The story could have been different. Elizabeth Holmes, a 9-year-old girl, wrote a letter to her father one day saying that she would discover something that no one in the world ever thought was possible. Elizabeth Holmes was admitted to Stanford University after completing her secondary and higher education. Holmes, a chemical engineering student, dropped out of university in the second year after studying for a year on a scholarship. She made her dream come true in Silicon Valley’s famous “Dropout”. Established at the age of 19 Did A health-technology company called Theranos. Elizabeth, a young university dropout, smart, educated young woman, took the world by surprise with her medical technology startup.

Founded in 2003, Theranos had an initial institutional value of ৩০ 30 million, rising to ৯ 9 billion in 2014. Elizabeth Holmes made headlines in magazines and newspapers. Tell him Would have “Next Steve Jobs”. Elizabeth raised the bar of expectation so high with Theranos. But it became a problem. Which brought Elizabeth Holmes and Theranos down from the sky to the ground. What happened? The rest of the post is about that story.

That Theranos So much has happened to a medical test / diagnostic company. Theranos and its founder-CEO Elizabeth Holmes have said since the beginning that it is possible to perform thousands of medical tests with just a few drops of blood from a human finger with their own device. It will also cost very little, which will revolutionize the medical field. To enhance the company’s reputation and credibility, Elizabeth then cleverly presented Til as a rhythm in a variety of speeches. Meetings with big people.

Elizabeth claims that their blood-testing machines work at least 90 percent of the other blood-diagnostic machines on the market. Can, And a few drops of blood are enough. But whatever actually happened, Theranos machines could do very limited tests. The company modified the standard machines available on the market to test blood with them, and insisted that they were made on secret machines made with Theranos’ own technology. With one such exaggerated information, Theranos has raised millions of dollars. The company has digested it by fooling the investors.

This is not the end. Theranos himself used to talk about his false good relations with the US government. The company claimed that various types of blood tests were performed on the battlefield using Theranos technology Has done United States Army Although this claim was made on a large scale, it was actually used on a much wider scale Would not Therans device.

In the process, the report of the Theranos machine was once proved wrong. The company was then forced to repeat those tests. Correction of thousands of tests performed by their device called ‘Edison’ Reveals Theranos. They declared the test results wrong for almost two years.

In 2014, Theranos reported that the company made 106 million that year, but later revealed that their actual income was only লাখ 1 million. It even spreads fake testimonials from various high profile individuals / organizations Did He came up in the papers.

The company further announced that their revenue (revenue) in 2015 will be potentially ১ 1 billion. But as a government this expected amount of income was not possible. In 2015, the influential US newspaper Wall Street Journal leaked all of Theranos’ allegations in an investigative report. Gives. Many may have forgotten the story of Theranos during these years.

But in the words of those who say, “In the last rai of the masters.” The U.S. Securities and Exchange Commission (SEC) last week released a massive report against Theranos, the company’s CEO and president, for which Elizabeth Holmes was fined 800 million. For cheating.

SEC Reported, Elizabeth Holmes and her company Theranos have long raised money from investors with false information. Elizabeth Holmes was fined 800 million for the fraud. Elizabeth then came to an agreement with the SEC. He agreed to pay 500,000 in fines, but only on condition that Holmes relinquish his 16.9 million shares in Theranos. As a punishment, Elizabeth Holmes will not be an officer or director of any public company for the next 10 years. Further legal action may be taken against Elizabeth later.

Elizabeth Holmes, who became the world’s youngest female billionaire by hanging radishes on unrealistic devices to bring about a revolution in healthcare technology, has now reduced her net worth to zero. Gone. The Theranos Company did not have to go bankrupt, somehow survived. In 2016, it announced the retrenchment of 220 workers Gave, Which is 41 percent of the total workforce.

Now Elizabeth Holmes and her Theranos are known only because of their unprecedented scandal. Elizabeth Holmes may have dreamed of revolutionizing medical tests, but little Elizabeth’s Of dreams He and his organization could not even go near. Rather, this excellent-looking young woman now seems to have become another name for despair, whose intellect, eloquence, and grandeur have failed to live up to expectations. The word “cheating” is being pronounced with his name, which is very sad. But we must want Elizabeth’s dream to come true, even though it may seem like a dream come true.

What can we learn from Theronos?