Two theories:
reply* It was off-the-charts brazen, and amazing that so many prestigious people got behind it, and that it took so long for anyone blow the whistle/notice that the impossible product didn't in fact exist.
* Sexism.
If you want me to believe #2, I would like to hear what you think are the more comparable cases which don't get bought up as much as this one.
Tech? Not the health sector?
replyThe "tech" sector label is a fraud in its own right.
replyIt makes sense to have a separate label for companies that develop software. They have a unique investment appeal because their cost of production doesn't increase with units sold, so higher PE ratio if growing.
For "some reason" Netflix isn't priced as a media company. Tesla isn't priced as manufacturing.
That's fair, I guess it depends on how you divide it.
replyTheranos was first funded and mentored by Tim Draper of Draper Fisher Jurvetson. She's 100% tech.
replyIt's hard to forget when the "pretty rare" (citation needed) case was also shoved down your throat by the fawning media for 5 years first.
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