‘Therabros’ In Addition To ‘Disappeared’ Staffers: The Viii Juiciest Things Nosotros Learned From Lavatory Carreyrou’S Novel Theranos Book

From STATnews, Apr. 12

Theranos this calendar week set off all only almost ii dozen of its remaining employees — the latest indignity for the i time fabulously rich blood-testing companionship that’s locomote out a parable for Silicon Valley hubris.

As amongst much of the overflowing of bad tidings for Theranos, discussion of the layoffs came from John Carreyrou, the investigative reporter at the Wall Street Journal who was the offset to break the story of the company’s troubles inwards Oct 2015 as well as who afterward landed a string of Theranos-related scoops.

Carreyrou besides happens to hold upwards the writer of a novel majority on the company, “Bad Blood: Secrets as well as Lies inwards a Silicon Valley Startup,” which is beingness released on May 21. The offset print, from the publishing identify Alfred A. Knopf, volition hold upwards 100,000 copies.

STAT obtained an advance re-create of the to a greater extent than or less 300-page book. Through countless details as well as episodes reported for the offset time, Carreyrou paints a damning portrait of the civilization of dysfunction as well as deception overseen yesteryear CEO Elizabeth Holmes.

Below are the 8 most remarkable things nosotros learned from reading “Bad Blood.”
The company, nosotros should add, didn’t furnish STAT’s asking for comment.

1. Theranos was lying equally early on equally 2006
Much of the attending on Theranos’ misdeeds has been focused on what happened (and what failed to happen) after the companionship launched its blood-testing services to the populace inwards Walgreens drugstores inwards September 2013.

But Carreyrou says at that spot was deception going on far earlier. 

In an episode reported for the offset fourth dimension inwards the book, Carreyrou describes a surreal scene from 2006, inwards which the company’s offset primary fiscal officeholder learned that Theranos had deceived Novartis executives inwards demonstrating its engineering scientific discipline at a pitch coming together inwards Switzerland. The trick: Because the blood-testing organisation was inconsistent inwards generating results, Theranos staffers had recorded a outcome from i of the times it worked to display inwards the demonstration.

And when the CFO raised describe of piece of occupation organisation almost that amongst Holmes? He was fired on the spot.

2. Theranos’s engineering scientific discipline was to a greater extent than amateurish than previously known
Theranos has largely taken oestrus for lying. But Carreyrou besides works life absurdity as well as amateurism at the middle of the company’s technology.

In i revealing incident, Holmes as well as an associate spent ii hours pricking their fingers inwards a hotel before a large coming together amongst Novartis inwards a futile endeavor to acquire the buggy engineering scientific discipline to work. In another, the caput of the software squad bragged that he could write the code for the technology’s software faster using Flash — before a “Learn Flash” majority turned upwards on his desk....MUCH MORE

HT: Slope of Hope via ZeroHedge