So, how did Theranos go from being a small startup to a billion-dollar company? Well, it's pretty simple: Holmes was a great salesperson, and she was able to convince a lot of investors to put their money into her company. She also had a great story to tell, and she was able to make her technology sound like a game-changer. And, let's be real, who wouldn't want to invest in a company that promises to disrupt the entire healthcare industry?
But, as it often does, pride came before a fall. It turned out that Theranos' technology wasn't quite as revolutionary as Holmes had claimed. In fact, it didn't really work at all. The company was using fake test results to make it seem like their technology was working, and they were even intimidating employees who tried to speak out about the problems. It's like they say: if it sounds too good to be true, it probably is.
The Wall Street Journal started to investigate Theranos, and what they found was pretty shocking. The company was using commercially available machines to run their blood tests, rather than their own technology. It was like they were putting lipstick on a pig, trying to make an old technology look like something new and exciting. And, as the truth started to come out, Theranos' stock price began to plummet.
