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The CEO, Rishi Shah, was a major rising star and was profiled by the Wall Street Journal in 2017. The journalist on the story thought something seemed fishy and

The CEO, Rishi Shah, was a major rising star and was profiled by the Wall Street Journal in 2017. The journalist on the story thought something seemed fishy and started pulling threads, leading to an expose published in October of that year. https://www.wsj.com/articles/outcome-a-hot-tech-startup-misled-advertisers-with-manipulated-information-sources-say-1507834627?reflink=desktopwebshare_permalink https://www.wsj.com/articles/outcome-a-hot-tech-startup-misl...

rchaud 4y ago
Such is the conundrum with the WSJ. The op-ed section is beyond parody at this point (see the recent article attempting to pin SVB's collapse on 'wokeness'). But at least the journalists remain committed to digging into stories. The Theranos fraud was also discovered by a WSJ journalist who wasn't wowed by their ex-Pentagon and Beltway board members and puff pieces written about Holmes.
- ackbar03 4y ago
  These guys should be awarded. That's fantastic
- 8ytecoder 4y ago
  Yup, I get so mad at WSJ after reading one of their really stupid opinion pieces and then their real journalists will publish something really good. Almost like an abusive relationship. The FT is good but doesn’t always dig out the dirt like WSJ does (in the US).
- boeingUH60 4y ago
  Ironically, WSJ is owned by Rupert Murdoch, who invested $100 million in Theranos. According to the famous book, Bad Blood, Elizabeth Holmes tried to get Murdoch to kill the story but he refused.
  - NickC25 4y ago
    Ironic indeed. Surprisingly ethical behavior from Murdoch - I wouldn't have expected such a person to take that kind of a hit on his $100 million investment.
    - stickfigure 4y ago
      He paid 50X that for the WSJ in 2007.
      - deleted 4y ago
        [deleted]
- dekhn 4y ago
  Maybe the real journalists from WSJ, NY Times, and the Economist could group up and make an actual news journal- with no editorials.
FireBeyond 4y ago
Forbes 30 Under 30 has a similar issue... I think over the last 10-15 years, people featured in that list have been convicted or accused of scamming more money than they've made, including Elizabeth Holmes, SBF and at least a couple more.
- phlipski 4y ago
  It would be fascinating to see the full numbers on this statement. Almost sounds like an ideal arbitrage opportunity - just short the 30 under 30 list and profit!
- eldavido 4y ago
  Meredith Perry from uBeam comes to mind https://www.vanityfair.com/news/2016/05/another-red-hot-tech-start-up-was-just-accused-of-being-a-scam https://www.vanityfair.com/news/2016/05/another-red-hot-tech... I met this woman through friends of friends. Just kinda felt weird, and off.
- nikcub 4y ago
  Charlie Javice of Frank was indicted last week https://www.theverge.com/2023/4/5/23671000/jpmorgan-frank-fraud-fintech-startup-ceo-javice-charged-student-financial-aid https://www.theverge.com/2023/4/5/23671000/jpmorgan-frank-fr...
ijustwanttovote 4y ago
archive: https://archive.is/Iq0J2 https://archive.is/Iq0J2

rchaud 4y ago

Such is the conundrum with the WSJ. The op-ed section is beyond parody at this point (see the recent article attempting to pin SVB's collapse on 'wokeness'). But at least the journalists remain committed to digging into stories. The Theranos fraud was also discovered by a WSJ journalist who wasn't wowed by their ex-Pentagon and Beltway board members and puff pieces written about Holmes.

ackbar03 4y ago
These guys should be awarded. That's fantastic
8ytecoder 4y ago
Yup, I get so mad at WSJ after reading one of their really stupid opinion pieces and then their real journalists will publish something really good. Almost like an abusive relationship. The FT is good but doesn’t always dig out the dirt like WSJ does (in the US).
boeingUH60 4y ago
Ironically, WSJ is owned by Rupert Murdoch, who invested $100 million in Theranos. According to the famous book, Bad Blood, Elizabeth Holmes tried to get Murdoch to kill the story but he refused.
- NickC25 4y ago
  Ironic indeed. Surprisingly ethical behavior from Murdoch - I wouldn't have expected such a person to take that kind of a hit on his $100 million investment.
  - stickfigure 4y ago
    He paid 50X that for the WSJ in 2007.
    - deleted 4y ago
      [deleted]
dekhn 4y ago
Maybe the real journalists from WSJ, NY Times, and the Economist could group up and make an actual news journal- with no editorials.

FireBeyond 4y ago

Forbes 30 Under 30 has a similar issue... I think over the last 10-15 years, people featured in that list have been convicted or accused of scamming more money than they've made, including Elizabeth Holmes, SBF and at least a couple more.

phlipski 4y ago
It would be fascinating to see the full numbers on this statement. Almost sounds like an ideal arbitrage opportunity - just short the 30 under 30 list and profit!
eldavido 4y ago
Meredith Perry from uBeam comes to mind https://www.vanityfair.com/news/2016/05/another-red-hot-tech-start-up-was-just-accused-of-being-a-scam https://www.vanityfair.com/news/2016/05/another-red-hot-tech... I met this woman through friends of friends. Just kinda felt weird, and off.
nikcub 4y ago
Charlie Javice of Frank was indicted last week https://www.theverge.com/2023/4/5/23671000/jpmorgan-frank-fraud-fintech-startup-ceo-javice-charged-student-financial-aid https://www.theverge.com/2023/4/5/23671000/jpmorgan-frank-fr...

ijustwanttovote 4y ago

archive: https://archive.is/Iq0J2 https://archive.is/Iq0J2