The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.
And that just goes to show:
The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.
The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
Elizabeth Holmes only got in trouble for lying to people who should’ve done their “due diligence”
The patients / families of the patients that Theranos lied to and mislead never got justice.
But after that 11 years didn’t she come out of prison still rich?
She went into prison in 2023 so she will be there for a while yet.
I don’t think her wealth is known exactly but she and her company lost billions during the scandal.
She married a hotel heir, she’s still doing fine.
I mean she stole from rich people so I hope she’s doing good