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The Big Flop

Theranos: Silicon Valley's Bloodbath with Kathleen Madigan and Heather McDonald | 14

The Big Flop

Wondery

Society & Culture, Comedy, Business

4.6884 Ratings

🗓️ 18 December 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

More than a few vials of blood were spilled in the unbelievable story of Theranos. Its CEO, Elizabeth Holmes, took the world by storm with the promise of a device that was going to change medicine forever. Instead, she endangered patients and defrauded investors. In the end, the only thing Holmes invented was her persona, and even that involved a lot of stealing. Oh, and green juice. It took a lot of green juice.


Comedians Heather McDonald (Juicy Scoop with Heather McDonald) and Kathleen Madigan (Kathleen Madigan: Hunting Bigfoot) join Misha to get the lowdown on Elizabeth Holmes and her gory demise.


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Transcript

Click on a timestamp to play from that location

0:00.0

Wondery Plus subscribers can listen to the Big Flop early and ad-free.

0:05.3

Join Wondery Plus in the Wondery app or on Apple Podcasts.

0:19.7

Fluorescent lights cast an eerie glow on the faces of worried executives.

0:25.1

The country's most powerful and connected men have assembled for battle.

0:29.3

They include two former secretaries of state, a former senator and chairman of the Armed Services Committee, and, just for fun, a former Defense Secretary

0:40.3

of the United States. Normally, a group like this would only come together in the middle of a

0:46.5

global conflict. Instead, they're trying to do damage control for a medical tech company.

1:01.0

This is the war room at Theranos. Helmed by Elizabeth Holmes,

1:08.1

the charismatic founder and CEO, Theranos, is known for a revolutionary health care device that promises to easily and accurately diagnose diseases.

1:13.5

But its ability to deliver on that promise is suddenly being questioned in an expose.

1:20.3

Holmes guzzles green juice. The men drink coffee. Their plan of attack? Holmes has to fight back.

1:27.0

Her battlefield, CNBC's Mad Money with Jim Kramer.

1:31.3

Elizabeth, I have to tell you, in all my years, I can't recall a private company

1:36.3

that I have to, can't believe that any have never heard of, getting this kind of attention and scrutiny.

1:41.3

What do you think's going on here?

1:42.3

This is what happens when you work to change things.

1:46.1

And first they think you're crazy, then they fight you,

1:49.3

and then all of a sudden you change the world.

1:52.3

Much like her blood testing device, the appearance doesn't work.

1:55.8

And there's no war room in the world that can protect the phony fortress

2:00.1

that is Phara mouse.

2:08.7

In 2016, after a series of surprise inspections, federal regulators shut down the company's laboratory.

...

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