Skip to Content

Theranos is shutting down

September 5, 2018

After a long, slow fall, the blood-testing company is officially dissolving.

Some background: In 2014, Theranos rocketed to public attention with its claims of a revolutionary blood-testing system. The next year, a Wall Street Journal investigation raised concerns about the validity of Theranos’s finger-prick diagnostic technology, prompting us to name it one of the biggest technology failures of 2015. Later government investigations revealed numerous problems with the startup. Earlier this year, CEO Elizabeth Holmes was charged with massive fraud by the US Securities and Exchange Commission, resulting in her stepping down from her leadership role.

The news: An e-mail to shareholders released by the Journal yesterday revealed that the end has finally come for Theranos. It will be formally dissolving and distributing its remaining capital to unsecured creditors.

The final number: In total, the company’s investors will have lost almost $1 billion.

Deep Dive


Sam Altman invested $180 million into a company trying to delay death

Can anti-aging breakthroughs add 10 healthy years to the human life span? The CEO of OpenAI is paying to find out.

Forget designer babies. Here’s how CRISPR is really changing lives

The gene-editing tool is being tested in people, and the first treatment could be approved this year.

Neuroscientists listened in on people’s brains for a week. They found order and chaos.

The study shows that our brains exist between chaos and stability—a finding that could be used to help tweak them either way.

More than 200 people have been treated with experimental CRISPR therapies

But at a global genome-editing summit, exciting trial results were tempered by safety and ethical concerns.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at with a list of newsletters you’d like to receive.