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WSJ's profile
The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

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Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ Sep 5

    Theranos will shut itself down. All told, investors in the embattled company have lost nearly $1 billion.https://on.wsj.com/2ML3Lum 

    3:30 AM - 5 Sep 2018
    • 313 Retweets
    • 345 Likes
    • KattyKissem Beltway Panda music & guns Jay Hutchings Soha Ali TheShipsHaveSailed K.A.M. Sweet T! Adriano Fabbi
    70 replies 313 retweets 345 likes
      1. New conversation
      2. Zenyatta Mondatta‏ @rockyreems Sep 5
        Replying to @WSJ

        Serves them all right for being such suckers in the first place and believing the fantasies espoused by Elizabeth Holmes in the first place. If Silicon Valley VC's and investors have billions to throwaway. It's always welcome.

        4 replies 0 retweets 18 likes
      3. Vikram Bath1 👻‏ @vikrambath1 Sep 5
        Replying to @rockyreems @WSJ

        All of us lose though. That money could have been invested in something that actually could have helped people. Instead, it went to grifters

        1 reply 3 retweets 28 likes
      4. 1 more reply
      1. New conversation
      2. Paul Roiger‏ @pauljroiger Sep 5
        Replying to @WSJ

        Part 2 Liz and Sonny go to jail.

        1 reply 1 retweet 16 likes
      3. Malie Collins‏ @malie_collins Sep 5
        Replying to @pauljroiger @WSJ

        Sounds like a reboot of 'Harold and Kumar Go To White Castle'...

        1 reply 0 retweets 1 like
      4. 1 more reply
      1. Medical Device Guru, LLC‏ @MedDevGuru Sep 5
        Replying to @WSJ

        Translation: "We ran out of investors, customers and patients to defraud. Guess we have to shut down now. Can we give the money we just borrowed a few months ago to somebody else?"

        0 replies 0 retweets 11 likes
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      1. Debbie Aldrich  🇺🇸 ❌‏ @DebbieAAldrich Sep 5
        Replying to @WSJ

        I thought this happened some time ago after fraud was expose. Elizabeth Holmes should go to jail, fraud, cheating...

        0 replies 1 retweet 3 likes
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      1. James‏ @joon0u Sep 5
        Replying to @WSJ

        Someone pass the Kleenex....

        0 replies 0 retweets 7 likes
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      1. New conversation
      2. eric‏ @emitchelbrown Sep 5
        Replying to @WSJ

        If she'd have founded Theranos during the Trump Administration, she'd probably be making a billion dollars.

        1 reply 0 retweets 2 likes
      3.  🧐‏ @monocless Sep 5
        Replying to @emitchelbrown @WSJ

        Yet the company literally took in 10 billion dollars under the Obama Admin. Your tweet is a shining example of derangement.

        2 replies 0 retweets 1 like
      4. FM182‏ @kevans182 Sep 5
        Replying to @monocless @emitchelbrown @WSJ

        I know this reply has zero to do with the subject but your profile pic is hilarious.

        1 reply 0 retweets 1 like
      5.  🧐‏ @monocless Sep 5
        Replying to @kevans182 @emitchelbrown @WSJ

        Thanks! Gimme’ the gold! 😜

        0 replies 0 retweets 1 like
      6. End of conversation
      1. Michael Bentley‏ @MPBentley Sep 5
        Replying to @WSJ

        @Gladwell good reflection in your #RevisionistHistory S3 podcast with @worklife @AdamMGrant re contrast Enron (info in the 10K) & Theranos. PS really enjoy your podcasts, thank you for doing them!

        0 replies 0 retweets 3 likes
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      1. Diana Diaz‏ @diazhostess Sep 5
        Replying to @WSJ @SaiGonSeamus

        That took so much longer than it should have.

        0 replies 0 retweets 4 likes
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      1. Evan Simon‏ @EvanSimon7 Sep 5
        Replying to @WSJ

        Can’t wait to hear a @thedollop about this

        0 replies 0 retweets 3 likes
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      1. New conversation
      2. SJC‏ @SJC03518204 Sep 5
        Replying to @WSJ

        Great. Another corporate scam. Where is the SEC and why does this keep happening? And we need less government regulation? Right.

        1 reply 0 retweets 1 like
      3. Julie Berry‏ @ThreeDimen Sep 5
        Replying to @SJC03518204 @WSJ

        They weren’t publicly traded. The investors who lost money were wealthy people who absolutely should have known better.

        1 reply 0 retweets 0 likes
      4. SJC‏ @SJC03518204 Sep 5
        Replying to @ThreeDimen @WSJ

        Even non-public stock issues have to go to the SEC. Don’t know all the regulations on investment size, etc. I do know because I have an investment of this type and it had to go to the SEC, even though it is a private offering through a PE company.

        1 reply 0 retweets 1 like
      5. Julie Berry‏ @ThreeDimen Sep 5
        Replying to @SJC03518204 @WSJ

        They’ve been charged by the SEC. Their money was all raised from accredited investors. If you’re worth as much as her investors were, and don’t ask for a set of audited financials statements, that’s on you.

        1 reply 0 retweets 2 likes
      6. SJC‏ @SJC03518204 Sep 5
        Replying to @ThreeDimen @WSJ

        Not sure of all investment laws in place now. Obviously, before you invest in anything, you need to study it carefully.

        1 reply 0 retweets 0 likes
      7. 1 more reply

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