Photo: David Odisho/Bloomberg via Getty Images
Twists and turns in the Theranos trial

Good morning! This Friday, what we know so far in the Elizabeth Holmes trial, IBM has a strict new rule about vaccines, and the chip shortage spells trouble for the holidays.
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In Silicon Valley's eyes, Elizabeth Holmes seems to be very much presumed guilty rather than innocent. The industry has been quick to wash its hands of the CEO who used to be hailed as the next Steve Jobs.
But the dozen people sitting in the jury box (and the dwindling number of juror alternates remaining) haven't seen the headlines or read "Bad Blood." In their eyes, she's innocent until proven guilty, which is why the U.S. government has spent the last month calling everyone from General James "Mad Dog" Mattis to whistleblower Erika Cheung to the stand to convince the jury that Holmes intentionally defrauded investors and patients.
The trial is … an experience, with cameras swarming Holmes before she gets to the safety of the courthouse and lines filled with international media hoping for a ticket into the main courtroom.
But we're getting much deeper insight into the Theranos story than we've ever had before. Even if you think you've been keeping up, the trial is the first time we've heard Holmes' side of things — and we'll know more once we get to the defense's turn to call witnesses.
The key witness so far was a new face. Former lab director — and, as "Alan Beam," one of the original whistleblowers in this saga — Adam Rosendorff endured five grueling days of cross and re-cross examination from the defense.
Holmes' defense has struggled to undermine testimony from Rosendorff, other former employees, board members and partners who all said the company struggled with faulty lab tests and had investors believing Theranos used all of its own devices.
So will Holmes go to jail? This week, another juror left the trial after she found herself troubled at the idea of sending Holmes to prison. It could be a bad sign for Holmes that jurors are already thinking about sending her to jail — but it could also be a good sign that making her sympathetic to the jury is working if they're struggling with the idea of putting her away. At the snail's pace this trial has been going, let's hope we get an answer by the end of the year.
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The chip shortage may give Santa a tough time, Intel's Pat Gelsinger said:
On Protocol | Fintech: Square's Afterpay acquisition is a sign of "buy now, pay later" things to come, PayPal's Greg Lisiewski said:
Stablecoins shouldn't be treated like casino chips, Steven Mnuchin said:
Binance is going from no headquarters to several headquarters, CEO Changpeng Zhao said, and Ireland is part of the plan:
Tesla is moving to Texas. It's keeping its Fremont factory, but it's going to be an Austin-based company from now on.
Starry is getting SPAC'd. The broadband services firm is going public in a deal that could have a value of $1.66 billion.
Michael Shapiro is Apple's new corporate treasurer, Bloomberg reported. It's part of a bunch of other promotions within the company.
Bret Taylor thinks he'll be Salesforce CEO soon, sources told The Information. Taylor is the company's COO and president, and has been widely considered Marc Benioff's heir apparent.
Salvador Malo is Fragomen's new chief people officer. Malo was Microsoft's global head of HR strategy.
Rosie Perez and Scott Wagner joined DoubleVerify's board. Perez is SVP and CFO of American Express' global commercial services, and Wagner is a former GoDaddy CEO.
The dreaded holiday travel will soon be upon us, but maybe a ride-hailing app is your friend this year. Uber is rolling out some changes in hopes of making your trip to the airport a little more bearable.
In select cities like Portland and Seattle, you can book a ride to the airport about a month in advance. And if you really don't want to wait around for your ride, the company will offer an hour of complimentary wait time at no additional cost (don't worry, drivers will be compensated). It'll feel like your relative was waiting for you to hop off the plane the whole time.
We've invested $13 billion in teams and technology over the last 5 years to enhance safety.It's working: In just the past few months, we took down 1.7 billion fake accounts to stop bad actors from doing harm. But there's more to do. We're working to help you connect safely.
Thoughts, questions, tips? Send them to sourcecode@protocol.com, or our tips line, tips@protocol.com. Enjoy your day, see you Sunday.
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