Theranos Is Finally Shutting Down
The latest news in the Theranos saga is not good news for the remaining shareholders, nor the outstanding creditors. In short, the company is finally winding down, with nearly all remaining employees being laid off at the end of last month. And with more debt than assets and cash, it looks like shareholders won’t be getting anything back. The company is reportedly down to $5 million in cash, which isn’t nearly enough to cover its debts....