Assignment Problem:
In 2010, the company reached a valuation of 1 billion dollars. she raised capital for the company and formed "the most notable board in U.S. corporate history of (who?)" (Leuty, 2013). As Chairwoman and C.E.O., she controlled 50% of the company. In addition, due to her "noble" ambition and diplomatic connections, she gained fame and prestigious accolades.
In 2013, Theranos partnered with Walgreens (How) and established a wellness centre in Palo Alto. A year later, In 2014, the company was featured in Forbes magazine, with Theranos valued at over 9 billion dollars.
In 2015, the first criticism of Theranos happened when the American medical association journal criticised Theranos for failing to publish its findings and research to the public science committee. (how and why?).
On the other hand, in the same year, Theranos was chosen by Capital blue cross, a Pennsylvanian insurance company, as its lab work provider. In addition, the F.D.A. approved their herpes simplex virus tests. As a result, the company reached 10 billion dollars. At her company's peak, Holmes was worth $4.5 billion. She was called SiliconValley's "Steve Jobs" and the world's youngest self-made female billionaire.
Later in 2015, wall street journal reporter John Carreyou published his article exposing the company's truth, and the F.D.A. launched an investigation into the company. This resulted in the company's downfall, and all the contracts with the Edison machines fell apart.( what did he find and how did he expose it?)
2016 was the failed year for Theranos where the wellness centre in Palo Alto was shut down, and the centres for medicare and Medicaid services, through a letter, considered Theranos wellness labs in immediate jeopardy to patients' health and safety. This followed the shutdown of Theranos in Newark, California. (What happened here?)
2016, The partner fund management sued Theranos for security fraud and breach of trust. (What did they breach?)
Provide references.