This story is adapted from Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou. Shultz's decision to speak out about Theranos had an impact on his personal life as well. Sunny Balwani - Wikipedia For instance, she insisted that the miniLab cartridges remain a certain size but kept wanting to add more assays to them. That was fine as long as Theranos remained a research-and-development operation, which was still the case when Laghari had departed for India three weeks earlier. 2023 Vox Media, LLC. On September 7, 2013, The Wall Street Journal published an interview lauding Holmes as a young entrepreneur. Published by arrangement with Knopf, an imprint of The Knopf Doubleday Publishing Group, a division of Penguin Random House LLC. A new breed of self-care companies has a salve for fragile masculinity: lavender- and tapioca-scented deodorants and moisturizers for the nutsack. That was something she couldnt live with. Till then, we have Bad Blood as a cautionary tale. For his extensive coverage of Theranos, Carreyrou was awarded the George Polk Award for Financial Reporting, the Gerald Loeb Award for Distinguished Business and Financial Journalism in the category of beat reporting, and the Barlett & Steele Silver Award for Investigative Business Journalism. Theranos founder Elizabeth Holmes has again delayed the start of her 11-year prison sentence for fraud charges, after appealing a previous decision that would have required her to turn herself in . If their tinkering turned out to have adverse consequences, they werent the ones who would be held personally responsible. Everything You Need to Know About the Theranos Saga So Far That, in turn, led to another fateful decisionthe decision to cheat. An early investor sued, alleging it had been deceived with a series of lies, material misstatements, and omissions. Holmes showed its leaders a chart with false results and touted her impressive Board members. 1These sources requested that I refer to them using pseudonyms, either because they feared retribution from the company, worried that they might be swept up in the Justice Department's ongoing criminal investigation, or wanted to guard their privacy.
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