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Today, Explained

Bad blood

Today, Explained

Vox

Politics, Daily News, News

4.3 • 10.3K Ratings

🗓️ 5 September 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

The scandal-plagued blood-testing startup Theranos is shutting down. The Wall Street Journal’s John Carreyrou chronicles the rise and fall of a $10 billion business built on lies. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Sarah Cliff, you're taking some leave from attorney leave to talk to me about your getquip.com

0:04.4

slash explained experience today and you brought young Max.

0:08.2

I brought Max.

0:09.2

Who seems to be doing well still?

0:10.2

He's doing pretty well in the podcast studio.

0:12.0

I think he's a natural for podcasting.

0:14.2

Can't wait to interview him about something.

0:15.5

Yeah, once he went to talk.

0:21.7

Silicon Valley really does have it all.

0:24.2

Free lunches, luxury shuttle buses to take it to work, they even got unicorns.

0:28.8

In Silicon Valley, a unicorn is a private startup that's worth more than a billion dollars.

0:41.9

Thereinos was a unicorn.

0:43.9

Elizabeth Holmes was its founder.

0:46.6

A healthcare pioneer is being compared to visionaries like Bill Gates and Steve Jobs.

0:51.1

This is a revolutionary company that threatens to change healthcare.

0:54.0

The same way that Amazon changed retail or Intel and Microsoft changed computing or Apple

0:58.0

yes, changed the cell phone.

0:59.5

It could be that huge.

1:00.8

Elizabeth Holmes is part of the new time 100 list just out.

1:05.6

Her mission is to allow blood testing in every drugstore at a fraction of Medicare costs.

1:10.9

Technology can and is transforming our world.

1:16.8

But this unicorn had a rough ride.

...

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