Initially, the titular role of Elizabeth Holmes in The Dropout was set to be played by Saturday Night Live's Kate McKinnon, who had to step away from the project due to scheduling conflicts.
The name 'The Dropout' is inspired by Holmes' decision to drop out of Stanford University, something that during the peak of her success was referenced in many an interview and profile piece about her.
The drama series starring Seyfried (set to air on Hulu) will be called The Dropout, after a hit podcast of the same name that also discusses Holmes' rise to the top and subsequent fall, and is believed to be kicking off shooting this summer. However, due to the COVID-19 pandemic and Holmes' pregnancy (she is due to give birth in July) the trial has been delayed until 31 August 2021. In June 2018, a federal grand jury indicted Holmes and Theranos' former chief operating officer, Ramesh Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing blood tests with falsified results to consumers. The selling point of Theranos was that it claimed it could carry out blood tests using only a tiny amount of blood and provide results in record time - however, following journalistic and regulatory investigations in 2015, major inconsistencies with the 'incredible new' technology were revealed. Quickly, Holmes' fortunate dropped to an estimated $0 and she was accused of fraud, and misleading investors and the government. Oscar-nominated actress and Mean Girls legend, Amanda Seyfried, has landed an incredibly juicy new role playing Elizabeth Holmes – who, for the unfamiliar, was the founder of the doomed blood-testing start-up, Theranos.Īt one time, the company was valued at an incredible $9 billion and Holmes was declared the "youngest self-made female billionaire", but it was later discovered that Theranos was based on faulty technology, putting the lives of thousands in danger.
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