What? No "Point and laugh" icon?!
Theranos CEO: $4.5bn to $0
In a reflection of the complete collapse in confidence of blood-testing company Theranos, its founder and CEO Elizabeth Holmes has taken a bit of a hit in her estimated net worth. Having topped the Forbes list of "Richest Self-Made Women" last year with $4.5bn, the publication has re-calculated her value this year to... $0. …
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Wednesday 1st June 2016 19:47 GMT TheOtherHobbes
Re: Please, oh please
This is Forbes putting Holmes in the stocks (geddit?) and telling the world they think she's worthless.
Holmes surely still has cash, especially considering she wasn't born poor to start with.
But it's still a public humiliation, and it's not going to do her future Cxx suite-level job prospects any favours.
(Having said that, she'll probably do the usual thing and run for President - although probably not until after Marissa Mayer gets her go.)
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Wednesday 1st June 2016 22:16 GMT JLV
Re: Please, oh please
Well, I'll keep an open mind, for now. Innocent until proven guilty and all that.
But if she was involved with, directed, or condoned, fraud in a medical testing (not just billing/stocklisting) context, then I would hope that she risks a lot of jail time. Rather than just having her professional prospects tarnished. And that's even if it was just to keep her company afloat pending resolution of technical glitches.
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Biting the hand that feeds IT
