Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them
CB Insights
MARCH 6, 2019
A lawsuit filed by the Securities and Exchange Commission followed, with Holmes agreeing in a settlement to return millions of shares, pay a $500,000 fine, and refrain from being an officer or director of a public company for 10 years. That July, it banned Holmes from owning or operating a lab for two years. The rise and fall of Klout.
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