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by gundmc 2424 days ago
I think your examples help prove the parent comment's point. Each of those companies faced a reckoning when they weren't able to deliver on their promises.
3 comments

WeWork had its valuation cut and the founder walked away with $1B+. Where can I sign up for this reckoning?
It is very possible that there will be action against Mr. Neumann. Any court of competent jurisdiction would likely rule that he was in breach of his fiduciary responsibility. There are even richer people who are not happy with him, who can hire even bigger armies of lawyers to make his life hard. I'm guessing they'll wait until they've got the company locked down and him out, then start going after him.
I wouldn't be visiting any Saudi embassies if I were him.
True, the founders can make out like bandits if they time it but the company itself will go down in flames if it's built on bullshit
Given this just happened, I don't think it is over yet.
What is Elizebeth Holmes' net worth before and after Theranos? Are we sure she did any real reckoning?
Supposedly she stopped paying her lawyers, so she might actually be broke.
Not the Amazon counterfeiters, yet.