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(CNBC)   Elizabeth Holmes would prefer the jury not hear about her $980 Gucci turtlenecks   (cnbc.com) divider line
    More: Dumbass  
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2495 clicks; posted to Business » on 22 Nov 2020 at 4:50 AM (11 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-11-21 10:56:46 PM  
The suspense is killing me. What did her $980 turtleneck own that her lawyers don't want the jury to hear about?
 
2020-11-22 12:21:09 AM  
The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.
 
2020-11-22 12:44:01 AM  
I wish I didn't know about her farking turtleneck fetish either. But here we are.
 
2020-11-22 2:10:30 AM  
Who cares?  She's a successful, funny actress and can wear what she wants.  She's earned it.  I had NO idea she was Effie Trinket, until I saw the credits.
 
2020-11-22 3:12:15 AM  
i.pinimg.comView Full Size
 
2020-11-22 5:46:15 AM  
We need to encourage dumb people spending their money on useless shiat. It helps keep the economy moving while I hunker in my bunker making my own booze in my basement.
 
2020-11-22 5:51:28 AM  
Lots of carnage from this debacle. Several retailer spent a metric shiat ton of money preparing to offer Theranos testing.
 
2020-11-22 6:55:29 AM  
Let's see, is she accused of fraud? Yes.
Did she pay herself a crazy high paycheck using that fraud? Yes.
Does this go to showing motive? Yes.

Then it's probably relevant to the case.
 
2020-11-22 7:18:46 AM  

Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.


I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

The Inventor: Out for Blood in Silicon Valley (2019) | Official Trailer | HBO
Youtube wtDaP18OGfw
 
2020-11-22 7:32:11 AM  

phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]


The VCs were idiots.  How about, " here's small samples from a rack of conventionally tested blood samples...now in person, show the sample going into the machine and results coming out real time. Until then, F off." .

But no...men + blonde woman == take my money

The "partnering" institutions w/Theranos were also aware it was BS before stuff came down but were repeatedly told the results were held up by equipment issues or manufacturing glitches and would they hold on please.  I think there were also $ passed there too but not a lot.
 
2020-11-22 7:49:23 AM  
I have a coworker with that exact same name. The coworker is much, much dumber.

\and several orders of magnitude uglier
\\physically and mentally about as swift as cold molasses
 
2020-11-22 8:01:57 AM  
She stole from rich people.  She's farked.  She should have founded a title loan company.  Nobody cares if you steal from poor people.
 
2020-11-22 8:13:18 AM  
God cnbc sucks. This article makes it sound like she's being investigated for paying her assistants to do her shopping.
 
2020-11-22 8:24:29 AM  

Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.


"Move fast and break stuff" isn't really a great approach to medical technology
 
2020-11-22 8:28:06 AM  

phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]


Note that the wise old professor was a woman, and the one who quit his tenured position to join her company was a man.  And hero board was literally a who's who of the old white men who ran the military industrial complex including Sec.Mattis, and Henry farking Kissinger
 
2020-11-22 8:57:58 AM  

phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[YouTube video: The Inventor: Out for Blood in Silicon Valley (2019) | Official Trailer | HBO]


You fail to take into account the she was a moderately attractive blonde with a fake deep voice, and VC's are mostly horny old men.
 
2020-11-22 9:53:12 AM  

Nonpo: This article makes it sound like she's being investigated for paying her assistants to do her shopping.


That was one of my takeaways too. Lots  of execs have personal assistants to run errands for them. It's more efficient for the company than having your decision maker picking up dry cleaning.

The HBO movie was fascinating.
 
2020-11-22 9:57:54 AM  

Tyrone Slothrop: You fail to take into account the she was a moderately attractive blonde with a fake deep voice, and VC's are mostly horny old men.


Wait... people liked her voice? It's positively grating. If I were a VC, I could see myself specifically not funding her because I didn't want to listen to her anymore.
 
2020-11-22 10:30:28 AM  
Well, you see, it's 98 times better than a $10 sweater.
 
2020-11-22 10:30:49 AM  
*turtleneck

// whatever
 
2020-11-22 10:33:11 AM  

Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.


"Roll the dice"
She knew that the tests didn't work.  Her staff fabricated data, the marketing staff sold it.  What is worse is that congress deregulated medical diagnostics in the US, so all of that was perfectly legal.  What got her in the end was lie to the wealthy about the companies worth.
Medical diagnostics are still deregulated today, it's insane.
 
2020-11-22 10:50:45 AM  

Nonpo: God cnbc sucks. This article makes it sound like she's being investigated for paying her assistants to do her shopping.


She is being tried for defrauding investors.  Misusing company money/personnel/resources is fraudulent use of investors' money.
 
2020-11-22 11:09:56 AM  

jaytkay: Nonpo: God cnbc sucks. This article makes it sound like she's being investigated for paying her assistants to do her shopping.

She is being tried for defrauding investors.  Misusing company money/personnel/resources is fraudulent use of investors' money.


Depends on what her contract says, but I suspect that it would be common for a multi-billion-corporation CEO to have a provision in there that the company provides assistants to do personal errands. Perks.
 
2020-11-22 11:23:00 AM  

phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[YouTube video: The Inventor: Out for Blood in Silicon Valley (2019) | Official Trailer | HBO]


The HBO doc was really well done and so was the ABC News podcast. However the book really lays all of the details out there and the whole story is even more rage inducing after reading it.
 
2020-11-22 11:24:18 AM  

Tyrone Slothrop: phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[YouTube video: The Inventor: Out for Blood in Silicon Valley (2019) | Official Trailer | HBO]

You fail to take into account the she was a moderately attractive blonde with a fake deep voice, and VC's are mostly horny old men.


Also, many technical men called her on her bullshiat, but were then blasted for being sexist.  it was used as a cover.
 
2020-11-22 11:28:40 AM  

Magorn: phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]

Note that the wise old professor was a woman, and the one who quit his tenured position to join her company was a man.  And hero board was literally a who's who of the old white men who ran the military industrial complex including Sec.Mattis, and Henry farking Kissinger


There's a lot of kids who if you asked their neighbors and family friends about they would say, "they're a smart, hardworking kid who will be successful". The difference between her and 99.99% of kids is she was born into a rich influential family. So her neighbors and family friends all had a shiatload of money to burn and knew other rich people.

One or two of these family friends starts investing some money in her company (small amounts for them and getting in early means greater growth potential) and now she can go to others and say, "look who trust me". So then more people start investing because others are doing it and nobody wants to look at the details because they trust that the other rich and influential people did their die diligence.
 
2020-11-22 11:46:25 AM  
When you look at something billion dollar multinational Siemens is doing and think "No, it's them who is stupid", you should take a look in the mirror and check your math.
 
2020-11-22 11:49:14 AM  
Even her crazy eyes have crazy eyes.
 
2020-11-22 12:29:37 PM  
Fark user imageView Full Size

Fark user imageView Full Size
 
2020-11-22 12:35:54 PM  

Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however


She's one of those people like Al Capone, who make you wonder, "Imagine if all that talent and energy and cunning were turned towards good instead of bad."
 
2020-11-22 12:52:58 PM  
It's a good thing she got a reasonable deal, because a $1,000 turtleneck would have been ridiculous.
 
2020-11-22 1:02:09 PM  

phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]


Remember, her father was part of the Enron cabal, and her neighbor was VC big-shot Tim Draper who "vouched" for her to other VCs, which gave her cred that no ditzy blonde with zero educational experience in a field that required extensive educational experience could command.
 
2020-11-22 1:03:27 PM  
"In the motion, defense attorneys claim that the prosecutors' motive argument is based on the assumption that Holmes' luxurious lifestyle may have motivated her to "commit fraud to acquire or maintain that lifestyle." "

Fark user imageView Full Size
 
2020-11-22 1:03:47 PM  

ImpendingCynic: It's a good thing she got a reasonable deal, because a $1,000 turtleneck would have been ridiculous.


I have three 25-year old turtlenecks from The Gap that I got for $8 each (family discount plus sale price).
 
2020-11-22 1:06:03 PM  

Ray_Finkle: Magorn: phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]

Note that the wise old professor was a woman, and the one who quit his tenured position to join her company was a man.  And hero board was literally a who's who of the old white men who ran the military industrial complex including Sec.Mattis, and Henry farking Kissinger

There's a lot of kids who if you asked their neighbors and family friends about they would say, "they're a smart, hardworking kid who will be successful". The difference between her and 99.99% of kids is she was born into a rich influential family. So her neighbors and family friends all had a shiatload of money to burn and knew other rich people.

One or two of these family friends starts investing some money in her company (small amounts for them and getting in early means greater growth potential) and now she can go to others and say, "look who trust me". So then more people start investing because others are doing it and nobody wants to look at the details because they trust that the other rich and influential people did their die diligence.


Sorta the same story with how Trump got to the White House. Zero due diligence, just wealthy sheep following other wealthy sheep.
 
2020-11-22 1:07:39 PM  

dericwater: phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]

Remember, her father was part of the Enron cabal, and her neighbor was VC big-shot Tim Draper who "vouched" for her to other VCs, which gave her cred that no ditzy blonde with zero educational experience in a field that required extensive educational experience could command.


When I was younger, I rolled my eyes at Roddenberry's concept of the future wherein wealth was abolished and people made strides to improve themselves and everything around them.  People like Holmes, Zuckerberg, Bezos, and the like have made me realize his vision should be reality.  As others pointed out upthread, she and her ilk attacked anyone who questioned her or started to point out the bullshiat.  We have a problem in our society wherein wealth equates intelligence, which in turn becomes a shield and creates cult-like behavior.
 
2020-11-22 1:27:43 PM  

jaytkay: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however

She's one of those people like Al Capone, who make you wonder, "Imagine if all that talent and energy and cunning were turned towards good instead of bad."


Moist Van Lipwig was a fictional character, and required Vetinari to use lethal force to set him right.  If you can get a Vetinari to be a "benevolent dictator" than you can put the Holmes of the world to good use.  I'm not holding my breath waiting for such a person.  And I doubt Holmes is quite at Moist's level, especially now that everyone knows she's a fraud.

I'm not sure what legit profession Al Capone would be good at.  Maybe football coach.  He allegedly had a ~90 IQ (might have been thanks to syphilis eating his brain, presumably he wasn't that stupid during his rise to power.  Or more likely he was faking out the psychologists).  Psychopaths are a dime a dozen, and his unhesitating use of violence wouldn't have helped many other places.
 
2020-11-22 1:34:24 PM  

jaytkay: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however

She's one of those people like Al Capone, who make you wonder, "Imagine if all that talent and energy and cunning were turned towards good instead of bad."


What talent?
 
2020-11-22 1:51:58 PM  

dericwater: ImpendingCynic: It's a good thing she got a reasonable deal, because a $1,000 turtleneck would have been ridiculous.

I have three 25-year old turtlenecks from The Gap that I got for $8 each (family discount plus sale price).


I bought a few pairs of underwear at a Gap once. The lady at the counter said "Oh, these are all half-off today".

"Well then today's my lucky day I guess" I replied.

Then she said "yeah, and you wasted it on underwear."
 
2020-11-22 1:53:40 PM  
We are living in a golden age of financial crime, where white collar malfeasance is at an all time high, and THIS is the one they bust.

That is what infuriates me the most.
 
2020-11-22 1:54:04 PM  
What?
 
2020-11-22 2:25:10 PM  

Chief Superintendent Lookout: dericwater: phishrace: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however there is a big difference between a phone app or website that fails and actual medical testing when peoples lives are at stake. She was rolling the dice with real people, then covering it up. I hope she rots in jail.

I highly recommend watching the HBO documentary. Especially enjoyed the wise old Stanford professor who knew she was full of shiat from the git go. The amazing part of the story is just how far they got before things fell apart. Venture capitalist are generally pretty good about sniffing out dog shiat investments. Thernos, thanks to Blondy, was a huge exception.

[Youtube-video https://www.youtube.com/embed/wtDaP18O​Gfw]

Remember, her father was part of the Enron cabal, and her neighbor was VC big-shot Tim Draper who "vouched" for her to other VCs, which gave her cred that no ditzy blonde with zero educational experience in a field that required extensive educational experience could command.

When I was younger, I rolled my eyes at Roddenberry's concept of the future wherein wealth was abolished and people made strides to improve themselves and everything around them.  People like Holmes, Zuckerberg, Bezos, and the like have made me realize his vision should be reality.  As others pointed out upthread, she and her ilk attacked anyone who questioned her or started to point out the bullshiat.  We have a problem in our society wherein wealth equates intelligence, which in turn becomes a shield and creates cult-like behavior.


It's not just that people think wealth equals intelligence.  Far too many people think wealth equals virtue.
 
2020-11-22 2:56:37 PM  
Will Holmes ask for a pardon from Trump or Biden? Both seemed inclined on pardoning this fraudster.
 
2020-11-22 3:12:18 PM  
She is a complete fraud. How she made her money is exactly the point.
 
2020-11-22 3:23:04 PM  

whatshisname: She is a complete fraud. How she made her money is exactly the point.


Legally speaking she is only in trouble because her ultra-wealthy investors didn't make the profits she promised.  Not because she ruined thousands of lives with fake medical diagnosis.
Her former employees are having some issues finding employment for some reason as well.
Maybe, just maybe congress should make a law preventing swindlers and snake oil salesmen from causing widespread misery.
 
2020-11-22 3:28:48 PM  

FriarReb98: I have a coworker with that exact same name. The coworker is much, much dumber.

\and several orders of magnitude uglier
\\physically and mentally about as swift as cold molasses


Okay, studman.
 
2020-11-22 3:37:04 PM  

Fourstring: Nonpo: This article makes it sound like she's being investigated for paying her assistants to do her shopping.

That was one of my takeaways too. Lots  of execs have personal assistants to run errands for them. It's more efficient for the company than having your decision maker picking up dry cleaning.

The HBO movie was fascinating.


Lol that is certainly not true for people at her level. She was acting like she was the head of a motion picture studio. Her company was around 380 people at its peak. Typically CEOs of startups of that size are being paid well under a million a year. Obviously stock could be more but we're talking about cash expenses.
 
2020-11-22 4:43:12 PM  

Joey Jo Jo Jr Shabadu: jaytkay: Dasher McHappenstance: The book about her was quite fascinating.  I applaud the entrepreneurial spirit which says "we don't know how to do do this yet, but by gum, we're going to figure it out", however

She's one of those people like Al Capone, who make you wonder, "Imagine if all that talent and energy and cunning were turned towards good instead of bad."

What talent?


Being able to sell is a very valuable talent.
 
2020-11-22 4:58:44 PM  

Ishkur: We are living in a golden age of financial crime, where white collar malfeasance is at an all time high, and THIS is the one they bust.

That is what infuriates me the most.


Because her victims were wealthy folks as well. Madoff and Holmes went after the wealthy. They don't like being taken.
 
2020-11-22 5:36:25 PM  

Nonpo: God cnbc sucks. This article makes it sound like she's being investigated for paying her assistants to do her shopping.


Well she also "drove an expensive SUV".
 
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