Failed Startups

Disgraced Theranos founder Elizabeth Holmes is set to report to prison today to begin her 11-year sentence

Daniel Levi May 30, 2023

Disgraced Theranos founder Elizabeth Holmes to arrive at prison on May 30 to begin her 11-year sentence

Nickie Louise May 18, 2023

Top tech startup news for Wednesday, April 26, 2023: Axoni, First Republic Bank, GM, Microsoft, and Relay

Daniel Levi April 26, 2023

Bittrex shuts down US crypto exchange amid regulatory crackdown on crypto industry

Daniel Levi March 31, 2023

FTX Bankman-Fried says he donated “dark money” to the Republicans to avoid criticism from journalists, claiming they’re “all secretly super liberal”

Nickie Louise December 1, 2022

Worse than Enron: Sam Bankman-Fried used FTX’s customers’ money to fund his lavish lifestyles and employees. Here’s the full text of FTX’s bankruptcy filing

Daniel Levi November 17, 2022

Google shuts down its online translation service in China

Nickie Louise October 4, 2022

Unbanking the unbanked: Celsius founder Alex Mashinsky withdrew $10 million before the company filed for bankruptcy

Nickie Louise October 3, 2022

Airlift, Pakistan’s second-largest startup, shuts down as global downturn claims another tech casualty

Nickie Louise July 13, 2022

EV-truck tech startup Electric Last Mile files for bankruptcy; plans to liquidate

Daniel Levi June 13, 2022

CNN+, a streaming-only platform launched by CNN, is shutting down just a month after launch and $500 million flushed down the drain

Daniel Levi April 22, 2022

The fraud trial for the disgraced Elizabeth Holmes, founder of blood-testing startup Theranos, begins today. Here’s everything you need to know

Daniel Levi August 31, 2021

These founders burned $140,000,000 of investors’ money. Here are the lessons they learned and what NOT to do in a startup

Daniel Levi August 20, 2021

Gig economy app Takl shuts down after burning through over $37 million in investors’ money

Nickie Louise February 13, 2021

Disgraced Theranos founder and CEO Elizabeth Holmes to blame ‘mental illness’ in her trial defense for defrauding investors out of more than $700 million

Nickie Louise September 12, 2020

Danny Boice, CEO and founder of Virginia-based tech startup Trustify, charged with fraud and money laundering

Nickie Louise July 25, 2020

Quibi failed after raising $1.8 billion for its short video streaming service for millennials

Nickie Louise July 11, 2020

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