Elizabeth Holmes started the medical testing company Tharanos and promised innovative technology that would use a simple blood test to diagnose an unprecedented number of diseases. However, Holmes ended up facing criminal charges for fraud and her company, once worth $9 billion, no longer exists-why?

Question

Elizabeth Holmes started the medical testing company Tharanos and promised innovative technology that would use a simple blood test to diagnose an unprecedented number of diseases. However, Holmes ended up facing criminal charges for fraud and her company, once worth $9 billion, no longer exists-why?
A. Her blood tests actually injected patients with several dangerous infections 
B. Her blood tests diagnosed all patients with cancer, even if they were 100 percent healthy 
C. She sold her technology to investors as if it existed, but it did not 
D. Her technology was found to be faulty once it was put into use

GPT-4o mini · Answer

C. She sold her technology to investors as if it existed, but it did not.

Elizabeth Holmes and Theranos faced scrutiny because they claimed to have developed revolutionary blood testing technology that could run multiple tests with just a few drops of blood. However, it was later revealed that the technology was not capable of performing as promised, and the company misled investors about the effectiveness and reliability of their product. This led to charges of fraud against Holmes.