Saturday, November 19, 2022

Elizabeth Holmes gets more than 11 years for Theranos scam

Elizabeth Holmes, who was CEO throughout the company's turbulent 15-year history, was convicted in January in the scheme, which revolved around the company's claims to have developed a medical device that could detect a multitude of diseases and conditions from a few drops of blood. But the technology never worked, and the claims were false.

from Tech-Economic Times https://ift.tt/p0l6iM2

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Zetwerk IPO: Size, valuation, timeline and other details we know so far

Zetwerk is preparing to confidentially file IPO papers to raise up to $550 million at a $4 billion valuation, including fresh equity and OFS...