From Simple English Wikipedia, the free encyclopedia
FormerlyReal-Time Cures
Company typePrivately held corporation
IndustryHealth care
FounderElizabeth Holmes
DefunctSeptember 4, 2018
FateShut down and liquidated; founder indicted for wire fraud and conspiracy
United States
Key people
Elizabeth Holmes
(Chairwoman & CEO)
Ramesh Balwani
(President and COO)
George Shultz
(Board Member)
ProductsBlood tests
ServicesMedical tests at the Wayback Machine (archived August 28, 2018)
Footnotes / references

Theranos is a bankrupt American technology corporation in the field of medical services. It was founded in 2003 by a 19-year-old Elizabeth Holmes. It is considered a big scam. For a long time, the founders advertised their startup as a breakthrough technology company. They claimed to have developed blood tests that needed only small amounts of blood. The tests could be passed very quickly with the help of compact automated devices developed by the company. Later the statements turned out to be untrue. In 2018, the company was declared bankrupt. Founder Elizabeth Holmes is under investigation. She was fined and banned from running any company for 10 years.[2]

References[change | change source]

  1. Mukherjee, Sy (April 10, 2018). "Report: Theranos Just Laid Off the Vast Majority of Its Employees". Fortune. Archived from the original on February 8, 2021. Retrieved June 19, 2019.
  2. Bilton, Nick (6 September 2016). "Exclusive: How Elizabeth Holmes's House of Cards Came Tumbling Down". Vanity Fair. Retrieved 2021-02-20.