The Daily Money: Theranos CEO Elizabeth Holmes convicted; how to cut wireless costs
Good morning and happy Tuesday, Daily Money readers. Hope your post-holiday re-entry went smoothly. Jayme Deerwester back with you.
Former Theranos CEO Elizabeth Holmes was convicted on four counts of fraud and conspiracy Monday, ending a lengthy trial that has captivated Silicon Valley. From 2010 to 2015, Holmes was a Silicon Valley sensation, and her fortune was once estimated at $4.5 billion.
She had raised $900 million in funding based on a false promise that Theranos' technology would revolutionize health care with simple, cheap and easily accessible blood testing, requiring only a finger prick instead of multiple vials of blood to check for multiple health issues. Holmes, 37, could face up to 20 years in federal prison.
On to ...
💡 TODAY'S INSIGHT: Looking to trim your wireless expenses in 2022? Your wireless carrier’s site won’t advertise this possibility, but you can drop your service and keep using its network by switching to a reseller that uses the same company's network, such as Visible (Verizon), Metro (T-Mobile) or Cricket and Consumer Cellular (AT&T). But you have to be prepared to live without some perks.
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MOOD MUSIC. Today's song comes from Pink Floyd's David Gilmour and goes out to anyone who found themselves stuck in an airport over the past few days: "There's no way out of here. When you come in, you're in for good."