FMP

FMP

Enter

Elizabeth Holmes, the founder and former CEO of Theranos, is heading to trial on September 8, with lawyers scheduled to select juries on Tuesday to decide the f

Once youngest female self-made billionaire, Elizabeth Holmes, is heading to trial.

- (Last modified: Dec 19, 2023 5:49 PM)

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Elizabeth Holmes, the founder and former CEO of Theranos, is heading to trial on September 8, with lawyers scheduled to select juries on Tuesday to decide the fate of the 37-year-old entrepreneur, who is charged with wire fraud and conspiracy.

Theranos reached a valuation of $10 billion in 2015, having around 800 employees and making Holmes the youngest self-made female billionaire.

Holmes, a Stanford dropout, who founded Theranos to revolutionize health care using a desktop analyzer that could perform a full range of accurate and reliable diagnostic tests using just a drop of blood, is now facing 20 years in prison.

According to prosecutors, Holmes misled investors and patients about the company’s technology, raising over $700 million worth of funds from VCs and private investors. Holmes pleaded not guilty and proclaims her actions were not to mislead them.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 25, 2023 2:31 AM - Parth Sanghvi

Decoding the Discounted Cash Flow (DCF) Model: A Comprehensive Guide for Strategic Investment Analysis

Introduction: The Discounted Cash Flow (DCF) model stands as a cornerstone in investment analysis, offering a robust framework for estimating the intrinsic value of an investment. In this comprehensive guide, we delve into the fundamentals of DCF analysis, providing step-by-step instructions, key...

blog post title

Jan 4, 2024 1:56 AM - Parth Sanghvi

Optimizing DCF Model Accuracy: Advancements through Big Data and AI Integration

The Discounted Cash Flow (DCF) model remains a cornerstone in financial analysis, offering a strategic way to assess the intrinsic value of an investment. With advancements in technology, the integration of Big Data and Artificial Intelligence (AI) presents a transformative approach to enhance the p...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep