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    Theranos, Blood-Testing Company Plagued By Scandal, Says It Will Dissolve

    The company was once valued at $9 billion. Founder Elizabeth Holmes and another former executive are now facing criminal charges, and Theranos says it does not have the cash to pay shareholders.
    by Laurel Wamsley Sep 05, 2018 2 minutes
    Theranos, the blood testing startup accused of an elaborate fraud, told shareholders it will be shutting down. Founder and former CEO Elizabeth Holmes, seen here in 2015, is facing criminal charges.

    Theranos — the Silicon Valley blood-testing startup whose former top executives are accused of carrying out a massive, years-long fraud — is shutting down.

    David Taylor, who became CEO in June, said Theranos will dissolve after it attempts to pay creditors with its remaining by , which published .

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