>Elizabeth Holmes, a Stanford University dropout once billed as the “next Steve Jobs” has forfeited control Theranos and will pay $500,000 to settle charges that she oversaw a “massive fraud.” >Theranos raised more than $700 million from late 2013 to 2015 while "deceiving investors
> Once considered the nation’s youngest female billionaire [...] Holmes kept strict control over her image, wearing only black turtleneck sweaters in public, much like Steve Jobs. >Theranos attracted extraordinary interest and loaded its board with huge names, including two former U.S. secretaries of state: Henry Kissinger and George Schultz.
Just $500k? How many blowjobs did she have to give?
Juan Long
That bitch looks a complete fucking psycho.
Andrew Collins
What the fuck does Elon Musk have to do with Steve Jobs? He is ten times as manly as Jobs, has a hundred times as much money, and is a thousand times more important.
Chase Jenkins
Those clothes do not suit her at all. They look ridiculous.
Dylan King
Is she actually going to go to jail or anything like that, or is she going to find a way to Hillary out of the charges? I mean, what happens to people like this?
Why the fuck would she go to jail for fraud? She just pays the settlement
Andrew Campbell
>raise $700,000,000 >get fined $500,000 I think you have your answer
Caleb Roberts
t. Soyboy
Levi Hughes
Even if she does go to jail it will just be a cushy white collar prison and she will keep more than enough of her assets to be set for life regardless. It literally does not matter much.
Daniel Long
She will have to sacrifice her firstborn to a satanic/jewish cabal of pedophiles in exchange.
Benjamin Butler
>500k How do they keep getting away with this
Lucas Cruz
kneepads
Kayden Long
This is why I asked. 700 million dollars, along with all the elements connected with her company trading publicly on the stock exchange, the pharma industry supporting her, etc....all of it from a false premise. And she gets fined 500,000...and...that's all?
How the fuck do they account for the rest of the 699,500,000$? Where does that money go? Do the investors get a refund? Why the fuck is she not in jail? I mean, she's not protected as a politician or high ranking official...she's a business owner. Help me to understand...
The money was spent on fat salaries for the well paid California employees, the executives, board members and what not Also equipment, rent, legal fees, designers, ads, whatever else they could think of. And of course various business expenses, like company phones, cars, credit cards, "business dinners", "business trips" and what not.
Most of the raised funds are probably still recoverable, she probably didn't use the $700 million. Some of the investments may be salvageable since it's probably mostly lab equipment. There are probably other things included in the settlement. Also just because it was an investment of $700 million that doesn't mean that they gave her all the money at once. Maybe most of it was safe from the grip of her vagina I still think blowjobs were involved too.
Luke Fisher
Shkreli was a witch hunt.
His investors made money, but he did use their money in ways they hadn't approved. In any other circumstance, nothing would happen to him. In some cases his investors tripled their money.
But they had to get him for a reason so they used whatever they could find.
I have IgA nephritis and Shkreli was the only person to look into a cure. He ended up developing a cure for a different kind of chronic kidney disease. I don't care if he would've charged $1, $50 or $1000 for it. My health insurance would pay for it. And there is no alternative.
Cameron Russell
Tesla will be bankrupt in 2 years tops
Robert Gomez
Holy shit shkreli must be so mad right now. #FREEMAHNIGGA
Jaxon Rodriguez
WOMEN WAS A MISTAKE
Tyler Rodriguez
this and they were obviously aiming for the pump and dump so you know a significant amount of the expenditures were spent on entertaining potential investors
Juan Gonzalez
Government wanted him in jail. This is borderline paranoid but I believe the government made sure no settlement could be reached. When you look at other cases of hedge fraud it seems so fishy
Gabriel Wright
Yeah sure. Heard this two years ago. And two before that. And two before that.
>EVERY ENTREPRENEUR CAN TAP what did they mean by this
Owen Sanders
Would they EVER have called a man "The next Steve Jobs" for what she did?
William Russell
all technology is fraud when you really think about it
David Garcia
She is basically broke. I wouldn't be surprised if her parents paid that $500k settlement for her. Yes she still has loads of common stock in Theranos but it's worthless, as the investors hold preferred shares and any remaining value in the company will be paid out to them long before she sees a penny. Also from wikipedia: >Holmes reportedly owes a $25 million debt to Theranos in connection with exercising options. Fucking kek this bitch might as well kill herself.
Julian Reyes
>tfw no silicon valley gf
Asher Baker
Burgers love to burn their money, so who cares.
Carson Gray
Kek, people pay in advance and stays in a queue to receive their cars for months.
Jack Nelson
That's not how it went. She faked the lab tests and said they were product of her technology.
Nicholas Harris
that's because there is no alternative all the alternatives are about to hit the market
Sebastian Hill
In 2 years, right?
Evan Sanders
S&P 500 - 5 years ago: 1560 S&P 500 - today: 2750
IBM stock - years ago: $219 IBM stock - today: $158
Doubt it. Major companies have been making electric cars for a while now, it's just they're all price gouging. Tesla is the only company that delivers cars at a reasonable price.
Hunter Wood
It's like being on the cover of one of these magazines is a fucking curse
>Tesla is the only company that delivers cars at a reasonable price.
lol. Tesla's are expensive as fuck. And you get really shitty quality for the money.
Tesla's are all about the range. And range is, let's face it, the #1 most important thing especially when nearly all your customers are coming from a petrol car. That's something competitors haven't managed to copy yet, but they are closing the gap.
btw: really wonder what Trump's trade war will do to Tesla.
Christopher Gray
Feel free to post their """successful""" predecessors and successors with a dick. Yahoo and HP fucked long before them
Chase Morales
I feel like something like this claim would have been relatively easy to verify.
Juan King
What qualifies as inexpensive to you?
Camden Mitchell
lmao she and shkrieli should go out MATCH MADE
Zachary Russell
I suspect the US military refuses to comment on any contracts they have.
At this rate I'll need to invest in a few ellipsis factories
Jaxon Gray
Tesla is only around because of all the government grants they pump into it
"Green" car, that runs of fucking coal
Luke Reed
Something like that would probably become declassified quite easily in order for the Department of defense to save their own hide PR wise.
David Brooks
Every company does this
However they have the good business sense to actually make money from time to time compared to never at all
Jaxon Barnes
Alright I'll admit, HP got destroyed by Leo Apotheker, but it's obvious the guy wasn't ever working for HP, he was intentionally sabotaging it on behalf of his previous employer, SAP, and perhaps even the German/EU gov't.
He could not have been so inept, it must have been malicious intent.
All electric cars are expensive. Where did I say otherwise?
But a Tesla costs about twice as much as a competitor car. You do also get twice the range, but you still only get one shitty plastic interior.
Dominic Powell
Imagine having to continuously look her in the eyes during a serious business meeting
Cameron Morgan
I'm not even the same user, I was just wondering at what price point do you no longer consider it to be expensive
Ryan Green
The US military is open about it now. That's why she's getting that fine.
I thought you were asking about stock traders calling the US military to verify if company X has a military contract or not, before investing in said company X.
Henry Hughes
Why do you care what I think?
But if you must know: it all depends on cost of ownership, can't give a single price. For example: what are local taxes like? is the battery included? what's the warranty period?
Thomas Carter
> Chronicles of brainlet normies in power positions
Aaron Hall
stop evading his question and give a ballpark
Ayden Wright
Ja, ich spreche Deutsch. Was willst du?
Aaron Bennett
no
Isaac Lee
Kannst Du mich verstehen?
Blake Moore
Kannst du translate "der neue Steve Jobs" ich nichts verstehen
Jose Wright
Same as a normal car
Kevin Thompson
>fix gm Kill Buick, merge gmc with chevrolet, stop bothering with rebadged suzukis and bring back saturn
Jaxon Morgan
The fantastic Steve Jobs
Samuel Hughes
$50-60k then
Nathaniel Russell
Who is the bastard behind this takeover maneuver? You can't deny the heavy marketing campaign ongoing since years against that company, and is no surprise knowing what kind of technology is at stake here.
It's fun when women reach levels where there aren't any competent men covering for their mistakes. Women are only for having children and they even fucked that up.
Jonathan Evans
Steve Jobs is one of the greatest marketing minds of all time.
So good in fact he tricked retards into thinking he is in any way technical.
Jordan Perez
That's because no women would sleep with him. They are all brain-dead libtards who won't sleep with a man who murders AIDS victims in his basement. He had no other options. Doubt he had any real friends either since he was pretty much streaming 24/7 arguing with strangers online.
Robert Reed
this is a non-story, all big corporations, especially in health care, pharma, finances are fraudsters. $700m is peanuts to them.
David Torres
Is elon next? Is he buying up memetic writers so he can say : I was just joking bro.. it was just a prank bro?
It's almost like the law affects rich and poor people differently.
Luke Hernandez
the cover text says: "The new Steve Jobs" "The secret of success of the Tesla founder, who wants to revolutionize the car industry, space travel and energy economy for the benefit of mankind"
Adrian Bell
>"der neue Steve Jobs" >not "der neue Steve Arbeiten" krauts getting lazy with the loanwords
Ayden Rivera
"The secret to the success of the Tesla-founder that plans to revolutionize the automotive, space and energy industry for the good of humanity."
Jacob Rivera
>the “next Steve Jobs” >a “massive fraud.” Sounds about right.
I don't understand what the complaint is- it seems more valid than ever.
Carson Allen
Jobs scammed Goyim She scammed Jews
Dominic Anderson
At least I know why they're nailing her to the fucking cross now.
Dominic Flores
>make millions >pay 500K fine
Seems like a win
Isaiah Russell
But Apple did get the final product out on the market 6 months later without those issues.
And it was the first phone to use a capacitive touch screen, and it did have a UI with full GPU acceleration, at a time when Nokia did not even include a GPU in their SoCs at all.
It took Nokia two years to release a touch screen competitor (5800 and N97), both of which used deprecated resistive touch screens and had laggy, almost unusable interfaces. Even today, Android cannot match the smoothness of iOS because Android does not fully use the GPU for the UI, due to terrible coding and memory overhead that would cripple budget phones.
It's not really a fraud when technology from 2007 in some ways remains unmatched even today.
