🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Niket Raj Dwivedi
•

Medial • 1y

The Theranos Fraud - One of the biggest scam startup to be caught🎢 (Startup Nugget Series - Story 3) Elizabeth Holmes, the wunderkind who promised to revolutionize healthcare with Theranos. 🩸💉 Sounds amazing, right? Well, hold onto your hats! Holmes, with her Steve Jobs vibe, convinced everyone that Theranos could run a gazillion tests with just a few drops of blood. Investors, including big shots like Rupert Murdoch, were hooked. The hype train reached a staggering $9 billion valuation. 🚂💰 But guess what? Behind the scenes, it was all smoke and mirrors. 🪞 Former employees spilled the tea on a culture of secrecy and fear. Turns out, the Edison machines, the supposed miracle workers, were pumping out more fiction than a Netflix drama. Journalist John Carreyrou took a deep dive, exposing the Theranos drama in The Wall Street Journal. 🕵️‍♂️ Cue the unraveling. Turns out, those groundbreaking blood tests? Total bogus. Patients got inaccurate results, and Theranos was diluting samples to cover its tracks. Fast forward to 2018, Holmes faced the SEC's wrath, charged with massive fraud. 🚨 The once Silicon Valley queenpin now defending herself in court. The lesson here? Not every disruptor is a hero. 🦸‍♀️ Sometimes, the promise of change masks some serious shadiness. Theranos is not just a tech fail; it's a wild ride through the consequences of ambition gone haywire. 🎢 Trust shattered, lives affected – a cautionary tale for every tech dreamer out there.

5 replies21 likes

Replies (5)

Harshal Nagpure Rj

Thoughts of a dreame... • 1y

Hey bro can you add "save" or "bookmark" function in this app.

1 replies1 like

Phanirockzzz

If nothing goes righ... • 1y

Oh recently anupam mittal told about this in shark tank is it that one.

0 replies2 likes

Anonymous 1

Hey I am on Medial • 1y

Last I heard she was in jail :D

0 replies1 like

Harshal Nagpure Rj

Thoughts of a dreame... • 1y

Bro can you also add a pod for "Book lovers"

0 replies

Recommendations from Medial

Vishu Bheda
•

Medial • 5m

Look at this woman. At 19, she dropped out of college. Raised millions from the biggest names for her tech company. Then built a $9 billion empire. And now she’s in prison. Here’s is the story of the greatest Silicon Valley disaster: Elizabeth

18 replies24 likes

Vedant Tiwari

Founder of VedspaceA... • 8m

This is the most Infamous StartUp failure in History…… “Back in 2003, Stanford University's dropout, Elizabeth Holmes, wanted to build a device that could perform many tests with just a few drops of blood.” “That was a great idea, and she got initi

0 replies5 likes

Anonymous
•

Monkey Ads • 4m

who's the founder of Theranos? and you'll see the one who convicted one of the biggest fraud in US startup ecosystem.

0 replies

Anomaly

#Simplicity • 1y

What was the saddest moment in life which turns out to be most happiest?

3 replies7 likes

Harsh Singh

Founder @Luma Space • 3d

when I was a kid, I thought the wedding play area was for fun. Turns out, it was just to keep us from ruining the photos! 😂

0 replies6 likes

SomeGuyOnMedian

Not here for a long ... • 8m

The only that scares me is what if Medial also turns out to be like Linkedin? A constant soup of motivational shit show and corporate cringe.

2 replies5 likes

Thatmoonemojiguy

A guy with a lot of ... • 2d

The Great Indian Honey Scam: A Sticky Fraud🍯🐝 Think your honey is pure? Think again. A shocking investigation by the Centre for Science and Environment (CSE) found that many top Indian brands sell adulterated honey laced with sugar syrups, often i

0 replies4 likes

Anonymous

Hey I am on Medial • 8m

It's a moral duty to return unused capital. No need to create emotional drama out of it. You had raised money, you didn't succeed, you returned money. Simple.

4 replies12 likes