To be fair, you can actually give money to WeWork and get some office space. They seem massively over-valued, and investors seem weirdly OK with Neumanns using self-dealing to feather his own nest, but its, like a real company with an actual business model, and so far as I can tell, they aren't really making objective lies to investors to get them to hand over crazy amounts of cash.
On the other hand, no could ever actually buy an "Edison" blood test machine from Theranos. They were purely a fraud.
I guess its sort of an interesting question about wheter it looks worse to lose money investing in a billion dollar product that would legitimately be worth billions but doesn't exist, or one that does exist but isn't worth billions.