Series: Sometimes The Rich Get Poorer
There are many false assumptions in life that go unchallenged. One of the more commonly held ones is the notion that the Rich Get Richer and the Poor get Poorer. In recent years there is the propagated myth of the "1%". which refers to some enduring wealthy class that maintains its elite status-then there is reality. That reality isn't lost on former business world superstar Elizabeth Holmes. Just one year ago, her blood testing company Theranos, was on top of the world. Theranos had allegedly developed a faster more efficient blood testing technology which would only require a finger prick. It had 500 employees and was valued at $9 billion. Making the Stanford drop out the worlds youngest female self made billionaire with a 50% stake worth $4.5 billion. Soon questions began to swirl after media reports cast doubt about the accuracy of her supposedly innovative testing machines. The charge was that only 15 of 240 test Theranos offers are from their flagship Edison