'The Dropout' dares to ask: How did Theranos get away with all this? (2024)

Amanda Seyfried as Elizabeth Holmes and Naveen Andrews as Sunny Balwani in Hulu's The Dropout. Beth Dubber/Hulu hide caption

toggle caption

Beth Dubber/Hulu

'The Dropout' dares to ask: How did Theranos get away with all this? (2)

What does she do about the voice? That's the first question, right?

Amanda Seyfried plays Theranos founder Elizabeth Holmes in the new Hulu series The Dropout, based on the ABC News podcast of the same name. There's been no shortage of Theranos takes: This follows the John Carreyrou book Bad Blood and its accompanying podcast Bad Blood: The Final Chapter, Alex Gibney's documentary The Inventor, and plentiful reporting about the fall of Theranos. But for a lot of viewers, the first question will be what Seyfried will do about Holmes' notoriously low voice, which has been the subject of much speculation about its authenticity, its purpose (if it is intentional rather than natural), and the role of gender policing in how it's received and talked about.

Pop Culture Happy Hour

Elizabeth Holmes, convicted of fraud, is our latest seller of false hope

Fortunately, Seyfried doesn't focus on mimicry, but on evoking Holmes' distinctive speaking style. It's less important that she hit the low tone than it is that she capture the way Elizabeth Holmes speaks — charismatic in its way, yes, but also kind of ... dorky? Seyfried gets it just right in the trailer around the :45 mark when she talks to a professor of hers (played by a wonderfully dry Laurie Metcalf) about what she wants to do.

The trailer for Hulu's The Dropout, which premieres on the service on March 3.

Hulu YouTube

When the professor says to keep trying, Holmes says, "'Do or do not. There is no try.' That's Yoda."

If you've watched the other Theranos material and listened to Elizabeth Holmes talk a lot, you will recognize her boundless but awkward confidence in Seyfried's delivery. And it's not just the way she talks, but the things she says. There's a moment very early on in the series when a interviewer asks Holmes to describe herself in one word, and she hesitates, hesitates, hesitates, before finally saying: "Mission-oriented." That weird, unconvincing blurt of business-speak, as Seyfried serves it up, is very, very Elizabeth Holmes.

It's not all about her

Seyfried does a fine job throughout of offering not a precise impersonation of Elizabeth Holmes, but a sense of her. Nevertheless, the best parts of the series are not the parts about Holmes and her passion for riches and fame — which resembles the passions of a lot of other tech founders for riches and fame, as portrayed in other series (documentary or scripted) about, say, Uber or WeWork. That part feels very familiar.

At its best, The Dropout is about the thing that separates Theranos from a lot of these other startups, which is the fact that the Theranos technology, according to the legal proceedings against Holmes, never worked the way they said it did. Much of it isn't about Holmes at all. It's about everybody else, and about the question: How did so many people stay on the hook for so long?

Sure, the show, from Liz Meriwether (who made New Girl), looks at Holmes' early life and her relationship with her parents (Elizabeth Marvel has great fun as her mother) and brother. It traces her relationship with the much older Sunny Balwani (Naveen Andrews), who would eventually be her boyfriend, second-in-command at Theranos, and fellow defendant. But in those sections, it's a little more on rails and less intriguing, especially for people who have read a lot about her. The tone in the early going is uneven, too: Efforts to tackle the story of family friend Richard Fuisz (William H. Macy) and his long legal battle with Theranos don't really work; they're a little too silly, despite the presence of Macy and the great Mary Lynn Rajskub as his wife.

Stephen Fry does good work in these early sections as Ian Gibbons, an experienced scientist (unlike Elizabeth Holmes) who was part of Theranos from practically the beginning, who was fired, rehired, and then demoted from the lab he loved. But as good as he is, and as compelling as his story is, he plays it very straight and the tone of his story is sad rather than funny — so he doesn't always seem to belong in the same show as Macy and Rajskub.

Team Walgreens — Roland (Andrew Leeds), Wade Maquelon (Josh Pais), Kevin Hunter (Rich Sommer), and Jay Rosan (Alan Ruck) — finds itself in over its head at Theranos. Beth Dubber/Hulu hide caption

toggle caption

Beth Dubber/Hulu

'The Dropout' dares to ask: How did Theranos get away with all this? (5)

Team Walgreens — Roland (Andrew Leeds), Wade Maquelon (Josh Pais), Kevin Hunter (Rich Sommer), and Jay Rosan (Alan Ruck) — finds itself in over its head at Theranos.

Beth Dubber/Hulu

The Walgreens problem

Where The Dropout finds its groove is where it leans into the drama, and sometimes the darker comedy, of questions like how Holmes got "wellness centers" into a chain the size of Walgreens when her tech didn't work. How does that happen? Surely, they had the capacity to determine that she wasn't able to simply put a machine in front of them, prick a finger, and have it perform routine bloodwork.

This plays out in an darkly funny middle stretch that spotlights four exceptional and reliable actors: Alan Ruck as "Doctor Jay," the Walgreens executive trying to get Holmes' wellness centers approved; Josh Pais as Wade, Jay's more skeptical boss; Andrew Leeds as Roland, Wade's right-hand man; and the always welcome Rich Sommer as Kevin Hunter, a lab expert brought in to make sure everything is legit. This section of the tale wisely turns to one of the oft-asked questions about Theranos — why didn't anybody know something was wrong? -- and reframes it around the truth, which is that a great many people knew something was wrong. The question is not why nobody knew; it's why the people who knew were not able to stop Holmes' ascent sooner.

Greed, for lack of a better word, is boring

Getting too deeply into the question of what makes greedy and grasping people act greedy and grasping can be surprisingly dull. Greed is fundamental; it explains itself. The Dropout doesn't suggest that Holmes is an uncomplicated person or has led an uncomplicated life: it deals with the sexual assault she reported when she was in college, and it portrays Balwani as a bully and a manipulator, which was part of her defense at her trial. But it resists any conclusion that these are the reasons she was deceiving people about the tech.

Technology

Police document: 19-year-old Elizabeth Holmes reported sexual assault from Stanford

She was deceiving people because she wanted, wanted, wanted — she especially wanted to do something huge that would make her the Steve Jobs of health care. (The degree to which society would be better off refusing to give money to anybody who wants to be the Steve Jobs of anything is intriguing to contemplate.) And wanting to do something huge that will make you rich is not new and not that interesting; that's the part you will see in other series, whether you see it in Uber's Travis Kalanick, or WeWork's Adam Neumann, or even Anna Delvey.

What can be more interesting, and more damning, is looking at how all of the safety mechanisms that might have kept Theranos from getting so far — even to the point where it was returning flawed or unreliable results to real patients — failed to function. Wouldn't employees realize something was wrong? Wouldn't they feel obligated to say something? Wouldn't doctors? And wouldn't investors want to see the tech work before they invested? And doesn't the government have some capacity to regulate all this? Yes, yes, yes to all these things. And yet.

And that's where The Dropout is strongest. There is a moment when a young employee realizes she's being asked to ignore problems in the testing of a Walgreens patient, and she simply can't believe it. She keeps repeating that the patient is a real person, because to her, it's obvious that nobody would extend tech puffery to the point where you're giving somebody a misleading blood test result. When she realizes she's wrong, does she want to do something about it? Of course. But that's only the first step.

Elizabeth Holmes, as portrayed here, has so many protectors — a ton of money, a credulous press, political allies, a security apparatus that genuinely scares people, a team of ruthless and powerful attorneys — that she can stay ahead of the many people who know perfectly well that she does not have a machine that can do what she says it can do.

But more than anything, she's protected by other people's greed and pride. Once she has investors who have given her their money, they naturally aren't eager to hear that the tech is no good, or to have the word spread that the tech is no good. Once she has men like George Shultz, played here by Sam Waterston, who have vouched for her to their powerful friends, they definitely don't welcome the idea, either in the wallet or in the ego, that they got it wrong. Especially not really wrong, dangerously wrong. In some ways, the wronger they are, the harder it is to get them to admit it.

Seyfried is good; she captures this very unusual woman effectively. But the parts that try to explain her too much are the parts that drag. Where The Dropout finds its voice is not in excavating this brand of wrongdoing, but in despairing at how vulnerable we are to it.

'The Dropout' dares to ask: How did Theranos get away with all this? (2024)

FAQs

How did Theranos get away with it for so long? ›

In order to be able to perform the large number of advertised tests, Theranos obtained third-party equipment from Siemens but this was concealed from patients, business partners and investors. A 2015 FDA inspection also revealed shortcomings in the tests which Theranos only made public a few weeks later.

How did Theranos get found out? ›

Thanks in large part to the information from Theranos whistleblowers, John was able to publish his report in The Wall Street Journal, revealing that Theranos was not using its own technology to run the majority of its tests due to the inefficiency of its own technology.

How much money did Walgreens lose with Theranos? ›

Walgreens settles lawsuit with Theranos patients for $44 million.

Who broke the truth about Theranos? ›

But the technology never worked, and the claims were false. The downfall of Theranos began in 2015, when John Carreyrou, then an investigative reporter for The Wall Street Journal, exposed the company's false claims in a series of articles.

Is Theranos still operating? ›

No. Theranos was a privately held corporation until it was shut down and liquidated in September 2018.

How long will Theranos actually serve? ›

Theranos founder Elizabeth Holmes could leave prison a year and a half earlier than expected, Federal Bureau of Prisons records show. According to the agency's inmate locator, Holmes' release date is scheduled for Dec. 29, 2032. That means she is slated to serve 9 years and seven months.

Who outed Theranos? ›

Holmes also signed off on surveillance aimed at intimidating Theranos employees who helped uncover the flaws with the blood-testing technology. The whistleblowers included Tyler Shultz, the grandson of former Secretary of State George Shultz, whom Holmes befriended and persuaded to join the Theranos board.

Why did Elizabeth Holmes change her voice? ›

And dramatic, sustained pitch changes in speech can be associated with heightened emotional states without indicating a put-on voice. At the same time, people who know Holmes have claimed that she changed her voice in order to cultivate a persona as a Silicon Valley wunderkind.

Who lost the most to Theranos? ›

Story: Big name investors among Theranos biggest losers

For instance, the Wall Street Journal reported, the Devos family lost an estimated $100 million in their investment while Murdoch lost $125 million and the Walton family lost $150 million.

What is Elizabeth Holmes' net worth? ›

In the following year, as revelations of fraud about Theranos's claims began to surface, Forbes revised its estimate of Holmes's net worth to zero, and Fortune named her in its feature article on "The World's 19 Most Disappointing Leaders". Washington, D.C., U.S.

Did any patients sue Theranos? ›

Customers who purchased a blood draw at one of the Walgreens sites filed class-action lawsuits in 2016, accusing Walgreens and Theranos of fraud and medical battery, and claiming they received the test under false pretenses.

Is Elizabeth Holmes still married? ›

ICYMI, the 39-year-old ex-CEO is reporting to prison on May 30—and is married to 30-year-old hospitality heir William "Billy" Evans, per Vanity Fair. A recent profile on Elizabeth Holmes by The New York Times sheds light on their relationship and family life for the first time in years.

Who killed themselves at Theranos? ›

Ian Gibbons (biochemist)
Ian Gibbons
Cause of deathSuicide by overdose of acetaminophen
NationalityBritish
EducationUniversity of Cambridge (Ph.D.) University of California, Berkeley (Postdoc)
Occupation(s)Researcher, Syva & Biotrack Chief Scientist, Theranos
4 more rows

Who was the whistleblower on Elizabeth Holmes? ›

Tyler Shultz is the whistleblower who first raised the alarm on Elizabeth Holmes's $10billion biotech company Theranos.

What happened to Sunny Balwani? ›

On April 7, 2023, the Ninth Circuit Court of Appeals refused Balwani's request, and a new self-surrender date was set for April 20. He surrendered on that date. He was incarcerated at Federal Correctional Institution, Terminal Island, in San Pedro, California.

Could Theranos have actually worked? ›

The idea of microsampling has been researched for years. Most notably, Theranos, led by Elizabeth Holmes, was under fire for fraudulently claiming to accomplish this goal using novel technology. However, Stanford researchers may have accomplished what Theranos never could.

Why was Theranos impossible? ›

According to the reports, Theranos only occasionally used its proprietary technology and instead used conventional blood testing techniques for most of its studies. Theranos' technology had significant accuracy problems, according to the stories, and some tests produced widely disparate findings.

What did Theranos do that was so bad? ›

One of the worst things Holmes did at Theranos was using Theranos Edison, which produced inaccurate results in real life trials. This occurred when a major drug company made a deal with Theranos in 2008 to test its technology for a study on stage 3 and 4 cancer patients(7).

Who finally brought Theranos down? ›

An interview with Tyler Shultz

But Tyler Shultz, 28, didn't even recognize that he was in a whistleblowing situation when he discovered fraud at the now-infamous blood-testing company. “I had zero strategy,” Shultz says in a recent interview with Fraud Magazine at the 30th Annual ACFE Global Fraud Conference.

Top Articles
Who is Mitch Grassi: Biography, Net Worth & more
The Psychological Impact of Seeing YouTubers Spend Millions
9.4: Resonance Lewis Structures
O'reilly's Auto Parts Closest To My Location
Devotion Showtimes Near Mjr Universal Grand Cinema 16
Ashlyn Peaks Bio
Words From Cactusi
Here's how eating according to your blood type could help you keep healthy
THE 10 BEST River Retreats for 2024/2025
Needle Nose Peterbilt For Sale Craigslist
WK Kellogg Co (KLG) Dividends
C-Date im Test 2023 – Kosten, Erfahrungen & Funktionsweise
Winterset Rants And Raves
How Many Cc's Is A 96 Cubic Inch Engine
Shemal Cartoon
Morocco Forum Tripadvisor
Keniakoop
Reddit Wisconsin Badgers Leaked
Diesel Mechanic Jobs Near Me Hiring
Craigslist Portland Oregon Motorcycles
Zack Fairhurst Snapchat
Noaa Ilx
Zoe Mintz Adam Duritz
Heart Ring Worth Aj
All Obituaries | Verkuilen-Van Deurzen Family Funeral Home | Little Chute WI funeral home and cremation
Ecampus Scps Login
Craigslist Alo
Macu Heloc Rate
Https E22 Ultipro Com Login Aspx
Piedmont Healthstream Sign In
Kroger Feed Login
Lacey Costco Gas Price
Gillette Craigslist
Craigs List Jax Fl
Craigslist Sf Garage Sales
Appleton Post Crescent Today's Obituaries
Teenage Jobs Hiring Immediately
American Bully Xxl Black Panther
Geology - Grand Canyon National Park (U.S. National Park Service)
Michael Jordan: A timeline of the NBA legend
Captain Billy's Whiz Bang, Vol 1, No. 11, August, 1920
America's Magazine of Wit, Humor and Filosophy
Craigslist Lakeside Az
Urban Blight Crossword Clue
Verizon Outage Cuyahoga Falls Ohio
Lovely Nails Prices (2024) – Salon Rates
Mychart University Of Iowa Hospital
Studentvue Calexico
Booknet.com Contract Marriage 2
Congressional hopeful Aisha Mills sees district as an economical model
Noelleleyva Leaks
Craigslist Yard Sales In Murrells Inlet
Vt Craiglist
Latest Posts
Article information

Author: Edmund Hettinger DC

Last Updated:

Views: 6332

Rating: 4.8 / 5 (78 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Edmund Hettinger DC

Birthday: 1994-08-17

Address: 2033 Gerhold Pine, Port Jocelyn, VA 12101-5654

Phone: +8524399971620

Job: Central Manufacturing Supervisor

Hobby: Jogging, Metalworking, Tai chi, Shopping, Puzzles, Rock climbing, Crocheting

Introduction: My name is Edmund Hettinger DC, I am a adventurous, colorful, gifted, determined, precious, open, colorful person who loves writing and wants to share my knowledge and understanding with you.