What a SHOCKER.. LOL! Like We The People didn't already know that Elizabeth Holmes was going to be found guilty. She committed cardinal sin of stealing from the rich. If she did the VERY SAME to We The People she would be CELEBRATED in the mainstream media. Just like Bernie Madoff committing cardinal sin of stealing from the rich. Two tear justice system is working great in this Terrorist Racist Nation...
Guilty on same investor fraud charges. I don’t think any of the patient charges will go like Elizabeth’s. Unfortunate bc isn’t the real impact on everyday people rather than people with pockets deep enough to do elaborate tests?!! 🙄🙄🙄 No one’s looking out for the little guys I see… keeping the rich richer
It says a lot that she was found innocent on all of the patient-abuse charges but is getting hit for defrauding a bunch of rich people whose quality of life was 100% not affected.
Sad thing is she seemed to almost admire her! Way too many people are "taken" with how "self-possessed" she is. A great problem in the US--we valorize confidence over content/substance.
The fact that there is a possibility that she won't get jail time shows how crooked our "justice" system is. And the fact that this person was giving her praises is beyond me
It's surprising how easy it is to get money out of very wealthy people. I am not talking wealthy people, i am talking very wealthy people. It's surprising easy.
It says a lot that she wasn't charged with practicing medicine without a license. The whole premise of this was, "You can do all this yourself, you no need no lousy money-grubbing doctors." The AMA must be well-bribed to not be throwing a fit about this. It's sad to see how compromised the medical profession is these days.
It shouldn't be a wake up call for start-ups, if they run a legitimate product. These investors have no one to blame or punish, but themselves, for their own negligence.
@ 0:36: Holmes wasn’t found innocent of anything. She was found not guilty. It’s a subtle but huge difference. edit: "deputy editor Liz Lopatto" should absolutely know the difference.
@@someghosts Telling of the way our justice system is designed that the only people who could get some justice are the wealthy investors she defrauded.
@@TallSilhouette I agree that the justice system has some terrible flaws that bias against regular people. but the Jury was presented with cases from the public against Holmes the verdict was either not guilty or undecided, so hard to place the blame on the system in this specific case imo.
@@mcs699 I don't really understand the distinction you're making. To be guilty of a crime is to have violated the law in question. I agree that there are points of failure which decide whether a person is ever tried or convicted of a crime. The police investigation, the prosecutor's decisions etc but is that the system or the people within that system?
It should be a much bigger wake-up call for investors and financiers. Focusing on the founder here removes the true culpability and source of game - the amateur magical thinking of the worlds wealthiest.
Supported and promoted by her own clan in wall street, media and power corridors as always they do to one of their own. This time a whistleblower ex employee with conscience and an honest journalist didn’t let them go away playing fraud with health issues of millions of patients. Hats off to those two individuals.
The last episode of Bad Blood the Final Chapter - podcast by John Carreyrou features an interview with Tyler Schultz. He talked about what she put him through and how she ingratiated herself into his family via his elderly grandfather.
@@animaladvocate8938 It's the US. Just "plea bargain" - it magically turns a 120 year prison sentence into about 6 hours of probation and no Xbox tonight. Seems to be how it works in the US if you're rich and white enough.
Just think. The while rest of us were trying to create real startups. Turns out to get a A-lister to play you in a Hollywood movie, you just need to commit massive fraud or be a serial killer.
Maybe you can’t know for sure which of these startups is a fraudulent money pit, but if the CEO fires the CFO and doesn’t hire one for several years like at Theranos, there’s a pretty good chance there’s something rotten in Denmark.
It’s a wake-up call for investors to simply ask for a demonstration of the product or service … and see the results rather than relying on a CEO from simply presenting Powerpoint’s to raise money.
You are so right J A, but as shown in that Hulu series "The Dropout", Walgreens was overcome by a couple of outside thoughts that overcame their common sense idea that they needed to see the demonstration of the product itself. The chance that one or two competitors of Walgreens would be signing with Theranos was planted by Holmes, and the top folks at Walgreens decided that it was worth the chance to go ahead and sign WITHOUT seeing the machine work. Three years later, Walgreens had built a "wellness center" in a whole bunch of stores, and there was STILL no machine ready from Theranos.
@@namechecksout6300 the whole thing was a setup to remove her ownership of the company and transfer it to the high level ex-government people who were on the board of directors. And it worked. The company has changdd ownership and the moronic public believes they got the bad guy.
How does the jury system work? Are they experts from the jndustry in which the case is or just random people? If random people (from what jve seen in movies etc) how are they qualified to deliberate on these kind of matters? How she is pronounced not guilty on patient misinformation is just beyond me.
Maybe Elon Musk should stop 🛑 calling his driving technology “full self driving” since it doesn’t do what they’re calling it. It’s not that different from what Elizabeth Holmes did in my opinion. What makes the difference is that Tesla has a legitimate product which is the car. They’re still riding the hype train on self driving though.
This video was a subjective view of a lady's demeanor during her trial and not really what the title of the video is a about. I hope people like this are brought to justice ⚖️.. Nikola motors.
🔴 Considering everything she did, she deserves a much, much more longer sentence ❗Considering that people from all over the world get the same or even longer sentences for much, much less than what she did ❗
The media showered Elizabeth Holmes with countless reports and articles of praise and hail for years (because of you know what) no shock that it turned into a fiasco and investors were mislead. And even after the conviction they are still making praise and hail reports about a convicted criminal like this video here.
The Verge helps promote these startups and only does the investigative journalism after the story breaks. This is only going to get worse as journalism has been replaced by PR media sources like The Verge.
All that money they were provided by investors is never a sign of success. Theranos had no product and was bringing no value to society. Yet Elizabeth Holmes thought she had made it and lots of main stream media reported that she was a huge success.
Holmes should put back all investor money to government so they can funding real health tech research. No need to jail her. Blacklist her and take all her investor money.
It's time to be a wake-up call for startups. The whole startup culture has gotten super toxic on every level. This needs to stop before more people are hurt. But you see she's been charged regarding investors but not patients. So basically, profit over human lives wins always and everywhere. It's disgusting!
Meanwhile, last year at Standford, they developed a new approach that can measure thousands of molecules with about one drop of blood and test for multiple factors. So it's not the IDEA that was wrong, it the fact that Holmes was rushed by VCs and investors to put out a product.
The only reason I watched this video, which is very informative, was to learn about the results of the trial. But a person from the outside wouldn't have a clue about this video because it doesn't explain what Theranos actually did, what their business was based on....didn't even mention a blood test????
Worked in startups before. I am a bit sick of the culture. People talk about scalability and things. But rarely people talked about the products itself. Almost every discussion is about marketing and sales. Then they questioned why their products failed after millions were poured.
Since the 'go-go' 80's, start-ups and IPO's have adhered to the formula of having a great purpose(today, often with a partial charitable purpose), some figure head to lead the way, some facility, and a patent. From this, we've gotten great companies like Genentech, and others like the untold number of companies that folded, many of them never to even reach market.
Can't tell if the "you're a good mom" comment was sarcasm or not. The kid is going to grow up learning the mom ostensibly had him as a tactical move to save her own hide. He didn't do anything to deserve that and being born into riches as he is is not going to do much to alleviate the burden of that knowledge.
I mean, she just wasn't good enough at PR and memes. There's a certain rich somebody that constantly and endlessly fails to deliver on his promises but hey, his investors don't care about any final product all they care about is the hype and so they don't stop investing.
There has to be a massive number of unemployed directors, managers, members of board, lawyers an analysts for not doing their jobs...This level of fraud needs the lowest level intelligence to grow, which they seem to have...
A wakeup call for people who want to defraud the public. Startups often fail because they are unable to scale an idea and commercialize it. A big difference from a company without a product and no science behind the idea. Only with the purpose to defraud.
Plot twist, the rich investors were in to profit on the scheme the entire time until she started to get found out and that's when the investors turned on her so as to not be charged with her.
Fraud is by no means limited to the startups in Silicon Valley. Very well established and sizable corporations are some of the worst offenders, selling software for millions of dollars that simply does not match the marketing spin.
Both EH and SB should be locked up for 10-15 years. I do not see how she was not guilty of defrauding the patients. They were the ones most impacted since their lives were potentially at risk from these lies.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
How do you think this will impact the trial of Theranos' former President, Ramesh Balwani?
Very much
Tal vez 😦😦
What a SHOCKER.. LOL! Like We The People didn't already know that Elizabeth Holmes was going to be found guilty. She committed cardinal sin of stealing from the rich.
If she did the VERY SAME to We The People she would be CELEBRATED in the mainstream media.
Just like Bernie Madoff committing cardinal sin of stealing from the rich.
Two tear justice system is working great in this Terrorist Racist Nation...
DoppelGangers Guitly
Guilty on same investor fraud charges. I don’t think any of the patient charges will go like Elizabeth’s. Unfortunate bc isn’t the real impact on everyday people rather than people with pockets deep enough to do elaborate tests?!! 🙄🙄🙄 No one’s looking out for the little guys I see… keeping the rich richer
It says a lot that she was found innocent on all of the patient-abuse charges but is getting hit for defrauding a bunch of rich people whose quality of life was 100% not affected.
wake up the world is unjust and has been unjust for a long time. stop having children and fueling this stupidity
Everyone has their price including jury's. Money doesn't just talk anymore it shouts and demands til it gets what it wants.
exactly. gets me so furious. her crime was so much more serious than just taking money from rich people.
She did a good job of describing the traits of a sociopath though she probably didn't mean to.
Sad thing is she seemed to almost admire her! Way too many people are "taken" with how "self-possessed" she is. A great problem in the US--we valorize confidence over content/substance.
Title should have been "wake up call for investors rather than startups"
The fact that there is a possibility that she won't get jail time shows how crooked our "justice" system is. And the fact that this person was giving her praises is beyond me
Spot on. The fact that this lady is giving her praise is sickening.
Lol wht a vid sounded like a fan to me
@@DarkstalkerZero fr
wyte privilege 👍
The investors should be prosecuted as well
This is really embarrassing for whoever invested. They enabled her to sell snake oil to regular people.
it was a tax write off
It's surprising how easy it is to get money out of very wealthy people. I am not talking wealthy people, i am talking very wealthy people. It's surprising easy.
@@thejohnson9204 teach me
Also, they were ripped-off big time!
@@jansonshine9082 *bigly
My issue with the case is all the charges were defrauding investors and none on the faulty blood test she gave to actual patients
I feel sorry for the patients. They should sue. Imagine being told you're sick or perfectly healthy when in reality it's the exact opposite?
It says a lot that she wasn't charged with practicing medicine without a license. The whole premise of this was, "You can do all this yourself, you no need no lousy money-grubbing doctors." The AMA must be well-bribed to not be throwing a fit about this. It's sad to see how compromised the medical profession is these days.
Sunny may get nailed for that.
It shouldn't be a wake up call for start-ups, if they run a legitimate product. These investors have no one to blame or punish, but themselves, for their own negligence.
They were lied to over and over. The liar has zero accountability according to you?
You cannot run a start up on things like medicine.
@@rideordis810 in this case probably. Old men be simpin' for her with their money
@ 0:36: Holmes wasn’t found innocent of anything. She was found not guilty. It’s a subtle but huge difference.
edit: "deputy editor Liz Lopatto" should absolutely know the difference.
It’s the Verge, so can’t take it too seriously
It's innocent unless found guilty
1:59 to 2:09 "she is not going to serve time in jail........no she is going to jail." am like WTF.
@@SirContact Correct, innocent until proven guilty. The jury still didn't find her innocent though.
This is Verge don't take them seriously.
How telling that the only fraud she's in trouble for is that against investors.
Telling of the jury?
@@someghosts Telling of the way our justice system is designed that the only people who could get some justice are the wealthy investors she defrauded.
@@TallSilhouette I agree that the justice system has some terrible flaws that bias against regular people. but the Jury was presented with cases from the public against Holmes the verdict was either not guilty or undecided, so hard to place the blame on the system in this specific case imo.
Well yeah, she defrauded investors which is a crime. Was anyone seriously injured or killed because of her actions?
@@mcs699 I don't really understand the distinction you're making. To be guilty of a crime is to have violated the law in question.
I agree that there are points of failure which decide whether a person is ever tried or convicted of a crime. The police investigation, the prosecutor's decisions etc but is that the system or the people within that system?
It should be a much bigger wake-up call for investors and financiers. Focusing on the founder here removes the true culpability and source of game - the amateur magical thinking of the worlds wealthiest.
Given that white collar criminals almost never see jail time, it would be fresh to see her get some time in the slammer...
if they have melanin they do get jail time.
@@PHlophe yomama
AFTER ALL, Women deserve fair equal treatment as Men don’t they…?
@@powerhouse884 lol
Martin Skreli and Jordan Belfort have entered the chat.
Supported and promoted by her own clan in wall street, media and power corridors as always they do to one of their own. This time a whistleblower ex employee with conscience and an honest journalist didn’t let them go away playing fraud with health issues of millions of patients. Hats off to those two individuals.
Pitajee Noorul. hats off ? she is not in jail . she is not going anywhere that's the problem
Doesn't surprise me that the pocketbooks are being better treated in this situation rather than the people.
was anyone seriously injured or killed as a result of her actions?
@@JohnDoe-gy5dr No
She seemed more like a fangirl of her than an editor
Ya..
it's the verge. what do u expect
She’s a feminist role model. Why wouldn’t people fangirl over her?
The talk about posture got me
Do you think that? I think she was just being impartial, just trying to explain the legal concepts and implications without taking sides.
Strange the only guilty verdicts are for defrauding investors, not human beings. Probably coincidence.
It’s disgusting! One of the whistle blowers was diagnosed as having diabetes he never had.
The last episode of Bad Blood the Final Chapter - podcast by John Carreyrou features an interview with Tyler Schultz. He talked about what she put him through and how she ingratiated herself into his family via his elderly grandfather.
That is mentioned in he book Bad Blood.
2:03 “it’s possible that she would be seeing jail time. She’s probably looking at jail” ?????
Weird editing probably, I think the first part is her repeating the interviewer's question/statement
she would be looking at jail from the outside
that's a guarantee and the sentence will include the trial tax, you force them to take you to trial you serve more.
She also said 20 years for each count consecutively..
Thats wrong too.
Hmmmm
@@animaladvocate8938 It's the US. Just "plea bargain" - it magically turns a 120 year prison sentence into about 6 hours of probation and no Xbox tonight.
Seems to be how it works in the US if you're rich and white enough.
Just think. The while rest of us were trying to create real startups. Turns out to get a A-lister to play you in a Hollywood movie, you just need to commit massive fraud or be a serial killer.
This was a big scam and a lie. Not a start-up
It’s disgusting Elizabeth is an out and out narcissist. She was guilty of all charges.
Maybe you can’t know for sure which of these startups is a fraudulent money pit, but if the CEO fires the CFO and doesn’t hire one for several years like at Theranos, there’s a pretty good chance there’s something rotten in Denmark.
Nice coverage Liz
my favorite ikea lamp -- and great explanation of the trial verge
Not really, most of her investors were not Silicon Valley investors who are good at going through books of a startup.
It’s a wake-up call for investors to simply ask for a demonstration of the product or service … and see the results rather than relying on a CEO from simply presenting Powerpoint’s to raise money.
You are so right J A, but as shown in that Hulu series "The Dropout", Walgreens was overcome by a couple of outside thoughts that overcame their common sense idea that they needed to see the demonstration of the product itself. The chance that one or two competitors of Walgreens would be signing with Theranos was planted by Holmes, and the top folks at Walgreens decided that it was worth the chance to go ahead and sign WITHOUT seeing the machine work. Three years later, Walgreens had built a "wellness center" in a whole bunch of stores, and there was STILL no machine ready from Theranos.
The level of journalism on this video is "entertainment tonight" or "E! News" level....
She should get at least 15 years for setting back the industry so much and risking lives.
make that 150 years
Amazing analysis, thank you!
im still waiting for tge Jennifer Lawrence movie. i wonder if they will get adam McKay to direct
Not a wake up call for startups, more like just another news for the fraudsters.
Verge once again out of touch with reality
Why do you say so? I'm genuinely interested why.
@@namechecksout6300 the whole thing was a setup to remove her ownership of the company and transfer it to the high level ex-government people who were on the board of directors. And it worked. The company has changdd ownership and the moronic public believes they got the bad guy.
@@benjamindover4337 How many levels of woke is this?
How does the jury system work? Are they experts from the jndustry in which the case is or just random people? If random people (from what jve seen in movies etc) how are they qualified to deliberate on these kind of matters?
How she is pronounced not guilty on patient misinformation is just beyond me.
Random people, there was even a wolan who didn’t know english very well and was concerned not understanding everything was being said.
It's all about ego. The higher one climbs, the further they have to fall.
Maybe Elon Musk should stop 🛑 calling his driving technology “full self driving” since it doesn’t do what they’re calling it. It’s not that different from what Elizabeth Holmes did in my opinion. What makes the difference is that Tesla has a legitimate product which is the car. They’re still riding the hype train on self driving though.
How can random people off the street with no knowledge on law decide if someone is guilty or not? US law is such a joke
Popularity contest model.
This video is proof that you can make a review out of ANYTHING. Yes, even a court trial.
Lol you have no idea how many papers are written on court cases do you ? What do you think Legal articles consist of?
WTF, do you understand the concept of “review”? This is more like an interview or maybe an editorial column if you wish.
We need to give her credit for her incredible courage and skills to fool everyone.
*_Loki would be proud._*
So in other words she was guilty of defrauding rich people but when it came to the poor people, she was then found innocent.
Thank you.
This video was a subjective view of a lady's demeanor during her trial and not really what the title of the video is a about. I hope people like this are brought to justice ⚖️.. Nikola motors.
Why isn't she thrown in jail already?
This was a before reporting job.
She clearly lies about the technology that they were using.
I think transparency is going to become more relevant in these start ups
Is this a new form of journalism where you present the journalist as the expert?
It's only a wake-up call if they affect a bunch of really rich people. ie: Martin Shkreli
Certainly a wake-up call for those who don't use their actual voices.
🔴 Considering everything she did, she deserves a much, much more longer sentence ❗Considering that people from all over the world get the same or even longer sentences for much, much less than what she did ❗
The media showered Elizabeth Holmes with countless reports and articles of praise and hail for years (because of you know what) no shock that it turned into a fiasco and investors were mislead. And even after the conviction they are still making praise and hail reports about a convicted criminal like this video here.
The Verge helps promote these startups and only does the investigative journalism after the story breaks. This is only going to get worse as journalism has been replaced by PR media sources like The Verge.
Exactly
Next is hyper loop
All that money they were provided by investors is never a sign of success. Theranos had no product and was bringing no value to society. Yet Elizabeth Holmes thought she had made it and lots of main stream media reported that she was a huge success.
Holmes should put back all investor money to government so they can funding real health tech research. No need to jail her. Blacklist her and take all her investor money.
She'll be sharing a cell with Trevor Milton
Sociopaths gonna sociopath
It's time to be a wake-up call for startups. The whole startup culture has gotten super toxic on every level. This needs to stop before more people are hurt. But you see she's been charged regarding investors but not patients. So basically, profit over human lives wins always and everywhere. It's disgusting!
واقعا خیلی جالب بود
Meanwhile, last year at Standford, they developed a new approach that can measure thousands of molecules with about one drop of blood and test for multiple factors. So it's not the IDEA that was wrong, it the fact that Holmes was rushed by VCs and investors to put out a product.
What a thumbnail! Was it designed in 1983?
The only reason I watched this video, which is very informative, was to learn about the results of the trial. But a person from the outside wouldn't have a clue about this video because it doesn't explain what Theranos actually did, what their business was based on....didn't even mention a blood test????
....."Episode 3"
this video could have done with an intro on the case for people like me who are hearing about this for the first time
4 out of 11 isn't too bad.
Why are we almost fangirling for this literal criminal?
No loyalty among thieves🙄
Rip Ian Gibbson.
Trevor Milton: Hold my beer.
Worked in startups before. I am a bit sick of the culture. People talk about scalability and things. But rarely people talked about the products itself. Almost every discussion is about marketing and sales. Then they questioned why their products failed after millions were poured.
More of a wake up call for crooked opportunistic investors!!
Maybe it will sound weird... But I found green fringing of the wider lens very distracting. :/
So when are the board of directors day in court ? Surely they either knew or are guilty of sleeping on the job
Since the 'go-go' 80's, start-ups and IPO's have adhered to the formula of having a great purpose(today, often with a partial charitable purpose), some figure head to lead the way, some facility, and a patent. From this, we've gotten great companies like Genentech, and others like the untold number of companies that folded, many of them never to even reach market.
The due diligence on Theranos should have been pretty simple. Nobody did it.
Can't tell if the "you're a good mom" comment was sarcasm or not. The kid is going to grow up learning the mom ostensibly had him as a tactical move to save her own hide. He didn't do anything to deserve that and being born into riches as he is is not going to do much to alleviate the burden of that knowledge.
Where did they hire the court room artist? The jersey Boardwalk?
I’m guessing 10 - 15 years.
I just hope she thinks her cell mates are crazy, then she fights them, then she changes world.
Waiting for Trevor’s trial
Better watch the video covering this over on the Coldfusion RUclips channel.
I watched it too. Awesome.
It's a wake up call to be even more ruthless in hiding their fraud
We may have another Conrad Black (the first rich person to go to jail in over 300 years)
typical verge level of reporting
I mean, she just wasn't good enough at PR and memes.
There's a certain rich somebody that constantly and endlessly fails to deliver on his promises but hey, his investors don't care about any final product all they care about is the hype and so they don't stop investing.
for sure she will get more than 10 years ...
GIVE HER THE CHAIR
Ah yes. Let’s have a report with a title and then have a mini doc with nothing to do with the title.
There has to be a massive number of unemployed directors, managers, members of board, lawyers an analysts for not doing their jobs...This level of fraud needs the lowest level intelligence to grow, which they seem to have...
Where’s Sherlock at?
Bottom line is, crooked billionaires don’t go to jail.
A wakeup call for people who want to defraud the public. Startups often fail because they are unable to scale an idea and commercialize it. A big difference from a company without a product and no science behind the idea. Only with the purpose to defraud.
I like the way this reporter is glorifying perpetrator of a crime and trying to put positive spin on criminal behavior.
At 2:00 did she just contradict herself?
who else read "Elizabeth Holmes and the fall of Thanos"🤣😂🤣
Right her lawyers wilt 🙄
Plot twist, the rich investors were in to profit on the scheme the entire time until she started to get found out and that's when the investors turned on her so as to not be charged with her.
Fraud is by no means limited to the startups in Silicon Valley. Very well established and sizable corporations are some of the worst offenders, selling software for millions of dollars that simply does not match the marketing spin.
The Verge is just that. Its like there's a very thin veil where Verge refuses to Wake Up. With a title like this, its not looking good.
It should be a wake-up call for all scam artists and narcissists. Start-up is what she pretended to be doing for a great idea- that was never real.
Exactly
She’s the biggest narcissist I’ve seen in a while! Wow. Astounding.
Of course the investor charges stick. EAT THE RICH!!!!
So, even the reporter "doesn't see" anything changing. What's the point?
TL;DR: nothing changes for startups and investors
Both EH and SB should be locked up for 10-15 years. I do not see how she was not guilty of defrauding the patients. They were the ones most impacted since their lives were potentially at risk from these lies.
They do 20 years concurrently not consecutively. Thats a huge error...
Yikes