Slashdot Mirror
Forbes Just Cut Its Estimate of Theranos CEO Elizabeth Holmes's Net Worth From $4.5 Billion To Zero (qz.com)
It wasn't long agon when Elizabeth Holmes, the founder and CEO of Theranos, was regarded as one of the U.S.'s most successful female entrepreneurs with Forbes estimating her net work to be $4.5 billion. Thanks to all the evidence that Theranos' technology is largely a gimmick and false advertising, the publication has revised that figure to essentially zero, reports Quartz. From the report: Last year, Forbes pegged its value at $9 billion, based on the sale of stakes to investors. Since that lofty estimate, Theranos has been battered by bad news (paywalled; alternate source), starting with reports in the Wall Street Journal in October that its tests were inaccurate. That triggered an inquiry from the federal Centers for Medicare and Medicaid Services, which proposed banning Holmes from the industry. Forbes went back to its slide rule and, after talking to venture capitalists and industry experts, recalculated Theranos' value at $900 million, based on its intellectual property and money it has already raised. "At such a low valuation, Holmes' stake is essentially worth nothing," Matt Herper writes. That's because Theranos' other investors own preferred shares, and since Holmes owns common shares, they would get paid first if the company were forced to liquidate.
Just thought I would be the first, though certainly not the last.
SJW's don't eliminate discrimination. They just expropriate it for themselves.
I considered writing a fantasy novel including a society in which it is considered un-manly for men to lie, as women lie so fucking much; but I couldn't figure out how people in such a society would realistically react to an honest woman.
In most societies, the cross-over gains a lot of negative attention; even in fantasy, you have societies where men eat piquant food and are seen as performing a social taboo if they eat sweet fruits and jams because that is womanly. The opposite is true as well, with strong-minded women, tomboys, and other such social constructs ranging from readily-accepted deviation to scandal; in Elantris, for example, fencing was considered a woman's sport in Teod, while it caused a huge spectacle when a Teoish girl introduced the sport to women in Arelon, mainly because she was bored of needlepoint and other girly bullshit.
Defining something as distinctly un-manly because it's a thing that defines how women act tends to draw more attention when someone breaks from the norm. I still don't know how to portray that, because the thing I defined is so alien to any society.
Support my political activism on Patreon.