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Theranos, Scandal-Plagued Blood-Testing Company, Says It Will Dissolve

Theranos, the blood testing startup accused of an elaborate fraud, told shareholders it will be shutting down. Founder and former CEO Elizabeth Holmes, seen here in 2015, is facing criminal charges.

The company was once valued at $9 billion. Founder Elizabeth Holmes and another former executive are now facing criminal charges, and Theranos says it does not have the cash to pay shareholders.

(Image credit: CNBC/NBCU Photo Bank via Getty Images)



from Technology : NPR https://ift.tt/2wNJ4UH

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