Theranos has been in hot water lately for under-delivering on its promise to revolutionize blood tests — and this week, it seems, one more thing didn’t work quite like it was supposed to for the embattled company.
Chief executive Elizabeth Holmes was scheduled to host a fundraiser for Hillary Clinton at Theranos’s headquarters in Silicon Valley on Monday. But in an abrupt about-face, the campaign relocated the event to the private home of a tech entrepreneur.
Here's Chelsea Clinton w/ Elizabeth Holmes, CEO of Theranos, at the campaign's San Francisco fundraiser today: pic.twitter.com/YHvY4HH2QP
— Ruby Cramer (@rubycramer) March 21, 2016
The change followed a storm of rough publicity last week as outside analysts pondered whether the Theranos connection could become a political liability for Clinton — and perhaps cast a bad light on the company itself.