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Carreyrou worked for The Wall Street Journal for 20 years between 1999 and 2019 [2] and has been based in Brussels, Paris, and New York City. He won the Pulitzer Prize twice and helped expose the fraudulent practices of the multibillion-dollar blood-testing company Theranos in a series of articles published in The Wall Street Journal.
In late 2015, Carreyrou began a series of investigative articles on Theranos, published in The Wall Street Journal on the blood-testing startup founded by Elizabeth Holmes. The articles questioned the company's claim to be able to run a wide range of lab tests from a tiny sample of blood from a finger prick.
Theranos raised an additional $45 million in 2010 at a valuation of $1 billion. [144] [146] The company had significant news coverage starting in September 2013 after profiles in the San Francisco Business Times and The Wall Street Journal. [14] By 2014, Theranos had raised more than $400 million with an estimated value of $9 billion. [147]
Specifically, Shultz's confidential reporting informed a string of Wall Street Journal articles by John Carreyrou about Holmes and Theranos starting in 2015. [16] [8] [14] At the time, Shultz was under legal pressure to stay quiet. [30] In 2016, however, Shultz's identity was revealed to the public by his own decision in the Wall Street Journal ...
Elizabeth Holmes was born on February 3, 1984, in Washington, D.C. [12] Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal.
In June 2019, Bloomberg News reported Holmes and Balwani were looking into a possible defense strategy of blaming the media for the downfall of Theranos and whether journalist John Carreyrou's reporting caused undue influence upon government regulatory agencies in order to write a sensational story for The Wall Street Journal. [24]
The Wall Street Journal investigative journalist John Carreyrou delved into the manner in which Elizabeth Holmes courted Robertson to involve himself in her company Theranos; he recounted this in-depth in his 2018 book, Bad Blood: Secrets and Lies in a Silicon Valley Startup.
Theranos collapsed in 2018 after journalist John Carreyrou revealed in The Wall Street Journal that its supposedly revolutionary blood testing devices, requiring only a fingerstick of blood, had never functioned as claimed. Gibbons had attempted to inform his superiors at Theranos, including Holmes, of the failure of their technology but the ...