Elizabeth Holmes, 30 year old self-made billionaire woman

[Anonymous]

Seems like a slap on the wrist for such blatant fraud. Maybe I don't understand SEC's ability to prosecute. Maybe further indictments from other to come.

[Anonymous]

Anonymous wrote:I honestly never understood the appeal of the product. Sure, blood draws aren't fun, but they aren't impossible or even particularly difficult. It always seemed like a solution in search of a problem. Then to have it be fake in the end . . . just stupidity all around.

See, I thought the idea was brilliant and I hope there's an iota of truth and someone can push this idea through. Results with a drop of blood! Right now, they take three vials for one test! They took three vials to test my child for lead! And I'm not sure if this is part of it, but I would like instant results to ME and not my doctor holding it hostage. It's my blood, after all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly never understood the appeal of the product. Sure, blood draws aren't fun, but they aren't impossible or even particularly difficult. It always seemed like a solution in search of a problem. Then to have it be fake in the end . . . just stupidity all around.

See, I thought the idea was brilliant and I hope there's an iota of truth and someone can push this idea through. Results with a drop of blood! Right now, they take three vials for one test! They took three vials to test my child for lead! And I'm not sure if this is part of it, but I would like instant results to ME and not my doctor holding it hostage. It's my blood, after all.

But you vs your dr getting results is about state laws, not technology. In some states (VA included), you can already order your own labs through websites like privatemdlabs.com. I still don't see it as a big breakthrough.

[Anonymous]

Anonymous wrote:Oh, look! Successful white woman, graduate of elite prep schools and Stanford is a fraud. I guess these institutions and her parents failed to instill a proper sense of ethics in her. When will she go to jail?

She didn't graduate, instead started the fraud.

[Anonymous]

Anonymous wrote:Seems like a slap on the wrist for such blatant fraud. Maybe I don't understand SEC's ability to prosecute. Maybe further indictments from other to come.

SEC can’t put people in jail. It’s a civil, not criminal, enforcement agency. DOJ would have to indict her to do more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly never understood the appeal of the product. Sure, blood draws aren't fun, but they aren't impossible or even particularly difficult. It always seemed like a solution in search of a problem. Then to have it be fake in the end . . . just stupidity all around.

See, I thought the idea was brilliant and I hope there's an iota of truth and someone can push this idea through. Results with a drop of blood! Right now, they take three vials for one test! They took three vials to test my child for lead! And I'm not sure if this is part of it, but I would like instant results to ME and not my doctor holding it hostage. It's my blood, after all.

by that logic "gummy bear that cures cancer" is a great idea as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly never understood the appeal of the product. Sure, blood draws aren't fun, but they aren't impossible or even particularly difficult. It always seemed like a solution in search of a problem. Then to have it be fake in the end . . . just stupidity all around.

See, I thought the idea was brilliant and I hope there's an iota of truth and someone can push this idea through. Results with a drop of blood! Right now, they take three vials for one test! They took three vials to test my child for lead! And I'm not sure if this is part of it, but I would like instant results to ME and not my doctor holding it hostage. It's my blood, after all.

My spouse works in this area and laughed and laughed when he heard of this company and was like, "no way."

[Anonymous]

Pissed that someone like this is not going to jail. She fleeced investors for hundreds of millions. But if you rob a bank for $10K, you're looking at 10 years in the slammer.

There need to be harsher penalties for corporate crime and SEC violations.

[Anonymous]

My mother was a med tech and over a decade ago her hospital had bought a machine for millions of dollars that was supposed to do any blood test and reduce their need for staff. It was basically very highly dysfunctional and a big boondoggle and needed more staff than without it. A machine that works with human liquids is going to have a lot of engineering issues. It was breaking down a lot and was over sensitive and did wrong tests. Basically it was a xerox for blood and things didn’t go well. The hospital got rid of it and ate the loss. My mom retired a decade ago and I wonder if the technology actually improved since other than this scam.

[Anonymous]

Anonymous wrote:My mother was a med tech and over a decade ago her hospital had bought a machine for millions of dollars that was supposed to do any blood test and reduce their need for staff. It was basically very highly dysfunctional and a big boondoggle and needed more staff than without it. A machine that works with human liquids is going to have a lot of engineering issues. It was breaking down a lot and was over sensitive and did wrong tests. Basically it was a xerox for blood and things didn’t go well. The hospital got rid of it and ate the loss. My mom retired a decade ago and I wonder if the technology actually improved since other than this scam.

Technology improves constantly. Why not this? i still have hope. PP with the husband in the industry, tell him to get to work! Put Elon Musk on the case!

[Anonymous]

Anonymous wrote:

Anonymous wrote:My mother was a med tech and over a decade ago her hospital had bought a machine for millions of dollars that was supposed to do any blood test and reduce their need for staff. It was basically very highly dysfunctional and a big boondoggle and needed more staff than without it. A machine that works with human liquids is going to have a lot of engineering issues. It was breaking down a lot and was over sensitive and did wrong tests. Basically it was a xerox for blood and things didn’t go well. The hospital got rid of it and ate the loss. My mom retired a decade ago and I wonder if the technology actually improved since other than this scam.

Technology improves constantly. Why not this? i still have hope. PP with the husband in the industry, tell him to get to work! Put Elon Musk on the case!

Don't bother Elon. He needs to fix Tesla faulty parts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My mother was a med tech and over a decade ago her hospital had bought a machine for millions of dollars that was supposed to do any blood test and reduce their need for staff. It was basically very highly dysfunctional and a big boondoggle and needed more staff than without it. A machine that works with human liquids is going to have a lot of engineering issues. It was breaking down a lot and was over sensitive and did wrong tests. Basically it was a xerox for blood and things didn’t go well. The hospital got rid of it and ate the loss. My mom retired a decade ago and I wonder if the technology actually improved since other than this scam.

Technology improves constantly. Why not this? i still have hope. PP with the husband in the industry, tell him to get to work! Put Elon Musk on the case!

Don't bother Elon. He needs to fix Tesla faulty parts.

HAHA - no kidding. DH has a Tesla......I can tell you stories. Dumbest car on the planet - but it sure is fun to drive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My mother was a med tech and over a decade ago her hospital had bought a machine for millions of dollars that was supposed to do any blood test and reduce their need for staff. It was basically very highly dysfunctional and a big boondoggle and needed more staff than without it. A machine that works with human liquids is going to have a lot of engineering issues. It was breaking down a lot and was over sensitive and did wrong tests. Basically it was a xerox for blood and things didn’t go well. The hospital got rid of it and ate the loss. My mom retired a decade ago and I wonder if the technology actually improved since other than this scam.

Technology improves constantly. Why not this? i still have hope. PP with the husband in the industry, tell him to get to work! Put Elon Musk on the case!

why not this? because not all problems are the same. problems involving biology are in general harder than engineering problems. thiel was highly skeptical of bioinformatics in his book.

[Anonymous]

Anonymous wrote:I honestly never understood the appeal of the product. Sure, blood draws aren't fun, but they aren't impossible or even particularly difficult. It always seemed like a solution in search of a problem. Then to have it be fake in the end . . . just stupidity all around.

Has anyone seen the HBO documentary that dropped last week or the earlier ABC documentary, Bad Bood? I watched the ABC doc. This story is fascinating for so many reasons.

Re: the comment above— I don’t get the appeal of the product either. It’s a single needle poke, either way, and it doesn’t hurt once the needle is in. Frankly, I’d rather be poked in the bend of my elbow than in a fingertip. Less likely to bump the wound or get infected since your fingers touch everything.

And on a superficial note— her fake voice is creepy as hell, and what’s with that dry, straw hair? Had she never heard of conditioner?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly never understood the appeal of the product. Sure, blood draws aren't fun, but they aren't impossible or even particularly difficult. It always seemed like a solution in search of a problem. Then to have it be fake in the end . . . just stupidity all around.

Has anyone seen the HBO documentary that dropped last week or the earlier ABC documentary, Bad Bood? I watched the ABC doc. This story is fascinating for so many reasons.

Re: the comment above— I don’t get the appeal of the product either. It’s a single needle poke, either way, and it doesn’t hurt once the needle is in. Frankly, I’d rather be poked in the bend of my elbow than in a fingertip. Less likely to bump the wound or get infected since your fingers touch everything.

And on a superficial note— her fake voice is creepy as hell, and what’s with that dry, straw hair? Had she never heard of conditioner?

I watched it. I thought The Dropout (podcast) was more thorough in its coverage (listen if you haven’t had a chance).

I get the appeal of the concept- the ability to do bloodwork in remote army camps or rural clinics, etc. Holmes pretended it was about fear of needles and being able to do bloodwork frequently in your own home. She dismissed the people who knew, and told her, that it wouldn’t work.

The biggest tragedy by far was the employee who killed himself.

It’s just astonishing to me how many smart people she bamboozled. That seems to be a trend these days with frauds like the Fire Festival and Anna Delvey.