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Elizabeth Anne Holmes (born February 3, 1984) is an American businesswoman convicted of fraud in connection with her health technology company Theranos.[2] Holmes founded Theranos in 2003, and its valuation soared in the early 2010s after it claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a fingerprick.[3][4] In 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in the United States on the basis of a $9-billion valuation of her company.[5] In the following year, as accusations of fraud about Theranos's claims began to surface, Forbes revised its estimate of Holmes's net worth to zero,[6] and Fortune named her in its feature article on "The World's 19 Most Disappointing Leaders".[7]

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Roger

What game were they referencing in the pre-show shenanigans?

Gilmore Snout

If he spelled Irish as Éireann, he accidentally looped back to correct

Roger

*facepalm* I am such an idiot. I saw that Direct and everything. Of course it is that game

Atheismoe

Get well soon Tom. I love that Eli is writing more episodes, the heart and soul of the podcast

B. King

Fun fact: This fraud is what led a Walgreens and Safeway medical center deal to fall through. The then CEO of Safeway was a big believer in healthcare access and community centers being an avenue for things like cancer/diabetes/sti screenings. He thought Theranos was working because they and Walgreens presented all the fake data. Safeway was left with huge debt from that, which led to Albertson's being able to buy them. So our lack of competition in grocery and Albertson's being able to strongarm unions, push out small grocers, and fix prices in massive regions of the US. You can thank the fraud that happened here.

Nate B

Fucking yikes.

FRED R GROOTHUIS

I was not the greatest in the sciences as my failure to achieve one A grade in my initial 2 years of college with a Chemistry major. However I did end up doing tax work for a bio-tech business start-up involved in developing blood test for early diagnosis of lung cancer. Millions of dollars and years to develop and prove through rigorous double blind testing. I remember when I first heard of Theranos I asked the president of the company what he thought about it and he sighed saying it cannot possibly be true, it’s a fraud fir certain and shook his head in disbelief at Walgreens and Safeway while his company struggled to raise capital.