A new documentary film directed by Nathan Fielder and Lance Oppenheim reveals that Billy Evans has been managing Elizabeth Holmes's X account since her incarceration in May 2023 . While the former Theranos CEO remains in prison ,her digital presence has undergone a radical transformation.

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The $9 billion fall and the rise of a MAHA persona

The evolution of Elizabeth Holmes's public image marks a stark departure from her days as the face of a $9 billion health technology empire. After being convicted of fraud and conspiracy in January 2022, Holmes began serving her prison sentence in May 2023. As the documentary highlights, the former Theranos founder is now navigating a new landscape of political engagement, specifically tapping into the growing "Make America Healthy Again" (MAHA) mvoement.

This transition from a Silicon Valley darling to a figure embedded in conservative digital circles suggests a calculated attempt to rebuild a brand that was once defined by medical innovation but is now defined by social media controversy. This digital shift has even led to speculation that the Theranos founder could be attempting a public comeback through these new alliances.

Attacking Greg Casar and quoting Donald Trump

The content being posted to the Holmes X account has frequently leaned into partisan rhetoric, according to the film's findings. The account has notably engaged in several high-profile political maneuvers, including:

  • Quote-tweeting President Donald Trump with the phrase "we are winning."
  • Directing sharp criticism toward Democratic Congressman Greg Casar.
  • Quoting Casar by stating that the "nine most terrifying words in the English language are: I am from the Government, and I am here to help."

These posts have contributed to a polarizing digital footprint that differs significantly from the corporate persona Holmes maintained during the height of the Theranos era, as reported in the film's details.

Billy Evans's "dumbest thing" admission on the All-In podcast

Billy Evans, the man identified by the film as the primary driver of these posts, has reacted to the documentary with a mix of skepticism and self-deprecation. During a recent appearance on the All-In podcast, Evans admitted that while he had not yet viewed the full film, he acknowledged the project "could be the dumbest thing I have ever done."

The documentary, co-directed by Nathan Fielder and Lance Oppenheim, has been described by some viewers as one of the best films of the decade. Theater audiences have reportedly reacted to Evans's actions with audible gasps and laughter, suggesting his portrayal is far from heroic.

The discrepancy between prison emails and X posts

One of the most significant questions raised by the documentary involves the true authorship of the controversial tweets. While Evans claims that some of the social media activity is derived from actual emails sent by Elizabeth Holmes from her prison cell , the film suggests a different reality.. Viewers are left to wonder how much of the account's brash, political tone is a direct reflection of Holmes's current beliefs and how much is a curated performance managed by Evans. It remains unverified whether Holmes is actively directing the political pivot or if Evans is acting as a digital proxy for a persona that no longer exists.