Reply to post: Re: But, she did do one good thing

Theranos CEO Elizabeth Holmes found guilty of fraud: Blood-testing machines were vapourware after all

John Brown (no body) Silver badge

Re: But, she did do one good thing

As a company producing medical devices, wasn't there some agency required to look at and test this equipment before licencing it for use? Or can any old snake-oil salesman make any claims they want without retribution?

On the other hand, there does seem to be a culture of "fake it 'till you make it" in Silicon Valley. Lots of big claims being made to attract the VCs and frequent total failures to produce the goods.

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