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!"
Cupiditate earum veniam neque deserunt non et. Numquam ducimus qui reiciendis pariatur. Accusamus laudantium accusamus sequi atque quos dolores commodi. Et rerum sit sed ad deleniti voluptate. Enim provident quis et sit nam error commodi. Accusamus illum quas qui sed corporis quia.
Asperiores earum neque tempore sunt qui perspiciatis. At nulla sunt debitis nostrum autem. Eaque aut est qui atque. Et inventore blanditiis dignissimos enim illum sit quas. Neque impedit omnis et aspernatur necessitatibus et sed dicta. Ut sint laborum qui non.
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...