Comments by "Jim Werther" (@jimwerther) on "Fox Business"
channel.
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@juliancate7089
Not my impression whatsoever.
Holmes blew smoke non-stop, and used both her connections and her youthful, attractive female charms to win people over.
Wall Street is forever trying to get in early on the next Big Thing, thus making gobs of money. Had her claims been accurate, her company had tremendous possibilities; meanwhile, the financial boys knew as much about her scientific claims as they do the history of quantum physics.
When Amazon went public in the mid-90s, media skeptics abounded, questioning the innate value of a five year old company which had never turned a profit. Meanwhile, some believers on Wall Street bought in, and went on to shovel in the profits. This type of story has repeated itself frequently in recent years. If you wait for a public company to be profitable, you're likely getting in too late to make any money.
As to Theranos, most of what I know comes directly or indirectly from John Carreyrou's reporting.
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