The Theranos deception
How a company with a blood-testing machine that could never perform as touted went from billion-dollar baby to complete bust
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How a company with a blood-testing machine that could never perform as touted went from billion-dollar baby to complete bust
A conversation with 60 Minutes about media coverage of the rise and fall of Elizabeth Holmes and her hot startup, Theranos
The blood-testing startup, accused of Silicon Valley's biggest fraud, lost almost $1 billion of investor wealth
Holmes as well as former chief operating officer Ramesh "Sunny" Balwani are accused of defrauding investors and doctors
Theranos founder Elizabeth Holmes told us in 2015 how she would transform blood tests by using a drop of blood from a finger-prick to get fast, low-cost test results for everything from cholesterol to cancer. But this past March, the Securities and Exchange Commission called Theranos "an elaborate, years-long fraud." Wall Street Journal reporter John Carreyrou broke the story of the Theranos deception. He joins Norah O'Donnell in the Toyota Green Room to discuss chronicling the company's collapse in his new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup."
Theranos founder Elizabeth Holmes told us in 2015 how she would transform blood tests by using a drop of blood from a finger-prick to get fast, low-cost test results for everything from cholesterol to cancer. But this past March, the Securities and Exchange Commission called Theranos "an elaborate, years-long fraud." Wall Street Journal reporter John Carreyrou broke the story of the Theranos deception. He joins "CBS This Morning" to discuss chronicling the company's unraveling in his new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup."
How a company with a blood-testing machine that could never perform as touted went from billion-dollar baby to complete bust
A conversation with 60 Minutes about media coverage of the rise and fall of Elizabeth Holmes and her hot startup, Theranos
A company with a blood-testing machine that could never perform as touted went from billion-dollar baby to complete bust. 60 Minutes reports, this Sunday at 7 p.m. ET/PT
SEC says the once high-flying entrepreneur deceived investors in raising money for blood-testing startup
40 percent of full-timers losing their jobs; Theranos also shutting its clinical labs and wellness centers
Theranos also says the government has suspended its approval to receive Medicare and Medicaid payments related to bloodwork
Holmes started troubled blood testing company Theranos in 2003; was once crowned America's richest self-made woman
The blood testing start-up has corrected or voided results from 2014 to 2015, raising questions for patients
As problems pile up for the troubled biotech, founder Elizabeth Holmes says she is "devastated"
Embattled blood-testing startup says it hopes federal health regulator won't impose sanctions
Theranos promises to offer hundreds of fast, cheap and accurate blood tests, but the company is now under review by two federal regulators
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Elizabeth Holmes' ballyhooed biotech startup says a Wall Street Journal article is "factually and scientifically erroneous"
Dropped out of Stanford at 19 and now runs a $9 billion company that hopes to revolutionize the health care industry
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