Elizabeth Holmes was acquitted on all the counts involving patients. In each case the patients got bad results from Theranos. They suffered some harm, although the exact amount is in question. Perhaps there was some anxiety and certainly there was additional expenses to get retested at another place. The problem with the government’s case is that they did not prove causation.
There was insufficient proof that the patients relied on specific statements made by Holmes. They mostly chose to use Theranos because their doctors recommended it or because of general media coverage of this new company with cheaper tests. The tests were cheaper, so that part is true. Even if some of the patients did hear and rely on some of the company’s own false promotion, which I don’t recall being in evidence, there was no proof that Holmes herself made the specific statements that were relied on.