• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
TechData Sheet

Data Sheet—The Theranos Saga Shows Why It Pays to Be Skeptical

By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
March 25, 2019, 8:19 AM ET
Add Fortune on Google for similar content.

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.

This weekend I finished watching The Inventor: Out for Blood in Silicon Valley, Alex Gibney’s documentary about Elizabeth Holmes and Theranos. It is chilling, painful to watch, and a reminder of why it pays to be skeptical. If something is too good to be true, and if lots of smart but otherwise unqualified people repeatedly say so, it probably isn’t true.

I winced watching my former colleague Roger Parloff, an honorable man and a talented journalist, recount how he’d been duped by Holmes. I cheered the tenacity of The Wall Street Journal’s John Carreyrou, who refused to be bullied by the once-respectable lawyer David Boies. And I deeply admired the courage of the Theranos employees who spoke truth to power in trying to correct the dangerous record their company was peddling.

Not having yet read Carreyrou’s book, Bad Blood, I hadn’t realized how much Holmes tried to mimic Steve Jobs and Apple, well beyond her penchant for black turtlenecks. Secrecy at Theranos extended to internal groups. Clever, clean marketing created a narrative that masked the complexity of the product. Apple, of course, made computers and phones, not blood-testing equipment.

***

I got plenty of feedback from my column last week advocating the repeal of a key law that excuses Facebook, YouTube, and other Internet “platforms” from being treated legally as the publishers they are. I’ll come back to the subject as soon as possible. In the meantime, I found two meaningful quotes from people in a position to effect change.

One is from Jacinda Ardern, the prime minister of New Zealand, speaking to parliament in the wake of the heinous terrorist act in her country having been livestreamed on Facebook. “We cannot simply sit back and accept that these platforms just exist and that what is said on them is not the responsibility of the place where they are published,” she said. “They are the publisher, not just the postman.”

Robert Thomson, CEO of Wall Street Journal publisher News Corp., made a similar point in an op-ed in his company’s paper. “The creators are still being slain by the distributors, who are publishers, though they find it hard to pronounce the word,” he wrote. “If you are intervening to filter out offensive material, you’re editing, and if you are editing, you should aspire to be a great editor, not selective and reactive but proactive.”

Change is coming. It’s just a matter of time.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

NEWSWORTHY

It's showtime. After a week of new product announcements on Twitter, Apple returns to the Steve Jobs Theater on Monday with a program likely focused on its new subscription video and news services. The event begins streaming at 10 a.m. Pacific, 1 p.m. Eastern. And while Tim Cook & Co. explore the future of television, Viacom and AT&T had one of those old school TV battles. Under a just-announced new deal, AT&T's 24 million pay TV customers will keep access to Viacom channels including MTV, Comedy Central, and Nickelodeon after a weekend of intense negotiations. And in the third act of the future of TV, YouTube is canceling its plans for more expensive scripted shows, Bloomberg reports.

Collectables. In the latest of the parade of tech unicorns prancing towards the stock market, Pinterest made public its previously confidential filing to go public. Sales jumped 60% to almost $800 million last year, generating a loss of $63 million. Goals for the future? "We want to make Pinterest more shoppable.”

The merge before the storm. Speaking of unicorns going public, Uber is bulking up before its IPO, acquiring competitor Careem for $3.1 billion. Careem offers ride hailing and food delivery in the Middle East and Africa.

Adding some costs. No-fee trading stock trading startup Robinhood made its first acquisition, and it’s a millennial-focused podcast and newsletter producer called MarketSnacks, Fortune reports. To be renamed with the metaphor-busting title Robinhood Snacks, the aim is to provide market news and insights while retaining "editorial independence."

Play by our rules. After requiring that scooter companies provide location data about the start and end of all rides, the Los Angeles Department of Transportation is getting ready for a possible crackdown. It approved only a one month operating permit for Uber, which doesn't want to provide the location data, versus one year permits for Lime and Bird, which are supplying the data about their customers.

FOOD FOR THOUGHT

Machine learning and artificial intelligence apps are all the rage but they need to start with data. And that data isn't always easy or economical to obtain in a format computers can use. Thus the exploding "data labeling" market in India. FactorDaily reporter Anand Murali spent some time delving into this budding niche and explains how it works:

Algorithms today have the ability to absorb more data and, hence, be more accurate. As long as the data is good and clean, feeding another million datasets to an algorithm will inch up its accuracy. This has caused an unending hunger for well-annotated and labelled data for A.I. algorithms and applications. Today, data preparation and engineering tasks account for more than 80% of the time involved in most A.I. and machine-learning projects, according to the Cognilytica report. “If you talk about autonomous driving, one hour of video data can lead up to 800 man-hours of work,” says Siddharth Mall, chief executive of Bengaluru- and San Francisco-based Playment, which works mostly in the autonomous vehicles space.

IN CASE YOU MISSED IT

Spotify Wants You to Listen to Less Music By Aric Jenkins

Why the Olympic Games Are Steering Clear of E-Sports By Lisa Marie Segarra

GoFundMe Pledges to Shut Down Anti-Vaccination Campaigns By Alyssa Newcomb

This Leadership Move Shows That Netflix Is Focusing on Hollywood, Not Silicon Valley By Laura Stampler

Microsoft Revived and Killed Clippy—Office's Infamous Mascot—All in the Span of One Day By Alyssa Newcomb

German Airports Suffer Delays and Cancellations Following Air Traffic Control Tech Failure By Grace Dobush

Why Africa's Biggest Media Firm Wants to Create Europe's Biggest Consumer Internet Company By David Meyer

BEFORE YOU GO

He's probably older than your grandparents. This Saturday will mark the 80th anniversary of the arrival of Batman in Batman! Detective Comics. New York Times editor George Gene Gustines has a review of the Caped Crusader's career highlights, complete with the comic book cover art (like Batgirl debuting in 1966, issue #359). The upcoming issue #1,000 coming out this week returns to a case from the from the very first issue.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.

About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Adam Lashinsky
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
NewslettersCIO Intelligence
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
By John KellJuly 1, 2026
6 hours ago
Anthropic CEO Dario Amodei
AIAnthropic
Anthropic’s AI models are back online after a two-week government standoff—settling the company and administration into a fragile truce
By Tristan BoveJuly 1, 2026
6 hours ago
Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
7 hours ago
Current price of Ethereum for July 1, 2026
Personal FinanceEthereum
Current price of Ethereum for July 1, 2026
By Joseph HostetlerJuly 1, 2026
9 hours ago
In this photo illustration, a Cisco logo is displayed on a smartphone with Artificial Intellingence (AI) symbols in the background.
AICFO Daily
Cisco is rolling out AI agents to every single one of its 90,000 employees
By Sheryl EstradaJuly 1, 2026
10 hours ago
senate
CommentaryCongress
One rare bipartisan AI bill is moving through Congress. Here’s why it deserves to pass
By Neil Björkman and Betsy BrewerJuly 1, 2026
11 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
15 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
13 hours ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.