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Browse: Home / 2022 / January / 05 / Theranos: The Limits of the “Fake It Till You Make It” Strategy | Morrison & Foerster

Theranos: The Limits of the “Fake It Till You Make It” Strategy | Morrison & Foerster

By Securities Docket on January 5, 2022, 10:25 am

The trial, which lasted for 14 weeks, called into question more than just Holmes’ questionable business practices and investment solicitation; it was arguably a referendum on “fake it till you make it” practices, such as intentionally overstating, and thereby misrepresenting, a fledgling company’s current capabilities, success, or profitability, while banking on the notion that its aspirations will eventually follow the desired trajectory and become a reality. The case also highlighted the importance of investors doing adequate due diligence.

Source: Theranos: The Limits of the “Fake It Till You Make It” Strategy | Morrison & Foerster

Posted in Criminal, Top | Tagged Theranos

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