Magic Leap could certainly fail, but I don't understand how they could be another Theranos. Theranos had contracts-signed, money-spent deadlines for things the

Magic Leap could certainly fail, but I don't understand how they could be another Theranos. Theranos had contracts-signed, money-spent deadlines for things they couldn't provide (the Walgreens deal), and was selling further investors by lying about having their product already in use by the government. At least publicly, Magic Leap has promised virtually nothing. They said in December they'd ship something this year, but there's nothing binding in that. Even in the worst case - the tech is literally useless and they spent all the money - it'd be a bad investment rather than fraud and breach of contract.