The Theranos Scandal - A Simple Overview
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- Опубликовано: 16 мар 2021
- Theranos was a $9 billion company based on lies. This video talks about how it happened while giving a simple overview of the situation.
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I like how this chick saw Steve Jobs, decided thats what she wanted to be and just bought a black turtleneck and faked a deep voice, like that was the secret to his success.
Apparently all you need to fool people is a Steve Jobs cosplay. 😂
Fake it until you... Billionare it 👏👏👏
But DAMN! It worked for a while.
Well, we all know that Steve Jobs did little thing on actual production. Just nothing batter than average used car dealer. Also absurdly bad asshole deep to the core. Fits to her.
She did pick up on his use of deceitful advertisement and spin-doctoring to make a product seem a lot better than it really is. For Jobs, though, it at least did what it was supposed to, even if it wasn't the best, only, or cheapest when most people thought it was.
Lol the "feel good" "rags to riches" story is a bit worse when you mention her dad was VP of Enron. Born from bad money and carried on the tradition.
I guess the apple didn't fall far from the tree.
Christian Holmes had nothing to do with the scandal given his position and employment timeline. That was a red herring statement on the part of the video creator. Which makes me question the validity to the rest of his claims.
Learn, Trump!
Well there's her teacher 😂
@@daveroche6522 wtf TDS is doing here
Whenever a CEO pulls the "I didn't know anything cord" they knew everything.
CEO: "You can trust me! I know everything!"
also CEO: "Oh I didn't know anything about it. I'm innocent."
there is no doubt she didn't know
I've seen new ones be the fall-guy but you're spot on for long time heads
As a vocalist, I can't imagine Elizabeth's vocal chords were very happy about that put-on voice, it was probably really constricting the throat as she spoke. Depending on how often she used it there might be permament damage.
I’m a guy & i have very high pitch voice. Also I have octave range 4 so I can hit really really high notes without much effort. It comes very naturally 🎤
No to mention it’s just plain annoying. She constantly sounds like she has a bad cold.
@@marioantoniocrespoMexican92 no one cares
@@marioantoniocrespoMexican92 Did you go to Disneyland by yourself?
It’s anther case of gender envy. Men have more fun 🤩 hence the envy.
"All that for a drop of blood..."
-Th(er)anos
Take my upvote and get out!
@@AnalyticalMenace wholesome keanu chungus destruction 100.
Edit: thanks for the gold kind stranger
This guy Avengers.
Edit: My first award and it's for a post about the MCU.
You win. Everyone, we can go home now. Leave the internet.
If this doesn’t have 10k upvotes when I come back next week...!
And after this scandal, she ended up married a younger millionaire heir and became pregnant delaying her court appearance for even longer. Even almost killing a lot of patients for her ambitious dream of being a billionaire, she still live a luxurious life. Life is really unfair
Just like women in the military...get notified you’re getting deployed so you skirt it by getting pregnant and receive a medical discharge with full benefits lol
and also it's mostly due to looks and well, scamming "talent".
life is unfair, but you should make the best of it. everything may suck but at least you can choose to die happy rather than sad.
I had a feeling she was going to pull that
Get knocked up so she can wave her belly in front of the judge in an attempt at leniency
Hopefully they’ll see right through her and throw the damn book at her
She has to live with the guilt. She has to live knowing the truth. Don't think that doesn't affect someone just cause they act like it doesn't.
@@coreyperdue1966 if she kept up all that for that long i dont think she is feeling guilty about anything lol. she had a pretty thought out scheme, which she wouldnt have executed if she had morals.
She imitated Steve Jobs in more ways than just look. She took his reality distortion field model too far. Jobs was never a brilliant engineer. He just hired a bunch of brilliant engineers, gave them ludicrous goals, and told them to make it happen. ("I want my whole music collection in my pocket. Make it happen!") Holmes saw how far Jobs got acting like that, saw others like Elon Musk also have success doing it, and decided she would attain her success the same way. Only problem was she didn't realize those other taskmasters set their goals only slightly outside the realm of possibility - something their engineers could eventually attain. She imagined something that was literally impossible, her engineers couldn't deliver, her investors were demanding results, she faked the results, and finally a whistleblower made the whole house of cards tumble down.
Really like this analysis. Had she hired actual smart people, this could've happened. Unfortunately, she hired people who weren't smart enough to make her expectation happen.
@@bobbymoss6160 The people she hired were smart. It's just the tech hadn't caught up to the point where these kinds of promises made by here were actually possible. Think of it like smartphones. literally just 10 odd years ago, the kind of things we can do with smartphones today, were thought to be fantasy. Even the original smartphones weren't even shadows of what we have today. It's why her engineers struggled so much.
31AUG21
You can be sure that mommy and daddy have been lobbying 25 hours a day ....every day ....in Washington, for the one purpose of influencing every politician and every legal candidate that could possibly have any involvement or potential opinion that might put some kind of positive light on this FRAUDSTER.
Just spending a few minutes watching the many videos of Elizabeth Holmes being interviewed, promoting the product, very clearly proves she was/is a FRAUD. She publicly stated, many times, that her system works and also denounced any "nay-sayers".
As she goes to court TODAY ....this should not take all that long to present ALL the evidence and come to a verdict ....and they better get it right. Having a new baby SHOULD NOT HAVE ANY BEARING ON THE OUTCOME.
And the judge SHOULD make sure Elizabeth Holmes does NOT EVER REAP ANY FORM OF BENEFIT FROM HER FRAUD. NO ROYALTIES FROM THE MANY BOOKS AND MOVIES.
I don't think what she imagined was impossible, but she wasn't patient enough like Jobs or Musk nor was she willing to go after the very best engineers.
@@michaelkelleypoetry It was not the engineers. the technology is just not their yet. She did not have enough of a understanding of what was possible to properly push the boundaries of what is possible to obtain. remember 19 year old dropout working on a crazy complicated technological and biochemical problem.
"The eyes Chico. They never lie."
Scarface?
The Company Man is such a nice dude, he's just like "well thats sort of odd" when this chick is full blown bonkers batshit crazy lmaoooo
No one who is insane gets that far, more like sociaopathic genius. (Straight A's only to screw everyone over for money)
Obviously the whole thing is inexcusable but there are aspects to Elizabeth Holmes and her story that I would really respect if isolated from the rest of it.
@@companyman114 this. this is the type of channel we need. usually a nice guy, and even when the worst happens, he just calls it ridiculous. wow. you need a million subs
@@spooderman6312 he sure does.
@@companyman114 that would be true of all con man / women. They all have "talent" that, if "isolated from the rest" .. etc, etc. Where does this fantasy come from?
"Ambitious" is not the word I would choose to describe Elizabeth Holmes, that implies someone has an actual work ethic.
But "rubbish" fits perfectly!
After all the lies, I'd have to see some pretty ironclad evidence before I believe she accomplished any of those things in her early life.
Honestly, I feel like if you were to track work ethic monetary success on a graph, work ethic levels off at the point you become a multi-millionaire but the money keeps going up. After a certain point, you have enough money that you can just make money passively and don't need to actually work for it anymore 4 can have other people work for it for you
"Ambition" is often used with that positive connotation but its meaning is closer to Holmes' actions -- wanting more than necessary, no matter what
@@TV-8-301 You're coming off pretty commie there ngl.
Most con artists are "ambitious." Being a jerk like Jobbs isn't something to strive for.
Wait u mean Steve Jobbs if u do what the hell do u think
"Would you be happy with that level of success knowing what you did to get there, the lack of morals and respect for just about everyone around you, putting them in financial or physical harm..."
Most of Silicon Valley: "I... I don't see what the problem is."
I was scrolling through the comments while listening and the second I saw ur comment he said this and it freaked me out
@@peytonbrown2000 same lmao
Good work. 5 minutes ago I never heard of something I now hate.
Hi
Does this guy have a patreon?
19hrs ago? Wtf! The video was uploaded a few seconds ago😭
Patreon early access
@@littlemacisunderrated412 Yes its in the description box.
She looks like an evil villain. Especially with the constant emotionless face.
She is
Zuckerberg lookin-ass.
Elizabeth: 😳
@@Why_It She literally looks like a female version of him lmao
yeah. especially in the minute 9:03, her face reminds an awful lot this:
imgur.com/fFI86Wq
Update: Today, Holmes was convicted on four counts of fraud and conspiracy. She was not found guilty of four other felony charges. On the three remaining charges, the jury was deadlocked. She could now face up to 20 years in prison for each count.
As of 11/18/22: Elizabeth Holmes was sentenced to 11 years and three months in prison. She must surrender herself to the U.S. Marshal's Service 4/27/23. As of 12/8/22: Sunny Balwani was sentenced to nearly 13 years in prison. He was convicted on all 12 charges he faced, including 10 counts of wire fraud and 2 counts of conspiracy to commit wire fraud in July 2022.
Great summary! I’ll just add that Erika Cheung was also a brave whistleblower who helped stop this madness. Agree “Bad Blood” is a fantastic read.
Holmes with her black turtleneck and her hair tied up looks like the villain of a spy movie
a 2000s nickelodean movie, where a bunch of kids and a talking dog stop her from closing a park
@@spooderman6312 "I would have gotten away with it too if it wasn't for those pesky kids!"
She is a villainess. Unfortunately this is not a movie..
Played by Brie Larson.
Like the all female reboot of the Steve Jobs documentary
I work in clinical labs, we all expected them to fail
Lol
What made you think a useless bread maker would be the downfall of a "revolutionary" company?
Channing Robertson should be blamed for giving Theranos credibility. His endorsement brought along all the investors who had deep pockets but no biomedical background. He also brought along Ian Gibbons who later committed suicide because of his experience working Theranos. Check his wiki. It’s horrible what he went through.
it seems so interesting, but the more you research its viability you can quickly see its not viable at all, she was blind man
@@PrinceSimba93 i mean, it may be possible someday
I actually applied for an internship with them while I was in college. Took one in Spokane, WA instead. Thank God I didn't go through with that one
I had never even heard of this and I'm kind of shocked that I hadn't. Really incredible story, so thanks for doing a video about it!
Elizabeth is really weird. She always makes her voice deeper for no reason and her eyes just make me uncomfortable.
The voice thing is theorized to be so that she can seem more professional and credible in the business world
To me at least it seems the likely reason for the voice is that these billionaire circles are unfortunately typically "boys clubs" and she wants to sound less feminine/more masculine. It makes it understandable in that sense, but especially with the absolute extreme she took its absolutely it no less weird.
She's got those crazy ex-girlfriend eyes.
I believe it’s because you have a talent for seeing evil and feel uncomfortable accordingly. You have something many, many, many don’t have.
Right? The voice was always so creepy.
10:00 "would you be happy with that level of success...." let me stop you right there. That isn't real success; that's a house of cards. The only thing she was successful at was being a con artist. And no, I wouldn't be able to live with myself being a con artist at any level of success.
First time I’ve seen proper use of a semicolon; I still don’t know how they work.
@@iqbalhussein5434 I've always just saw it as a way to put together two similar statements.
@@iqbalhussein5434 it’s substitute for a conjunction
Idk how you can call being a multi billionaire by 19 and only being sued for half a million not a success 🤷♀️
@@iqbalhussein5434 you’re both using them correctly.
She was just found guilty
8:59 A friend of mine who is studying psychology said that, like some men, Holmes spoked with a deeper voice in public to be taken seriously by people and be seen as competent. This makes perfect sense on paper, considering she was only 19 at the time.
I don’t think anyone with a brain needs to study psychology to get that conclusion 😂
She just announced she's pregnant and the trial was delayed....AGAIN. The whole case is insane.
"Mom? How did you know when you were ready to have a baby?"
"Well, when I knew you could be used as leverage for mommy's crimes
When that child does come(if she doesn’t end up aborting it to which is probably what will happen), I want to adopt it because whoever it is, they should not need to live their life knowing that they only exist because mommy wants to avoid dealing with the consequences of her actions. It’s one thing to live by accident cause your parents are immature and it’s another to live on because they can’t keep you, but no one should have to live because someone wanted to use you like a pawn.
By the time she goes to trial there will be a machine that can do what hers faked.
Were her pregnancy test done by Theranos?
@@shanleng1910 yes and despite being born looking healthy, it was also diagnosed with leprosy, bubonic plague, and smallpox.
Holmes' close up face always gives me the creeps.
She looks like the face you would expect a totalitarian futuristic dystopian government to use as an spoke person on all screens across the country.
^^^ THIS 👏🏽👏🏽👏🏽
Dude, you're right on the money!
Insanely specific but accurate
For some reason at 9:00 she reminds me of Pennywise
Big Sister as opposed to Big Brother.
I have been researching them for so long. It's such a coincidence that you did this video. But thank you.
She looks and sounds like an anime villain. Hell we could probably turn this into an anime at this point, she's got the evil dad and everything.
Elisabet-sama...
I can imagine Elisabeth monologging about her father and how he never loved her
"She was manipulative and a liar? But she modeled herself after Steve Jobs!"
You say that like those are mutually exclusive things. The only reason why she failed is because she never found her Wozniak.
I was thinking the same thing. Jobs was a lot of things, like a pretentious self-righteous douche bag who was ultimately responsible for his own death because he refused legitimate medical treatment for his early stage pancreatic cancer to listen to some shyster life guru and eat a metric fuckton of oranges until the cancer went away and he was healthy again. It didn't work, the cancer killed him, and he looked like a fucking idiot in his final years.
WAIT did she literally get pregnant to delay the court date? Every time I look into her more 'weird' stuff pops up. Sociopathic people are scary.
She did indeed
hey now these are your rulers.
If she is pregnant, she is not a robot. When I heard her voice, I thought she was a robot.
@@nunocspinto Android 18 actually had a kid so who knows
The petty crims down my way do the same thing.
She seems more eerie and unsettling than Zuckerberg himself.
I’ve been waiting for you to do a video on this company man! Thank you ❤️
Her eyes look like she came from the same planet as Mark Zuckerberg and Jeff Bezos
That's just how you look when you sell your soul to the Devil.
You are being anti-Semitic
@@alecedemama7480 how tf
@@alecedemama7480 stop killing Palestinians
Little St. James?
This woman was literally obsessed with Steve Jobs. When she discovered that he set board meetings on wednesdays, she set board meeting on the same day. She even wore the same turtle necks as him.
What a freak....
@LOAN NGUYEN What's the difference between this woman and your garden variety con artist other than several million dollars?
The black turtleneck was favored by the beatniks/existentialists, post-WWII. Later adopted by the Beatles and other beat groups way before Jobs and Holmes picked up on that look.
I was familiar with the story, but I didn't know they partnered with companies that actually conducted the medical tests. The fake device's whole selling points were that it only needed a drop of blood, and the results were instant. So why were none of the patients/customers suspicious when they needed a full blood sample and the results weren't instant?
Trial delayed to august because she’s pregnant and due in July. Love that you covered this I been obsessed with this since the HBO documentary
She's the only flesh and blood person who gives me the 'uncanny valley' vibe when I look at her face
What about Zucc?
@@MrSkywalkersedem oh no you look at him and hes clearly fake, not just slightly sort of off in a creepy way, the zucc is just straight not human
Omg, that's it! XD
it's like you're staring at a cold, unfeeling machine. Fucking terminators.
Yes!
Looking into her eyes you can't say that woman isn't completely deranged.
Those kinds are the best in bed.
@@GandalftheWise ... best left undisturbed.
Her 'voice' makes me get an inny.
@@GandalftheWise death bed, probably
I might be wrong but by the sound of her voice and facial features I think she might be transgender.
@@misterk662 she isn’t just so you know, the voice is fake. Her natural voice is far higher.
Learned about this from Coldfusion and then got sucked into the story thanks for covering it! Love to hear your take!
It’s impressive to cover this much in 11 minutes, but like omg so much more it’s crazy
Theranos was promising to do what a PCR test can’t even do.
She hid her voice because she wanted to be taken more seriously. It all tied into her “amazing woman in STEM” play that worked so well. It’s one of the reasons people freaked out about her- they were so happy to have a female CEO of a medical tech company that it made it easier to not look closer. It’s a really interesting culture and psychology thing.
And I reckon her exposure was one of the many reasons people voted for Trump. They were sick of the SJW narrative over their health.
@@PungiFungi I hadn’t thought of that specifically but you’re totally right. Love Trump or hate Trump, his anti-woke campaigning was brilliant and exactly the right way to win votes.
I’m happy someone finally said this. She got so many passes and positive press simply because she was a woman in STEM, and the media wanted that (and still does) more than they wanted to qualify if her story and company were legit.
@L Lawliet her rise was during the Obama administration when political correctness have gone amok and every group clamored for the status of being the most oppressed.
She sounds like those people like in Dateline Murder Mysteries when they try to mask a witness' voice.
This sounds like a Netflix Original. Absolutely unbelievable.
Close, it's an HBO documentary. The Inventor: Out for Blood in Silicon Valley. Worth the watch.
The HBO doc is soooo good and insane
@@uhuhuh1966 Downside, it's on HBO...not paying for it.
@@Clay3613 the video can be free here
And just as corny and cliché, too.
Chemist here! A key reason why Theranos failed is that it would be ridiculously hard to measure and analyze such a small amount of blood. Then if you dilute it you lose that accuracy
But... as a biologist... why do I think it can work... but I don't know how?
Here's a brief update on the trial: Holmes' lawyers have a one-hundred and six page questionnaire which asks about things such as your knowledge of topics _relevant_ to the case (such as chemistry, pharmacology, venture capital, and more)-which I would imagine they have because they want a dumb jury who don't know about the nitty-gritty details of the case-where you get your news from, and a whole host of other invasive questions. You should fill it out yourself if you have an hour to waste and want something to remind you how dumb our dystopia is.
Same level of clown behavior when it came to selecting the jury for the chauvin trial
Cons in the medical industry are some of the most cruelest, however, unsurprisingly prolific.
Who was that young guy that bought the rights to a cheap, necessary medicine then jacked the price up to $600+?
F*ck that guy. And the (sometimes) evil it takes to be super rich.
yep that MD after a name makes people turn off their brains
@@HwoarangtheBoomerang and what happened due to it? Competitors stepped up and now more cheaper alternatives are available. It's almost like he understood how markets work.
@@HwoarangtheBoomerang and he started crying when he got sentenced lol
Thalidomide
"I don't often use this word... but this is ridiculous!"
Whoa, calm down, watch the language there!
I seriously thought he was gonna say "evil".
I saw a random special on TV about this awhile ago and I’ve been waiting for your video on it since lmao
I always wonder how people who pull off these scams for a while, can live with the constant stress of knowing they could be caught at any time. Also, how long do they think they can get away with something like this? Even if you get away with it for years, you end up in jail. So it is not worth it.
Those that are driven by psychological compulsions are driven by that in the present, not by considerations of what may happen later.
Welllll... PLOT TWIST! Her trial was recently put on hold because she's pregnant. Right before announcing her pregnancy she was trying to get off on grounds of mental incompetence. Looks like she might get away with this out of sympathy... Find out on the next episode of Dragon Ball Z!
I could never understand why someone would go through all that trouble of faking a product or a business when they could use that equal amount of effort to actually DO something.
Because what they were trying to do isn't possible with today's technology. Several of Elizabeth Holmes' professors at Stanford told her that when she showed them her idea. She then dropped out of Stanford and set out to prove those professors wrong.
@@WG55 and ended up proving them right. It wouldve been awesome and really amazing if she proved them wrong but in reality what she was really trying to prove wrong was the laws of nature
I think it's because real work is harder than faking it. People can convince themselves that what they're doing is important and appearances are just as important as the end result, sometimes even more so. It's how we ended up with a POTUS who has no idea how to govern because all he knows is how to lie and he believes his own lies. Or someone like Bernie Madoff, Ken Lay and Jeff Skilling, or Elizabeth Holmes herself.
Women
@@marco1173
Biden does need to tone it down with the lies, but give him a chance, he hasn't even been in office 2 months! He'll either get the hang of governing or won't be reelected. So far, he has been passable.
It's incredible I worked in the medical science industry myself for so long, and yet I have never heard of this. Insanity.
Love your commentary on this!
I remember a creepy video where she used her real voice )high pitched) then quickly reverted back to her pretend deep voice. Super weird watching it lol
That would be crazy to hear/see.
@@moniquemc4553 I wanna see too
here it is.
ruclips.net/video/PjnsYz-xdOI/видео.html
Far as I know, that was an audio recording. Not a video. Still weirdo material either way.
That trial isn't starting this summer. Holmes is now pregnant and her baby is due around that time. Looks like she still playing the game.
Oh my god she even uses her baby as a shield
That's despicable. It's obvious that she did this deliberately. She doesn't even love her "husband" or that child.
@@WobblesandBean hopefully the judge will not sign off on the delay request.
I feel bad for her husband. Unless if the husband acts the same way as Holmes.
If so, god help that child.
@@kevindao1103 , the husband is probably the type that will squandered the family money, like Holmes' family did. I mean, you are what you attract.
YUSSSSSS I saw someone else talk about this company and needed the company man to talk about it!!!
It will be interesting to see how the court case goes, I recall the Sawbones podcast discussing this subject a couple of times. Very much a vaporware situation where it certainly appears they very well knew their project would never come to life.
"I don't want to talk about their awkward relationship" shows image of clinton in the background...
Subtle
I remember when Theranos first came on the scene. My wife is a medical laboratory scientist. Basically she's the one that runs the medical instrument that tests your blood. When I told her about this company first coming out her exact words were " bullshit".
My wife let me know that it is impossible to make a machine that does all that. Also I have watched the documentary on HBO. Apparently Elizabeth had approached her professor and the professor told her the same thing.
As for the voice thing, there has been recorded video of her deep voice dropping and going to normal. The supposed idea behind the deep voice is that people respect men more than women because we generally have a deeper voice. So she would force her voice to sound lower in order to command respect.
Elizabeth has been fighting for years though to delay or court hearing. Last I read she did manage to have it delayed because she is pregnant. The judge agreed to wait until after the child is born before having the court hearing. Normally a judge goes lighter on a new mother so that the mother may have more time with the baby. I have no proof of this but it is my speculation that she's only having the baby as a means to delay and lighten her sentence.
My sister is also a lab tech, and she outright laughs whenever Theranos gets brought up.
A simple nurse who takes blood for these tests can explain simply that you need a lot of blood for them. Based on that simple tidbit of information, I felt rather confused about Theranos. It went against my common sense, but I also saw that the company was worth billions in 2015 before it was exposed. It wasn't my issue, so I didn't think too much on it. Then the news came out, and I was surprised by it and not surprised at the same time. It was like I got conned for something I knew myself couldn't be true, but still believed it might be true just because I read about it in a magazine of young entrepreneurs.
Sometimes I imagine how things might have gone if Holmes had gone to her professor, listened to her professor's explanation of why her idea wouldn't work, said, "Okay, I understand", and spent a few years looking into other more promising and realistic innovations.
Given how "successful" her business based on a total lie was for years, I can only imagine that if she had been a little more patient and a lot more honest then she could have actually become the "female Steve Jobs" she'd always wanted to be.
This vedio deserves a like! The message behind it is very important
Great video I never heard of this before
Fun Fact: Tyler Shultz got threatening emails from Theranos executives telling him to be quite, but he didn't and his parents agreed to pay for his defense. Theranos sued him, and it cost his parents $250,000 before the Government finally took his complaint seriously. He's the hero, but I don't think people give him enough credit for the hell he went through for MONTHS before the government stepped in. He was in his early 20s, trying to take on one of the biggest companies in the world, that's insane.
Well, he's a member of one of America's most influential families, so that helps.
She’s ALL kinds of crazy. The eyes don’t lie.
Amazing people like her can sleep at night.
Psychopaths run the world
Or at least try
She's the R. Kelly of medical science!
They don't. It's during the day, in a coffin
Straight As to me already seems suspicious of it being fake.
Can't wait for the trial, this will be interesting to watch unfold
The sad thing is if anyone just interviewed a person that works in the blood testing field, you would know what she was trying to do what all made up. She has destroyed so many people lives, but because of who she is will probably get away with it.
I'm convinced she saw a blood gas machine and thought, what if we make it do everything.... Without even the slightest knowledge of how it works, what its limitations are, and why it is impossible. All the pitches I ever heard from this con artist were her simply describing such a thing, and as she focused on venture capitalists etc who also know nothing, tells me she knew exactly what she was doing. She wasn't some wide eyed dreamer, or she'd have been talking to people who know this field. She is simply an evil con artist, who would had no qualms with putting patients at risk to keep the money rolling in. She should be rotting in jail.
All of us medical professionals were questioning this from the jump.
Can i ask for what reasons? The proposed technology would revolutionise healthcare if it worked, so what were the red flags doctors were seeing before this all came to light?
@@himynameisjeff There's a clip in the video where companyman shows a design/blueprint of the edison box, containing things like a "cytometer" and "spectrophotometer" and "thermocycler". These are very common lab equipment pieces that are in use today, and all of them require far more material/cells than are present in a single drop of blood. So the box she proposed would have essentially had to dramatically improve multiple pieces of medical/lab equipment simultaneously to be able to process a tiny amount of sample and still give a reliable readout. Given what she promised with things like being able to detect cancer or learn about genetic disease, anyone with moderate knowledge of biology could have said this was very, very likely not possible. Makes sense why the company was so secretive and deceptive to its own employees and wouldn't work with anyone who started to ask questions
@@himynameisjeff The amount of blood needed to run the tests she claimed the "Edison " could perform is much greater
than a droplet . Many have tried and failed. As obviously a fingerprick to obtain a droplet is much less invasive. But, those leading the industry have yet been able to accomplish it. I do although realize there are a select few humans in every generation that makes an impact by leaps & bounds. So, while that could have been the case. Another red flag was she came up with a diabetic automatic testing/delivery system that also was impossible and didn't work a few years prior to her Edison bs. These are great ideas. But, every medical professional could come up with these ideas. Most medical professionals HAVE thought of these ideas. The technology unfortunately isn't there. Takes ALOT more than a great idea when it comes to organic matter. 🤷🏻♀️
@@shootermcgavin2063 I replied prior to seeing your comment. You answered the question perfectly 😊
"You can do anything you set your mind to."
(As long as you're willing to lie, cheat and steal.)
Also have an executive father and sleep with a millionaire 20 years your senior.
Thanks for the video. Have seen several things on this woman. Didn't know her trial will be coming up soon. Looking forward to it and who else was behind this amazing scam.
The only thing I can think of when reading her name is how her university professor literally told her what she wanted to do is physically impossible and yet she still thought “yeah, I can do this”.
If you threw her and the other executive in federal prison for 20+ years, things like this would stop happening. It's like the entire system understands deterrence when it comes to street criminality, but then forgets those principles entirely when it comes to white collar crime. Interesting 🤔
Well said. How many times swindlers featured on Unsolved Mysteries with Robert Stack get very short prison terms while the victims who were drained of there money having long term financial misery.
Everyone knows that normal-people rules don't apply to the ultra-rich. After all, they basically live in a different reality, where one doesn't have to fight to prove oneself, a few million bucks is pocket change, and consequences are for suckers.
I've watched so much on Theranos. It's truly an insane story.
Yeah I can't get enough of this stories
Another video you recommend watching about Theranos?
The one from ColdFusion.
@@Macho393 there's a guy named "thunderf00t" who absolutely destroyed this woman.
@Bob Landers pfffft liz here thinks that she wont get caught
I just want to say, thank you for making this video even if a small audience watches it, once you hear of this less known fraud, it makes you want to know more of it
The video was great except for the spider at the end, yukkkk. If you're not already, I can definitely see you giving business lectures to students in schools. Great content.
Where is the fan requested video?
*"RUclips - Why They're Hated"*
yes, he's gonna upload a video of how youtube is hated on youtube
@@the.abhiram.r as he should
it better be #1 on trending or i willl sue
@@the.abhiram.r Lots of people do. I just watched a video yesterday calling out the hypocrisy and favoritism of the current CEO.
The sad thing is that we can't really replace youtube as a whole because it's too big and too universial to switch immediately
Here in Arizona, damn near every walgreens you can still see where they had the Thanos, I mean Theranos office. Most are abandoned rooms by the pharmacy at Walgreens.
I look forward to your next video on this company
As a double major in Chemistry and Biology, I am surprised no one called her bluff sooner. I've done tests similar to the ones you would expect to do with a blood sample (same techniques, different tissues) and it normally requires a lot of the sample because there is the potential of destroying too much of what you would need to run any test. These tests also require assays and long multi-step procedures which would be pretty much impossible to do on such a small machine. In theory it is possible if we could program something which could do lab work on the microscopic level, but we are still years away from that.
Replace “ambitious” with privileged. This wouldn’t have been possible if her family name didn’t carry pedigree or if she wasn’t as well connected as she was.
yep, when delusion meets connections
She also hypnotized George Schultz into running interference for her because of his on setting senility.
Rich people stealing again. (*surprised Pikachu face)🤣
She is terrifying and is still living normally without any consequences
That's how "justice" works when you have lots of money.
For now she is perhaps in a few months or years she’ll be rotting in prison
@@VoiceDisasterNz Or if you’re a woman today. Women love accountability like a snail loves salt.
She appears like she's going to jail, we'll see.
You captured this quite well, if anyone wants more details I'd recommend the book Bad Blood.
Same. I recommended it in the video.
Excellent clip 👍
"How to build a Fortune 500 company with no real value" sounds like a new Jake Tran video
Thunderf00t already covered this.
R2-D2
I almost read the title as the Thanos Scandal.
I did
Ah yes, the time Thanos committed galactic fraud by lying to regulators about the efficacy of his infinity stones
The only real thing Thanos feared was the IRS
@@BurningOutBass no, that's the joker
@@kerdnerl8588 its canon
I've heard of this a few times and forget it and remembering it is never a fun time thanks
Last I heard, her trial was first delayed until November 2021, but postponed again till February of '22.
Cold Fusion did a deep dive into this scandal as well a couple of years ago. It was the first time I've heard of them as well. Got to admit, her BS game was on point.
Actually if you mixed this video and Dagogo's (CF's creator) you'd have a pretty good look at most of the issues here: Dagogo on the CORPORATE side of Ms. Holmes and Mike (CM's creator) on WHAT THE PEOPLE SAW.
Those and the additional references thrown here like the media on it and the "family relations"...
Now all it needs is for Cold Fusion to do an update leading or after the CRIMINAL TRIAL.
She looks like a female Mark Zuckerburg.
I was just thinking that then i read your comment. They must be the same model of android
Your anti-Semitic
But 10 times worse!!
I've never heard about this before but this entire situation makes me sad and angry
She already got another victim, she married some rich guy.
I hope she brings that deep voice with her when she’s called up to the stand 🤣
Sounded like she gargled with hot sand.
It's irritating.
Dang that's a weird one.. if she does that's very cringey but if she doesn't that's also cringey because then she's admitting it was fake
Two prenant lesbians (9 months) making out with each other.
She sounds like me when I try to do a Patrick Star impression. idk how anyone could take that voice seriously.
People who lie especially about other people's health is unforgiveable.
Based in Europe, I just discover this topic with you. Many thanks, very interesting and useful
One dimension of this story little explored is how the fallout of this scandal makes the future development of such capabilities and technology unlikely. Not because it is impossible, but because when true advancements are made, and such a technology is within reach, it will languish without funding and support because of the legacy of Theranos.
"Let me switch to my deep voice"
I get so excited when company man upload a video.
Me too eve;when I know about the topic
for someone like me who's a cancer survivor and gets poked regularly for check ups and blood work this would have been a life saver.
Am actually 18 pages away from finishing the book, super storytelling skills, details such as her voice and how she looks made me search her up and found this video, the book gives more details
part of me is like, "How did walgreens fall for this?!"
This is what happens when you have business people vet technology. The warning signs were all there.
FOMO
Read the book, "Bad Blood" by WSJ writer John Carreyou. That's is a wild story.
Walgreens as a company is terribly disconnected from reality and it's front line employees and has been for years. Not surprised they were conned with this scam.
:How did people fall for walgreens?!"
8:59. She deepens her voice because she felt she wasn't being taken seriously as a business person because she's got blonde hair and big blue eyes. She claims it works and it probably does to some degree.
Pretty sure those eyes are contacts. They look really artificial.
Creepy asf
@@NozomuYume I think she just has that creepy blank stare, my eyes are the same shade of blue / grey
She's a fake blonde.
So i heard about this case but the funny thing is i thought i heard about it from one of your videos but given this is the first video you made about it tell me i saw another video regarding this topic but ur the first person to come to mind lol. Must be because at the time your videoes made me want to watch othet similar content but i assoicate you sd the og.
I'm getting such a sense of Deja Vu with this video. I could have sworn I already saw this last year. Still a great video though