Theranos is finally shutting down

It may have been surprising to hear that blood-testing startup Theranos was technically still around, even though it was a fraud that put people in real danger. But per an email chief executive officer David Taylor sent to shareholders, Theranos will finally close.

Taylor starts the email by saying that he “write[s] with difficult news about the future of the company,” though it is hard to believe that any shareholder would be blindsided by this development. Taylor, who is also general counsel, became CEO after previous CEO and founder Elizabeth Holmes was indicted for fraud by federal prosecutors. When the founder of the company is facing criminal charges and potentially 20 years in prison, the “difficult” news should at least be…

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