John Carreyrou

The full inside story of the breathtaking rise and shocking collapse of a multibillion-dollar startup, by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers. In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work. For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company's value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.

The full inside story of the breathtaking rise and shocking collapse of a multibillion-dollar startup, by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers. In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work. For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at The Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company's value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley.

Historia ogromnego oszustwa, opowieść o ambicji i nieposkromionej pysze. Założycielka i prezeska Theranosa Elizabeth Holmes była powszechnie uważana za Steve'a Jobsa w spódnicy. Rzuciła studia, a jej firma miała w 2014 roku zrewolucjonizować przemysł medyczny dzięki maszynie, która znacznie usprawniłaby badanie krwi. Inwestorzy oszaleli: podczas kampanii finansowania wyceniono Theranosa na kwotę 9 miliardów dolarów, a wartość udziałów samej Holmes wynosiła 4,7 miliarda. Był tylko jeden problem: technologia nie działała. Założenie technologiczne, które leżało u jego podstaw – że najważniejsze informacje zdrowotne można wyczytać z jednej kropli krwi przy użyciu przenośnego urządzenia – okazało się kłamstwem. Carreyrou opisał zapierający dech w piersiach rozkwit i równie szokujący upadek wartego kilka miliardów dolarów start-upu w dziedzinie biotechnologii. Nagradzany dziennikarz jako pierwszy dotarł do sedna tej historii i opowiedział ją do końca, mimo nacisków ze strony charyzmatycznej założycielki i gróźb jej prawników.