Why Everyone Fell for Theranos

(Bloomberg View) -- My Tuesday morning train reads:

  • "I made Steve Bannon’s psychological warfare tool": Meet the data war whistle-blower (the Guardian); see also Cambridge Analytica’s Ad Targeting Is the Reason Facebook Exists (Vice)
  • The Battery Boost We’ve Been Waiting For Is Only a Few Years Out (Wall Street Journal)
  • Investigators say his fingerprints are all over financial crimes at Theranos. Why is he a virtual ghost? (Stat); see also Fresh blood: Why everyone fell for Theranos (Financial Times)
  • Is Technology Hurting Productivity? (Project Syndicate)
  • Apple Is Secretly Developing Its Own Screens for the First Time (Bloomberg); see also Apple Watch Adoption (David Smith)
  • As Storms Get Stronger, Building Codes Are Getting Weaker (Bloomberg)
  • Self-driving cars are here. But shouting Californians are attacking them, DMV says (Sacramento Bee); see also A self-driving Uber car has killed a pedestrian in Arizona (Recode)
  • Pot tourists can smoke it where they buy it in San Francisco (Associated Press)
  • Here’s What Happens If Mueller Gets Fired (Wired); see also Meet the Mueller team (CNN)
  • How Stephen Hawking Shed Light on Black Holes (Space)

What are you reading? 

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Why Everyone Fell for Theranos

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”

To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net.

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