Today’s needull is a detailed story on the rise and fall of Elizabeth Holmes, the founder of Theranos. Reading success stories of people like Elon Musk inspires us. But, there is a feeling of disappointment at ourselves on why we could not achieve as much. Conversely, reading about the fall of some previously successful figure gives us that guilty pleasure – they were not that different from us after all. Schadenfreude.
Forbes, clearly embarrassed by its cover story, removed Holmes from its list of “America’s Richest Self-Made Women.” A year earlier, it had estimated her wealth at $4.5 billion. “Today, Forbes is lowering our estimate of her net worth to nothing,” the editors wrote. Fortune had its mea culpa, with the author stating boldly that “Theranos misled me.” Director Adam McKay, fresh off his Oscar for The Big Short, has even signed on to make a movie based on Holmes, tentatively titled Bad Blood. (On the bright side for Holmes, Jennifer Lawrence is attached as the lead.)