Town Square

Post a New Topic

Theranos shutting down permanently

Original post made on Sep 5, 2018

Theranos Inc., the Palo Alto-based blood-testing company whose former CEO and chief operating officer were indicted by a federal grand jury earlier this year for allegedly defrauding investors and patients in a multimillion-dollar scheme, is shutting down, according to the company's CEO and general counsel David Taylor.

Read the full story here Web Link posted Wednesday, September 5, 2018, 10:11 AM

Comments (3)

Posted by Robyn
a resident of another community
on Sep 5, 2018 at 4:08 pm

Crooks, plain and simple. But where was the due diligence by the investors?


Posted by not an investor
a resident of Cuesta Park
on Sep 5, 2018 at 4:31 pm

That is how the capitalist system works in the USA - some capitalist crooks, hopefully get indicted and convicted. [crooked bankers we have found out, are exempt] Investors without due diligence - or maybe without 'common sense', loose their shirts.
And that is The Rest of The Story!


Posted by Star Studded Board
a resident of Rex Manor
on Sep 5, 2018 at 10:58 pm

They recruited a Star Studded Board that investors just figured if prominent names are on the board...well...it must be all good. The Star Studded Board needed to leave their own egos at home and get down to fundamentals...it didn't happen.

The Power of Celebrity Persuasion...Just like Big Joe Montana and Millennium Towers.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

On Wednesday, we'll be launching a new website. To prepare and make sure all our content is available on the new platform, commenting on stories and in TownSquare has been disabled. When the new site is online, past comments will be available to be seen and we'll reinstate the ability to comment. We appreciate your patience while we make this transition..

Stay informed.

Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.