Thursday, April 25, 2019
Bad Blood
I will admit, I wasn't initially jazzed about this book, but once I started reading I couldn't put it down! It was weirder than fiction. How could someone build an empire on lies that was harmful to those seeking medical health?!? Elizabeth Holmes started Theranos, a company that promised that one drop of blood could be tested for up to 800 different things in one small device. The problem is that that device didn't exist, it just wasn't possible, but she kept promising her investors that is was and thought she could fake it until she made it. They had prototypes, but they were YEARS away from even being able to make good on half the promises that Holmes alleged her machine could do. The blood tests they ran on their prototypes were riddled with errors and working for this company was causing employees some PTSD and major ethical qualms. Turnover was high and people were fired left and right for questioning anything. In short it was a nightmare, but no-one outside those walls knew anything was wrong; they were charmed by Elizabeth Holmes and her vision. She charmed so many investors that soon she was worth over 5 billion dollars. Things started to unravel though as disgruntled former employees and disillusioned investors started opening up and the Wall Street Journal launched a major investigative piece into their company and practices. What they discovered was worse then they could have imagined. A roller coaster of crime and ambition. A must read!
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