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Bad blood secrets and lies in a Silicon Valley startup

"The full inside story of the breathtaking rise and shocking collapse of Theranos--the Enron of Silicon Valley--by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers. In 2014, Theranos founder and CEO...

Full description

Main Author: Carreyrou, John (Author)
Format: Books Print Book
Language: English
Published: New York : Alfred A. Knopf, 2018.
Edition: First edition.
Subjects:
Hematologic equipment industry > United States.
Fraud > United States.
Summary: "The full inside story of the breathtaking rise and shocking collapse of Theranos--the Enron of Silicon Valley--by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers. In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in an early fundraising round that valued the company at $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: the technology didn't work. For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at the Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company's value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley"--
Physical Description: x, 339 pages ; 25 cm
Bibliography: Includes bibliographical references and index.
ISBN: 9781524731656
152473165X
Author Notes: John Carreyrou is an American journalist and author. He was born in New York and raised in Paris. He graduated from Duke University in 1994 with a B.A. in political science and government. He has worked for The Wall Street Journal since 1999. Currently, he is based in New York, but has worked in Brussels and Paris. He has covered a wide number of topics. He was part of a team that won a Pulitzer Prize for Explanatory Reporting, for covering corporate scandals. In 2015, he and several colleagues wrote a series of articles on fraud and Medicare, for which they won the Pulitzer Prize for Investigative Reporting. He won the George Polk, Gerald Loeb, and Bartlett & Steele awards for his coverage of the company Theranos.

(Bowker Author Biography)

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