0
Health Money News

Blowing It Scenario #51-The Fraud And Failure Of Theranos.


How Is A Company That Has Never Produced a Viable Product, Or Ever Turned a  Profit Worth 9 Billion?

I often wonder how companies are valued at all. It seems this fraud is an often occurrence in the financial markets and with so called unicorns. How can a company go from nothing to billions in valuation. It’s all speculative and with the assistance of media hype you can really add fuel to the fire. Creating a raging dumpster fire. One that will soon flame out with all the investors money. Who like moths to the flame join in when it’s burning brightest.

I wonder can I just tell everyone blowingit.com is worth $40 billion? I Currently own 100% of the shares but would be willing to sell. However that is it’s current valuation. Why, because I say so. Is that how it’s done? Honestly I’m asking because I don’t know. It seems that way to me. Powers that be just roll the dice and bam, snap is a billion dollar company, twitter is a billion dollar company, Theranos, yik yak, jawbone, beepi all valued at hundreds of millions, because someone said so. Many of which have since failed, once the general public wises up to the lies they have been told to believe.

In the instance of Theronos, they not only defrauded their investors, they defrauded their users as well. Which is a much more dangerous prospect. The fact that you are a blood testing company who’s product didn’t even work. Now you have a fraud that not only risks people’s money you risk their health as well. What kind of punishment does one get for such extremes. Not really much of a punishment at all. So the cycle of fraud will continue to live on because their really is zero punishment for it. Heck it often seems like the more you steal, the better off you’ll be. Just a slap on the wrist, and a small fine. I guess the lesson here is, be an embodiment of your word. and make that word honest and forthright, it’s the honorable move. But if you are going to be a fraudulent entity get yourself the highest valuation you possibly can. What’s the worst that can happen? Did I forget to mention blowingit.com is now worth 100 billion dollars?



Thank you very much for taking the time to read our post. If you like what you read, or even if you don’t, we would love to hear from you. Please join our email list here. Or if you want to comment on this article, or write your own in our Forum. Please sign in here and if you are new to the site you can register here. This website is not intended to be a blog. We want it to be a place to help others grow and learn from mistakes and the Forum is where that begins. Please tell us your stories.

 


You Might Also Like...

No Comments

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.