The cited record supports the material proposition.
The New York Times reported in September 2018 that Theranos was preparing to close and dissolve.
the company is making preparations to close its operations
- About
- Theranos, Inc.
- Claim made by
- The New York Times, press report
- Published
- 5 September 2018
- Original
- Theranos Is Shutting Down
- Evidence score
- 61 How it was scored
- Last reviewed
- 25 October 2026
Why this label
Reed Abelson reports a letter to shareholders from the company's chief executive and general counsel saying the company was out of timeS5. The report says dissolution was expected to take six to 12 monthsS5. It reports that federal regulators barred Holmes from owning and operating a laboratory for two years in 2016S5. We did not find or read a state dissolution filing within this review or the 2016 regulator letter, so the support rests on press reporting of a company letter. No record we read shows the company resuming business.
Current procedural position
Company announced plans to dissolve in a shareholder letter in September 2018S5. No registry record of the final dissolution date was read as of 25 October 2026.
Record supporting the assessment
the process of dissolving the company is expected to take six to 12 months
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 61 of 100
The score grades how well the record establishes this assessment. It is not a score of Theranos, Inc.. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 14 | 30 | Named press report of a company letter, not a registry filing. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 18 | 20 | The report states the plan to close and dissolve. |
| CorroborationDo independent records support the same material point? | 5 | 15 | The report credits the WSJ with first reporting, which we did not read. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 8 | 15 | A planned dissolution, with the final filing not checked. |
| CurrencyHas the record been checked against later developments? | 8 | 10 | No later record of revival was found. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 8 | 10 | The syndicated report is public. |
| Total | 61 | 100 |
Timeline
Revision history
- Assessment first published with label Supported.
Have a record that changes this assessment? See corrections and responses.
Sources
- S5Tier C Theranos Is Shutting DownThe New York Times via WRAL. Press report. 5 September 2018.Report by Reed Abelson on the shareholder letter and the 2016 lab ban. It is not a registry record.Link working, checked 25 October 2026
Other claims about Theranos, Inc.
- Contradicted93Theranos represented to investors that its portable blood analyzer could run a full range of blood tests from finger drops of blood.Regulator statement, 14 March 20182 records citedProduct claims
- Partly supported83The SEC said in March 2018 that Theranos, its CEO and its former president carried out a massive fraud, and that the company was liable for it.Regulator statement, 14 March 20184 records citedFraud
- Supported81Courthouse News reported in May 2025 that the Ninth Circuit denied the former Theranos chief executive's request for en banc rehearing after upholding her conviction in February.Press report, 8 May 20252 records citedFraud