Carreyrou had even revealed that Theranos relied on third-party devices to administer its own tests. John Carreyrou, an investigative reporter at The Wall Street Journal, had spent nearly two years detailing the start-up’s various misdeeds-questioning the veracity of its lab results and the legitimacy of its core product, the Edison, a small, consumer blood-testing device that supposedly used a drop of blood to perform hundreds of medical tests. Theranos, the blood-testing company that she had dreamed up more than a decade ago, during her freshman year at Stanford, was imploding before her very eyes. It was September 2017, and the situation was dire. Photographed by Jenny Hueston.Įlizabeth Holmes appeared to know exactly what she needed to do. The biggest corporate fraud since Enron is a cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.Photographed by Jenny Hueston for The New Yorker. By early 2017, the company's value was zero and Holmes faced potential legal action from the government and her investors. Undaunted, the paper ran the first of dozens of Theranos articles in late 2015. When the author, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both the author and the newspaper were threatened with lawsuits. For years, Holmes had been misleading investors, FDA officials, and her own employees.

There was just one problem: the technology didn't work.

Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $9 billion, putting Holmes's worth at an estimated $4.7 billion. In 2015, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup 'unicorn' promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. The full inside story of the breathtaking rise and shocking collapse of Theranos, the one-time multibillion-dollar biotech start-up founded by Elizabeth Holmes - now the subject of the HBO documentary The Inventor - by the prize-winning journalist who first broke the story and pursued it to the end.

Summary: New York Times Best Seller - Named one of the best books of the year by: NPR, The New York Times Book Review, Time, Wall Street Journal, Washington Post The McKinsey Business Book of the Year.

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