Chris Weaver discusses the fallout of Elizabeth Holmes (Part 3)

Okay, Chris Weaver, you're part of the incredible reporting team at the Wall Street Journal that covered every last aspect of Elizabeth Holmes and Theranos and the unraveling and the whole trial that can kind of flowed from all of that. But we want to take this opportunity to kind of reset for folks who maybe are not as in tune to who she was and what she meant to the time. You know, for anyone who's wondering out there, who is Elizabeth Holmes, what should we remember about her? And I guess, why is she in prison now? Yeah. So, I mean, she was one of the hottest entrepreneurs at a time when Silicon Valley's role in our broader society was surging. Looking back at like 2013, 2014, before the kind of scandal emerged, she was on the COVID of Forbes and Fortune magazine, which in those days was kind of a big deal. There was a parade of healthcare executives coming through the Wall Street Journal newsroom talking about how fascinating and potentially wonderful Theranosis technology would be. What she had built this reputation and a multibillion dollar estimated worth on was a technology that she said could, from just a couple of drops of blood taken from a finger prick, test for hundreds of different conditions, basically replacing a lot of the work that companies like Quest and LabCorp do in the kind of routine administration of medicine. The idea was that this little box could be portable. It could be like in doctors offices and even homes, maybe one day in the field in like field clinics in Africa and stuff like that. And it would transform medicine all around the world. And the scandal was that it was fake. It didn't work. It didn't do what what she said it did what Theranos prominently advertised. Did it not work at all? I mean, was it like a total hoax? Or did it. Was it just like it worked, but maybe not the time. It, it never, it never did anything close to what the company essentially promoted that it could do. Okay, what it did do was about a dozen tests without reliable accuracy. And the, you know, the thousands of tests that there it is did run on actual humans using this device, mostly through their relationship with Walgreens, where they had, they had basically a testing center.