Lesson of Theranos: Fact-Checking Alone Isn't Enough

That fraud exists (in the Valley and elsewhere) shouldn't have been a lesson of Theranos. It should have been a lesson of Enron, or Madoff, or Worldcom, or Mt. Gox...

The real lesson in my view, which is briefly alluded to in the article, is the deliberate failure of technology "journalists" to ask any meaningful questions of companies at any time for years on end. Instead they serve as corporate cheerleaders for VCs, essentially appendages of internal PR machines. (The main exception would be Gawker, which is now bankrupt, and hasn't focused on the Valley for some time.)

It should make one wonder, which other companies are conning us now? Or with the stock market at an all-time high (again), are there any companies left that aren't?