[Perspectives] Digital snake oil
Silicon Valley is a crucible of contemporary power. Technology parks burgeon with purposeful startups. Sometimes the Silicon Valley dare pays back handsomely with successes such as Apple, Google, and Airbnb. Sometimes the bite back comes after years of success—like Facebook and the scandals of fake news and data handling. Then there are companies like Tesla with an enormous idea and investment but little financial return as yet. And then there is Theranos, a medical technology company whose story serves as a surreal parable for how not to do it.