Tribune

Dead Unicorn Walking? Theranos Fires Another 40% Of Staff

In October we noted that the death of Theranos has been long coming - ever since the WSJ' John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes - but now following the second round of massive job cuts, it appears the final nail in the coffin of this 'fake news' unicorn is being struck. As Bloomberg reports, the startup will eliminate 155 more positions, leaving 220 employees (down over 70% from highs).

The Christmas Truce And The Future Of War

How widespread do you think it really was and do we make more of the Christmas Truce than we ought to because it’s so hopeful, in other words, it’s something we want to believe in? "...the threat that would be posed to the establishment, to the generals, and the politicians by having rank and file soldiers, sort of awakened to the idea of the preposterousness of the war."

Frontrunning: December 21

  • Futures little changed after Dow, Nasdaq hit records (Reuters); Europe Stocks’ Rally Dims as Banks Drop; Oil Gains (BBG)
  • Monte dei Paschi says could run out of liquidity after four months (Reuters)
  • Spanish Banks Lose EU Case on Mortgage Interest Repayments (BBG)
  • Russia says trust needed for global oil output deal to be success (Reuters)
  • U.S. plays down absence from Moscow talks on Syria, says not 'sidelined' (Reuters)

US Treasure Hunter To Remain In Jail Until He Tells FBI Where He Hid 3 Tons Of Gold

Famous U.S. treasure hunter, Tommy Thompson found a trove of gold coins and bars on the floor of the Atlantic ocean back in 1988. What happened next is ever bit as thrilling as a Hollywood movie as Thompson evaded his investors and U.S. Marshals for over a decade..."he had almost limitless resources and approximately a 10-year head start."