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Tag Archives: Theranos

Beware Of Those Selling “Technology”

“3. And they said to one another, ‘Come, let us make bricks, and burn them thoroughly.’ And they had brick for stone, and bitumen for mortar. 4. Then they said, ‘Come, let us build ourselves a city, and a tower with its top in the heavens, and let us make a name for ourselves; otherwise we shall be scattered abroad upon the face of the whole earth.’” Genesis 11:3-4 (NRSV) Technology Technology can be thought of as the development of new tools. New tools enhance productivity and...

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Live Stream: Russia, Iran and International Alliances To Take Center Stage At Mattis Confirmation Hearing

With two days of grueling confirmation hearings in the books, it's time for Retired Marine General James "Mad Dog" Mattis, Trump's pick for Secretary of Defense, to field some questions.  In his prepared remarks, Mattis is expected to emphasize the importance of international alliances and bringing "business reforms to the Department of Defense by instilling budget discipline."  Per The Hill: “We must embrace our international alliances and security partnerships. History is...

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Is 2017 The Year Silicon Valley Experiences The Dark Side Of “It’s Different This Time”?

Authored by Mark St.Cyr, With 2016 now in the rearview mirror. The one thing that was supposed to be included in that vision was the successful resurgence of IPO’s across “The Valley”. 2016 was supposed to be “the year” of the comeback for unicorn cash-out dreams after what can only be described as a “not as advertised” 2015. For if one needs remembering: 2015 was the worst year for tech IPO’s since 2009. Here’s another problem nobody...

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Frontrunning: December 6

Trump heads back out on road for 'thank you' tour (AP) For Europe’s Unity, 2017 Will Be a Year of Reckoning (WSJ) Oil dips as OPEC, Russian output rises ahead of production cut (Reuters) The Pessimist's Guide to 2017 (BBG) Donald Trump’s Message Sparks Anger in China (WSJ) Brazil’s Reform Plan in Disarray After Senate Chief Removed (BBG) China urges U.S. to block transit by Taiwan president (Reuters) Wooed by Trump, Taiwan Trembles (WSJ) SoftBank’s Son Said to Plan Meeting With Trump in New...

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Trump Said To Pick Retired Marine General “Mad-Dog” Mattis As Secretary Of Defense

Update: It appears the WaPo may be guilty of spreading "fake news." According to Jason Miller, Trump's communications director, "No decision has been made yet with regard to Secretary of Defense." No decision has been made yet with regard to Secretary of Defense. #TrumpTransition — Jason Miller (@JasonMillerinDC) December 1, 2016 * * * President-elect Donald Trump has chosen 66-year-old retired Marine General James N. "Mad-Dog" Mattis to be secretary of...

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Robertson Stephens Co-Founder Sues Theranos And Elizabeth Holmes For Fraud

In what is not the first lawsuit (and certainly won't be the last) by naive shareholders to go after former unicorn darling-turned-fraud Theranos, its founder Elizabeth Holmes, and COO Ramesh Balwani, the co-founder of prominent dot com investment bank Robertson Stephens, Robert Colman, accused Theranos and Holmes of making false and misleading claims about its operations and technology while soliciting money from investors. The pioneering Silicon Valley deal maker invested in the...

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Walgreens Sues Theranos, Seeks $140 Million

Remember the fraud that is failed unicorn Theranos and its similarly fraudulent founder - Clinton Global Initiative guest - Elizabeth Holmes? Perhaps not so much after last month's announcement by Holmes that her startup would be shutting down its core operations and firing 40% of its workers. However, while we understand her willingness to keep a low profile, the sins of her past are starting to catch up, and as the WSJ reported moments ago, drugstore giant Walgreen, sued Theranos - its...

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