People have been comparing magic leap to theranos for years but neglecting the major differences between the two. Magic leap will at least have a product out that does not need to meet stringent FDA guidelines. Magic leap is not being sued by its own investors (they’ve had separate legal issues but not that). And magic leap is not shuttering it’s offices. They’ve revealed their product two months ago and are doing multiple public presentations in 2 weeks. It’s looking more and more likely that a product is actually coming to market and that investors gave them that sum simply because it’s a real product they see a future in.