Will Biotech Meat Become The Next Tech Scandal?
The failures of FTX and Theranos should serve as cautionary tales.
My latest article for Forbes describes how the shocking (but not surprising) downfall of the latest Silicon Valley darling, Sam Bankman Fried, along with the financial collapse of his company FTX, should be a wake-up call to those betting on the false promise of biotech meat, also known by its euphemism of “cultivated meat”.
Particularly when combined with the recent sentencing for multiple counts of fraud of the former CEO (11 years) and COO (13 years) of the failed blood testing company, Theranos, the numerous parallels are striking.
You can read the rest of the article at Forbes.com.
P.S. Many thanks to those who already voted in my reader poll. So far the “winners” are food industry BS and all of the above. That’s pretty much where I land.