Big Names Take Hit on Theranos

This con is mind boggling, especially because apparently she swindled _everyone_. It's not like a small group knew what was going on. It seems like no one knew anything but her.

I don't feel sorry for these big names. What big guys do to pre-IPO companies is same as what hedge funds on wall street: take 5% position in a company and 'pump' it on media (CNBC, WSJ). And the retail follows, thereby increasing the stock price.