The company's downfall was inevitable from "summary" of Bad Blood by John Carreyrou
Theranos' downfall wasn't a sudden event; it was a slow, steady decline that was, in many ways, inevitable. From the very beginning, the company was built on a foundation of lies and deception. Elizabeth Holmes, the founder and CEO, was so fixated on the idea of revolutionizing the healthcare industry that she was willing to do whatever it took to make it a reality, even if that meant bending the truth. As the company grew, so did the web of lies that surrounded it. Holmes and her COO, Sunny Balwani, went to great lengths to cover up the fact that their technology didn't work as advertised. They misled investors, regulators, and even their own employees, painting a rosy picture of a company on the brink of changing the world when, in reality, it was on the brink of collapse. Despite mounting evidence that Theranos' technology was flawed, Holmes and Balwani refused to admit defeat. They continued to push forward, making promises they couldn't keep and ...
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