Theranos - The Fraud That Put Lives At Stake

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StriveX Podcast

14 episodes

5 days ago

Technology is moving at a rapid rate, and there are new innovations coming out each day. However, there are scams lurking across the Internet which is why the staff at StriveX are here to discuss, interview, and inform people about the scams on the Internet and dangers as well as benefits of technology. This is everything tech, here at StriveX, led by CEO Shaurya Sharma and CFO Arjun Verma.

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Theranos - The Fraud That Put Lives At Stake

StriveX Podcast

15 minutes 5 seconds

2 years ago

Theranos - The Fraud That Put Lives At Stake

In the sixth episode of the StriveX Podcast, CEO Shaurya Sharma and CFO Arjun Verma talk about Theranos, a health technology company that was dedicated to revolutionizing the healthcare industry. The company claimed that their machines could make testing blood for diseases faster, more affordable, and more accurate, by devising blood tests that required a prick of blood. However, what they didn't know is that a single report could expose their entire plan as fraudulent, and come to find out, they were producing inaccurate results with their machines. They were essentially gambling with people's lives, and putting them at stake. From what was once a company worth $10 BILLION dollars, now has their "Next Steve Jobs" CEO convicted of wire fraud, and she is about to spend 11.25 years in prison. Learn all about Theranos in this episode, such as the background, the rise and fall of the company, and our thoughts on this situation. This is just the beginning of what is to come, and there will be more topics covered, similar to this, in future episodes of the podcast. Stay tuned!

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