Theranos founder Elizabeth Holmes jailed for fraud

Theranos founder Elizabeth Holmes jailed for fraud

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Discussion

Eric Mc

122,294 posts

267 months

Thursday 13th April 2023
quotequote all
iphonedyou said:
Disney + reports its subscription figures.
That's not the same as reporting how many watched a specific programme which others are obliged to do.

They operate in a very unlevel playing field with far fewer obligations.

Eric Mc

122,294 posts

267 months

Thursday 13th April 2023
quotequote all
ScotHill said:
Really, who cares? If you don't want to watch streaming services then don't - millions of people do, upwards of 7 million households in the UK subscribe to Disney+.
That's not the same thing as revealing viewing figures.

Catastrophic Poo

4,568 posts

188 months

Thursday 13th April 2023
quotequote all
ScotHill said:
Eric Mc said:
I think it's quite simple - number of viewers.

Of course, traditional channels are obliged by law to disclose their viewing figures. Subscription channels are not. They don't reveal the viewing figures because they don't want to. And they don't want to because they know they are low compared to traditional TV channels.

The honest thing would be for the law to be changed to force subscription channels to disclose their viewing figures - but successive governments refuse to do so because they don't want to upset them.
And they don't want to disclose their figures because they never look great compared to one of the main traditional channels.
Really, who cares? If you don't want to watch streaming services then don't - millions of people do, upwards of 7 million households in the UK subscribe to Disney+.
Yup.

It is a bit of an antiquated view, even though Eric does have a soft spot for Auntie.

Eric Mc

122,294 posts

267 months

Thursday 13th April 2023
quotequote all
I watch some streaming channels too. And I tend to watch most of my BBC stuff now on the iPlayer so I'm not THAT much of a dinosaur. Maybe a wolly mammoth.

ScotHill

3,254 posts

111 months

Thursday 13th April 2023
quotequote all
Eric Mc said:
ScotHill said:
Really, who cares? If you don't want to watch streaming services then don't - millions of people do, upwards of 7 million households in the UK subscribe to Disney+.
That's not the same thing as revealing viewing figures.
Again, who cares? People pay money to watch things they like watching, it really doesn't matter if five thousand or five million other people also watch it. If people didn't watch programmes then the streamers wouldn't commission/recommission them, it's obviously decent business for them and the viewers are happy to stay subscribed.

JD

2,798 posts

230 months

Thursday 13th April 2023
quotequote all
Eric Mc said:
That is not "mainstream" in that it is not free to air.
It's not even the largest subscription channel.
Disney+ costs half as much to watch than "free to air" channels.

There is no such thing as free to air.


iphonedyou

9,287 posts

159 months

Thursday 13th April 2023
quotequote all
JD said:
Disney+ costs half as much to watch than "free to air" channels.

There is no such thing as free to air.
There is, insofar as was meant by Eric.

https://en.wikipedia.org/wiki/Free-to-air

98elise

26,932 posts

163 months

Thursday 13th April 2023
quotequote all
iphonedyou said:
JD said:
Disney+ costs half as much to watch than "free to air" channels.

There is no such thing as free to air.
There is, insofar as was meant by Eric.

https://en.wikipedia.org/wiki/Free-to-air
Agreed. It's fairly clear what Eric (and most people) would class as free to air.

JD

2,798 posts

230 months

Thursday 13th April 2023
quotequote all
98elise said:
iphonedyou said:
JD said:
Disney+ costs half as much to watch than "free to air" channels.

There is no such thing as free to air.
There is, insofar as was meant by Eric.

https://en.wikipedia.org/wiki/Free-to-air
Agreed. It's fairly clear what Eric (and most people) would class as free to air.
But require a £159 a year subscription service?


98elise

26,932 posts

163 months

Friday 14th April 2023
quotequote all
JD said:
98elise said:
iphonedyou said:
JD said:
Disney+ costs half as much to watch than "free to air" channels.

There is no such thing as free to air.
There is, insofar as was meant by Eric.

https://en.wikipedia.org/wiki/Free-to-air
Agreed. It's fairly clear what Eric (and most people) would class as free to air.
But require a £159 a year subscription service?
Yes, it's clear what Eric meant. It's fine if it's not clear to you.

Willhire89

1,332 posts

207 months

Friday 14th April 2023
quotequote all
I'm sure this thread was on topic once - seems a long time ago now

Derek Smith

45,882 posts

250 months

Friday 14th April 2023
quotequote all
Given the number of start-ups that don't last, are based on speculation, and hope, in an around Silicon Valley, that fold within a few years because of iffy science, what's the difference between them and Theranos? She was excellent at marketing, something that many of the start-ups could learn a lot from.

If she had not been so successful with gaining the rich and famous, who had a lot of self-conceit, to part with their money, would there have been a court case? Billionaires lose millions because they didn't take due diligence. Am I supposed to feel sorry for them?

The media seem obsessed with what they, rather ironically, suggest is her obsession with her voice timbre and dress.

There has been nothing to suggest her passion for her idea was false. The company, in part, collapsed because of her lack of ability beyond presentation. The product was faulty. On top of that, she could not manage a start-up, nor, it would appear, any SME. Avie Tevenian said he was frustrated by the lack of success, and then said, 'You expect that from a start-up that has not been done [before].'

It seems a little as if it is just the amount of money that was the problem. Had small investors lost their money, then there would have been no criminal court case.

'When I worked for Steve Jobs, I saw some strange things, but she took it to a new level..' A difference in degree rather than kind?

julian64

14,317 posts

256 months

Friday 14th April 2023
quotequote all
I'm torn on this. I think she was pretty brilliant and people threw money at her. At some point she couldn't full fill the expectations of those around her.

But the point at which she believed she could do what she said, and the investors weren't understanding the science become blurry for me. When you look now at break throughs with early cancer testing methods she was advocating, you wonder if the financial world have just left her alone whether she could have been a plus to society, or whether she was actually a bad person trying to defraud everyone.

I have little faith in a judge being able to make that distinction, lesser still in America.

hiccy18

2,732 posts

69 months

Friday 14th April 2023
quotequote all
I think you're ignoring or forgetting the fact that she promised a miracle healthcare product, she preyed on people's hopes of a healthier life, patients were given faked results. She is literally a snake oil salesman.

mikey_b

1,893 posts

47 months

Friday 14th April 2023
quotequote all
hiccy18 said:
I think you're ignoring or forgetting the fact that she promised a miracle healthcare product, she preyed on people's hopes of a healthier life, patients were given faked results. She is literally a snake oil salesman.
This. Just because other people have got away (or got away more lightly) with fraud in different sectors doesn't mean she should get away with it too. The testing process didn't work, she knew damn well it didn't work, yet she was happily taking billions from investors while lying her face off about it. Anyone taking money for known-faulty testing, then deliberately sending back bullst results used to make life-changing medical decisions deserves to be thrown in jail.

ecs

1,243 posts

172 months

Sunday 16th April 2023
quotequote all
Derek Smith said:
Given the number of start-ups that don't last, are based on speculation, and hope, in an around Silicon Valley, that fold within a few years because of iffy science, what's the difference between them and Theranos? She was excellent at marketing, something that many of the start-ups could learn a lot from.

If she had not been so successful with gaining the rich and famous, who had a lot of self-conceit, to part with their money, would there have been a court case? Billionaires lose millions because they didn't take due diligence. Am I supposed to feel sorry for them?

The media seem obsessed with what they, rather ironically, suggest is her obsession with her voice timbre and dress.

There has been nothing to suggest her passion for her idea was false. The company, in part, collapsed because of her lack of ability beyond presentation. The product was faulty. On top of that, she could not manage a start-up, nor, it would appear, any SME. Avie Tevenian said he was frustrated by the lack of success, and then said, 'You expect that from a start-up that has not been done [before].'

It seems a little as if it is just the amount of money that was the problem. Had small investors lost their money, then there would have been no criminal court case.

'When I worked for Steve Jobs, I saw some strange things, but she took it to a new level..' A difference in degree rather than kind?
Isn't it a case of getting her charged with something that'll stick? The fraud charges are probably easier to prove than the fake medical results given to patients which may or may not've caused their deaths.

crankedup5

9,707 posts

37 months

Sunday 16th April 2023
quotequote all
Eric Mc said:
I watch some streaming channels too. And I tend to watch most of my BBC stuff now on the iPlayer so I'm not THAT much of a dinosaur. Maybe a wolly mammoth.
laugh comment made me chuckle.

Jasandjules

70,012 posts

231 months

Sunday 16th April 2023
quotequote all
hiccy18 said:
I think you're ignoring or forgetting the fact that she promised a miracle healthcare product, she preyed on people's hopes of a healthier life, patients were given faked results. She is literally a snake oil salesman.
Like the Covid injections then?

Hugo Stiglitz

37,339 posts

213 months

Sunday 16th April 2023
quotequote all
Derek Smith said:
Given the number of start-ups that don't last, are based on speculation, and hope, in an around Silicon Valley, that fold within a few years because of iffy science, what's the difference between them and Theranos? She was excellent at marketing, something that many of the start-ups could learn a lot from.

If she had not been so successful with gaining the rich and famous, who had a lot of self-conceit, to part with their money, would there have been a court case? Billionaires lose millions because they didn't take due diligence. Am I supposed to feel sorry for them?

The media seem obsessed with what they, rather ironically, suggest is her obsession with her voice timbre and dress.

There has been nothing to suggest her passion for her idea was false. The company, in part, collapsed because of her lack of ability beyond presentation. The product was faulty. On top of that, she could not manage a start-up, nor, it would appear, any SME. Avie Tevenian said he was frustrated by the lack of success, and then said, 'You expect that from a start-up that has not been done [before].'

It seems a little as if it is just the amount of money that was the problem. Had small investors lost their money, then there would have been no criminal court case.

'When I worked for Steve Jobs, I saw some strange things, but she took it to a new level..' A difference in degree rather than kind?
Have an idea. It doesn't work, move on.

Have an idea, it doesn't work. Claim it does provide false data and information and keep the money coming in.

Derek it'd be like you adapting a statement to claim you saw some do something when initially you only assumed that they might probably do it as they look guilty.

MesoForm

8,929 posts

277 months

Sunday 16th April 2023
quotequote all
Hugo Stiglitz said:
Have an idea. It doesn't work, move on.

Have an idea, it doesn't work. Claim it does provide false data and information and keep the money coming in.

Derek it'd be like you adapting a statement to claim you saw some do something when initially you only assumed that they might probably do it as they look guilty.
I think that’s a very good analogy for the “fake it ‘til you make it” that she was doing - adapting the statement and assuming you’ll find some real evidence later.