Google trend - Elizabeth Holmes

Elizabeth Holmes - 10 things to know with detail

• Elizabeth Holmes is an American businesswoman who founded Theranos, a health technology company that aimed to revolutionize the medical industry with its proprietary blood-testing technology.
• Holmes dropped out of Stanford University at the age of 19 to pursue her entrepreneurial ambitions and founded Theranos in 2003.
• Theranos claimed to have developed a device that could run multiple tests on a small amount of blood, using just a few drops from a finger prick. This technology promised faster and more convenient testing compared to traditional methods.
• Holmes quickly became a prominent figure in the tech and medical industries, being hailed as a visionary and a potential game-changer in healthcare.
• Theranos raised millions of dollars in funding from investors, reaching a valuation of over $9 billion at its peak.
• In 2015, investigations by the Wall Street Journal raised doubts about the accuracy and reliability of Theranos' technology, leading to a series of legal and regulatory challenges for the company.
• In 2018, Holmes was charged with massive fraud by the Securities and Exchange Commission (SEC) for misleading investors about the capabilities of Theranos' technology and overstating the company's financial performance.
• Holmes settled with the SEC, agreeing to pay a fine and relinquish her control of Theranos. The company eventually shut down in 2018.
• Holmes was also criminally charged with wire fraud and conspiracy to commit wire fraud in 2018. Her trial began in September 2021 and is ongoing.
• The rise and fall of Elizabeth Holmes and Theranos have been the subject of intense media scrutiny and have sparked debates about ethics in entrepreneurship, corporate governance, and the responsibilities of tech industry leaders.