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The scandal significantly tarnished Silicon Valley's perception of Theranos. Initially, there were skeptics who had suspicions about the company's claims. When the scandal broke out, these suspicions were reaffirmed. The media furor that followed the revelation of Theranos's lack of accuracy and proficiency testing issues further damaged the company's reputation. Many in Silicon Valley were unsure what to believe, but the overall impact was decidedly negative.
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Learn why and how a $9 billion dollar company vanished in a few weeks. The story of Theranos is the Silicon Valley equivalent of the Enron scandal rep...
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The first story was published on the Journal's front page on October 15, 2015. It revealed how Theranos ran only a small part of the tests on their devices. It also exposed Theranos's lack of accuracy and its issues with proficiency testing. This created a media furor with Forbes, New Yorker, NPR and other news outlets picking up the story. In Silicon Valley, skeptics felt their suspicions were reaffirmed while others were unsure what to believe. Theranos issued strong denials.
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