Jury Finds Theranos Founder Elizabeth Holmes Guilty on Four of Eleven Criminal Charges
After more than 50 hours of deliberation, a jury in California convicted Theranos founder and CEO Elizabeth Holmes of four criminal fraud charges on Monday, January 3rd. Holmes, a longtime name in Silicon Valley, founded Theranos on the promise of…
Xiaomi founder Lei Jun vows to challenge Apple with sharpened focus on the global high-end smartphone market
Chinese tech giant Xiaomi Corp will ratchet up its challenge to Apple by focusing on the high-end segment of the global smartphone market, according to company founder and chief executive Lei Jun, as the mainland’s major handset makers rush to fill the…
The Morning After: Theranos founder Elizabeth Holmes found guilty of defrauding investors
After a months-long trial, and a jury that was eventually deadlocked on several of 11 total charges, Elizabeth Homes, the former CEO and founder of Theranos, has been found guilty on four charges. Holmes, who testified during the trial, said she hadn’t…
Nikola wants embattled founder Trevor Milton to pay proposed $125M SEC settlement
Nikola wants Milton to pay up. Nikola Electric semi truck startup Nikola revealed in its third-quarter earnings report Thursday that it’s nearing a settlement with the US Securities and Exchange Commission over its ongoing investigation. The firm…
Avelo launches first East Coast flights today; budget carrier’s founder tells TPG why they’ll succeed
© Provided by The Points Guy MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers. Startup budget carrier Avelo Airlines will launch its East Coast…
DeVos family swindled out of $100 million by Theranos founder Elizabeth Holmes, family rep testifies
Elizabeth Holmes, founder and former CEO of Theranos, was indicted on fraud charges. (Jeff Chiu/Associated Press) The family of former Education Secretary Betsy DeVos was duped by Theranos founder Elizabeth Holmes into investing $100 million for a…
Startup Founder Pay Packages Keep Ballooning – Tech News Briefing
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Zoe Thomas: This is your Tech News Briefing for Tuesday, October 26th. I’m Zoe Thomas for the Wall Street Journal. Launching a…
Founder of Chinese Car Maker Geely Launches Smartphone Venture | Technology News
By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – A new venture from the founder of Chinese automaker Zhejiang Geely Holding will aim to release its first smartphone by 2023 and sell 3 million units in its first year, according to a memo seen by…
Theranos founder Elizabeth Holmes reportedly sent a text to her ex-boyfriend and former COO referring to herself as ‘best business person of the year’
Former Theranos CEO Elizabeth Holmes and former Theranos COO Ramesh Balwani. Yichuan Cao/NurPhoto via Getty Images (Holmes). Justin Sullivan/Getty Images (Balwani). More texts between Theranos founder Elizabeth Holmes and former COO Ramesh Balwani have…
Old vs new contest for IDFC Mutual Fund, a startup founder eats humble pie, banking drama, new worries for Congress and more
© Shubhashish MC Insider: Old vs new contest for IDFC Mutual Fund, a startup founder eats humble pie, banking drama, new worries for Congress and more STARTUP FOUNDER EATS HUMBLE PIE Not too long ago, a well-known startup swaggerer met face to face with…