Everand Logo

Welcome to Everand!

  • NPR

    Theranos, Blood-Testing Company Plagued By Scandal, Says It Will Dissolve

    The company was once valued at $9 billion. Founder Elizabeth Holmes and another former executive are now facing criminal charges, and Theranos says it does not have the cash to pay shareholders.
    by Laurel Wamsley Sep 05, 2018 2 minutes
    Theranos, the blood testing startup accused of an elaborate fraud, told shareholders it will be shutting down. Founder and former CEO Elizabeth Holmes, seen here in 2015, is facing criminal charges.

    Theranos — the Silicon Valley blood-testing startup whose former top executives are accused of carrying out a massive, years-long fraud — is shutting down.

    David Taylor, who became CEO in June, said Theranos will dissolve after it attempts to pay creditors with its remaining by , which published .

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR2 min read
    Tiny Desk Contest: Fan Favorite Vote
    We received nearly 7,000 entries to this year's Tiny Desk Contest. Cast your vote for your favorite entry from Top Shelf.
    NPR1 min read
    Colombia's President Says Ammunition Has Gone Missing From 2 Army Bases
    Colombian President Gustavo Petro said Tuesday that hundreds of thousands of pieces of ammunition have gone missing from two military bases in the South American country.
    NPR1 min readDiscrimination & Race Relations
    Why Is A 6-week Abortion Ban Nearly A Total Ban? It's About How We Date A Pregnancy
    The time a person has to decide whether to have an abortion in Florida and other states with six-week abortion bans is at most two weeks. Why? It's has to do with how we date early pregnancy.

    Related Books & Audiobooks