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 revolutionary blood-testing technology. But it seems that despite warnings from […]
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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 void left by struggling Huawei Technologies Co. Load […]
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 intended to mislead the public or investors, and […]
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 plans to seek reimbursement from embattled founder and former chairman Trevor Milton. The […]
© 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 operations on Wednesday, marking a new phase […]
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 biotech startup that falsely claimed it could screen for multiple diseases from a […]
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 tech startup can be a risky prospect. […]
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 Reuters. Geely, which owns Volvo, […]
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 surfaced. In one, Holmes said, “total confidence in myself best business person of the year,” CNBC […]
© 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 an old-school businessman and came off […]