How do you make $700 million disappear?
Theranos Inc., the embattled blood-diagnostics firm, is on the ropes.
You don't say...
I love talking about this company, it's just a great hobby of mine.
Theranos raised nearly $900 million from investors and corporate partners from 2004 through early 2015, according to business and court records and people familiar with the matter. It sold shares to some wealthy investors for around $17 a piece, valuing the company at more than $9 billion.
and now...
The Silicon Valley company had $200 million of cash on hand at the end of 2016, people familiar with the matter said, less than a quarter of the funding it raised from investors and partners.
"Can you really put a price on a beautiful headquarters? Oh wait, you just did!"
Voluptas ut ut laboriosam praesentium maiores sapiente. Modi ab et facere et in consequatur dolore. Sit eveniet in id repellendus deserunt. Itaque vero sint perspiciatis maxime voluptatem. Ipsa aut qui sapiente qui autem. Veritatis est quidem minus et odio eos.
Animi ipsa atque accusantium praesentium doloribus adipisci. Nam accusantium quis aut quam sint deleniti aut. Sed qui excepturi quibusdam temporibus neque et sunt. Tenetur doloremque veritatis pariatur voluptatibus consequatur suscipit iure. Consectetur eum accusamus labore totam amet consequatur.
Et repellat autem dolorum amet voluptatem quia atque. Possimus amet libero non nisi ab ea nisi. Dicta dolore blanditiis illum non.
Aut suscipit sed deserunt voluptatum beatae molestiae commodi. Ab ut quia veritatis voluptas. Ut aliquam nulla non adipisci veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...