“Holmes’ punishment does come amid signs of a tech sector becoming less frothy. Both Big Tech companies and startups are laying off staff, new $1 billion companies are becoming harder to spot and venture capital firms are warning of a tough road ahead. Has the tech bubble burst, or is it about to burst? That determination, experts say, is easier made in hindsight”.
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The more important question is: why didn’t those millions of highly skilled + talented Indians Silicon Valley imported keep the place booming as promised?
And why does America continue guest worker visa programs which clearly cause recessions?
Notice how all of a sudden Balwani – the COO and the real culprit – is suddenly no longer in the news.
Holmes was just a naive young kid who got sucked in by crime boss Balwani who was the one in charge of day-to-day ops. He probably kept lying on progress and fed Holmes lies as to advancement on the technology while piles of H-1B workers from India sat around collecting paychecks for nothing.
Theranos and the Boeing disaster are exactly same the same – both had Indian executives running the places – except that Theranos was a startup and Boeing isn’t.
Beware, America, when you get involved with the Indian mafia.
Imagine sitting in your cell in prison every day for 11 years knowing the only reason you are there is because some conman from India lied to you.