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Samanth Shetty
Building Nestsure • 10h
🔬 The Rise & Fall of Theranos — Lessons from Elizabeth Holmes In 2003, a 19-year-old Stanford dropout named Elizabeth Holmes launched Theranos, claiming she could revolutionize healthcare. Her vision? A device that could run hundreds of blood tests from just a few drops of blood. 🚀 Investors, politicians, and media fell in love with the idea. At its peak, Theranos was valued at $9 billion. Holmes was celebrated as the female Steve Jobs. Walgreens & Safeway partnered with the company. But there was one big problem: 👉 The technology never worked. Journalists (like John Carreyrou of The Wall Street Journal) exposed how Theranos misled patients, investors, and regulators. Instead of revolutionary blood tests, the machines gave inaccurate results putting lives at risk. ⚖️ In 2022, Elizabeth Holmes was convicted of fraud and sentenced to 11 years in prison. 💡 What we can learn from Theranos: 1. In healthcare, trust is everything. Lives are on the line hype cannot replace evidence. 2. Transparency > Storytelling. Great narratives attract investors, but only solid science sustains them. 3. Ethics matter. Cutting corners in healthtech isn’t just risky, it’s dangerous. Theranos is no longer around, but its story is a reminder: ✨ Innovation in healthcare must balance ambition with responsibility. The twist is that Elizabeth is back ( Video attached ) Post credits : Vishu Bheda for letting me know the name and made me search 💡 *This Post adhers to all community guidelines and rephrased using ChatGPT*
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