A mistrial was declared for three counts in the Elizabeth Holmes trial.
New York Times
Theranos CEO Elizabeth Holmes has been found guilty of conspiracy to defraud.
Whistleblowers alerted the WSJ that Theranos' blood-testing technology didn't work.
Holmes' fraud was enabled by the era of advocacy journalism; prioritizing a progressive narrative over objective research built her image and made her product credible.
Silicon Valley is dominated by a toxic entrepreneurial culture where investors have no incentive to expose fraud.