I don't think that the press can be blamed for the Theranos meltdown. All that's happened is that a bunch of investors are about to lose a bunch of money, and Walgreens got screwed. The investors and the guy at Walgreens were all people from Holmes' class (and people with personal connections to her and her family.) The tech press are also from that same class (or worshippers of that same class), and so they followed along in inflating the virtues of someone who neither they or the investors bothered to vet because white rich Stanford, fancy parents. Just because the tech press is terrible doesn't mean that its awful input had a meaningful effect on anything. If anything, the traditional business press at the WSJ registered the only significant effect; a positive one.
But it isn't like the tech press coverage drew in the suckers - it wasn't a public company. Of course, I haven't heard anything about institutional investors. Maybe the public ended up getting screwed in the end anyway.
But it isn't like the tech press coverage drew in the suckers - it wasn't a public company. Of course, I haven't heard anything about institutional investors. Maybe the public ended up getting screwed in the end anyway.