Theranos was already the Theranos of tech. Magic Leap is just an overhyped product that promised more than it could deliver, not an outright fraud that jeopardised the health of its users.
Or if by tech you mean "purely software (preferably Internet-based) company", Magic Leap does not fit into that category any more than Theranos does, both being primarily hardware companies.
Waiting for Star Citizen to use Coronavirus to finally admit they’ll never finish the game.
I caught up recently with the friends of mine who had spent the most money on that game (at least a couple hundred.) The system requirements have grown past what any of their hardware is capable of.