual healing'.