New York Times wrote:

Ms. Holmes’s unusual status, as a young woman who created and controlled a company seemingly valued at about $9 billion, captivated the media: She graced countless magazine covers, including T: The New York Times Style Magazine. Theranos, she said, would revolutionize the lab industry by offering blood tests from a single finger prick at a fraction of the cost of traditional testing.

But over the last year, Theranos became the subject of a series of hard-hitting Wall Street Journal articles and intense regulatory scrutiny from an array of federal agencies.

The media is now mesmerized by Ms. Holmes’s fall. Truth be told, the half of the $9 billion valuation ascribed to Theranos and previously listed as Ms. Holmes’s wealth was nothing more than an estimate based on investors’ best guesses. Taking into account all the controversy and uncertainty surrounding the value of the company’s top-secret technology, Forbes is now guessing that the company is worth more like $800 million. While Ms. Holmes still owns at least half of the company, much of that value would be tied up with outside investors.