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Is Elizabeth Holmes a Villain a Sufferer?
New-York News

Is Elizabeth Holmes a Villain a Sufferer?

Last updated: October 25, 2026 9:32 am
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That is the most recent version of The Critics, our weekly roundup of important opinions, essays, and conversations. Need to have it arrive in your inbox each Friday? Join right here.

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There have been whispers, ever since You Can See Every part’s shock premiere at Telluride Movie Pageant final month, that Nathan Fielder and Lance Oppenheim’s genre-innovating three-hour epic following former Theranos CEO Elizabeth Holmes and her tech-bro companion, Billy Evans, within the weeks main as much as her incarceration was the craziest film of the yr — probably additionally the perfect. Leaving my screening final week, I overheard reactions starting from “she’s even worse than I imagined” to “poor Liz.” To viewers, the questions sparked by You Can See Every part really feel private and nearly existential. Up shut and stripped of her signature black turtleneck, Holmes seems sympathetic — but in addition most likely much more versed within the craft of manipulation than we thought. Is it okay to pity her anyway?

After every week of respecting the sanctity of spoilers, our critics have assembled to debate the film intimately. —Jasmine Vojdani, senior publication editor

How are you feeling about Elizabeth Holmes proper now? Did this film change the best way you understand her, and why?

Alison Willmore, critic: I didn’t really feel a particular quantity of sympathy for her the primary time I noticed it. You’ll clearly really feel for somebody being parted from their youngsters on a fundamental human stage. The concept she was a sufferer who both, by her personal account, by no means thought she was mendacity — a wild declare — or was manipulated and puppeted the whole method had by no means struck me as believable. The second viewing, I assumed extra about how, if you spend that a lot time with anybody, you begin to really feel for them and understand them in all of their human vulnerabilities and weirdnesses. Is humanizing somebody additionally inevitably sort of like sympathizing with them?

Fran Hoepfner, senior information author: I don’t suppose it’s, which I believe is without doubt one of the actually efficient issues concerning the film. I don’t really feel sympathy, however I believe the movie invitations you to really feel a sort of empathy for her.

Jackson McHenry, critic: I hold enthusiastic about the scene the place Nathan is speaking to Elizabeth about David Blaine placing the ice choose via his hand; it’s not likely a trick, it’s that you’re keen to go that far. Here’s a lady who’s doing that very same factor psychologically. A magician’s admiration for one more magician will not be essentially the identical as sympathizing with them. Chances are you’ll know Holmes was doing horrible issues to Theranos’s whistleblowers and potential prospects, however you additionally simply need to see how she will get the ice choose via her hand.

Hershal Pandya, comedy reporter: It’s fascinating that that is going to be the first dialog concerning the film when it’s not likely a dialog concerning the film as a bit of artwork. Nevertheless it’s inconceivable to not interact in these questions. Clearly she’s responsible, clearly there’s intent that went into what she did. There’s a very good likelihood that she was manipulated indirectly and nonetheless is being manipulated. You could be a unhealthy tech CEO and likewise be manipulated by individuals.

Primarily based on the place the film ends, do you suppose it desires us to really feel a sure method towards her? 

F.H.: It looks like an entire movie, however in some ways it additionally feels unfinished. I’m glad they’d the liberty to take two years off and are available again to make the second half of the film, which makes the entire of it work. The place it chooses to finish feels comparatively arbitrary, and the open-endedness, I believe, is a big plus of the movie. I like that it sits with an unknowingness.

H.P.: The factor that Nathan struggles with most is when he tries to graft a story in hindsight on high of a bunch of formless issues he shot. When he’s composing the e-mail he sends to her in jail and says, “I’m going via a breakup”  — there’s no motive to inform her that apart from to make it appear to be he’s developed some connection to her.

A.W.: I believe there’s a specific amount of engineering in him selecting to make that data a part of the movie. I noticed it as an ironic parallel: Right here you’ve these two potential tech sociopaths who look like in real love, and Nathan Fielder, our stalwart hero, can’t preserve a relationship and is sitting by himself on this wet day. 

I like the best way it ends on the concept of, Did I get swindled by this individual? Is empathizing with somebody getting swindled by them? The film ends with a sort of shrug, which is certainly one of its greatest qualities.

I don’t suppose you’ll be able to understate simply how shocking this movie is if you see it for the primary time and Amanda Seyfried seems. Why was she so important?

J.M.: Initially, she says all of the issues that you’ve got been pondering. You’re caught in that bungalow with Nathan and you then lastly have an individual who’s like, “Wow, that is loopy. What’s occurring?” It’s fascinating how a lot she then strikes from viewers surrogate to topic of the documentary to her amazingly actor-brain-y factor of like, “I may do that.” She’s additionally such a reactive individual amongst people who find themselves masking on a regular basis. She’s providing you with all of the human reactions that you simply haven’t been seeing.

Additionally they most likely wanted a girl, I believe. 

J.M.: Sure. Billy reacts so otherwise to a girl in his house and it is advisable know that.

F.H.: The one second when the movie sort of passes the Bechdel take a look at is the interplay on the telephone the place Amanda, caught off guard, says “You’re superb!” and Elizabeth is like, “I don’t know if I knew that you simply had been speculated to be right here.” That one minute is so fully horrifying and humorous.

A.W.: The picture of Elizabeth 1.0 — the Theranos Elizabeth — was that she was the one girl within the room, and he or she acquired there by principally doing Steve Jobs drag. There’s the concept there’s solely room for certainly one of them, and the time the place they contact for a second looks like a disturbance within the universe. When she says “I don’t know if I knew” — which is such a bizarre factor — I puzzled whether or not she’s masking herself legally as a result of she will be able to’t have organized to do a name that she knew can be recorded, which Billy says may get her transferred to a different jail. That might recommend she’s rather a lot cannier than the picture she presents.

H.P.: I like how a lot Amanda’s presence literalizes the subtext of Nathan’s work that he’s been making all these years about how a lot efficiency warps individuals’s capacity to know the reality, what number of liberties you’re capable of take with the reality with out making it unethical.

A.W.: The music additionally acknowledges that this can be a riff on Vertigo, through which the preliminary individual was a persona anyway. Then you’ve somebody reverse-engineer her again into existence by having somebody play her.

It tickled me that Nathan’s Rehearsal strategies really simply work as re-creation. 

A.W.: Lance’s pursuits have additionally at all times been in what he calls “docufantasia,” this sort of Herzogian ecstatic-truth factor.

What did you consider the meta-narrative through which Billy stands to revenue off the film, supposedly unbeknownst to Elizabeth, and in the end provides up his share?

F.H.: I like that it doesn’t jeopardize the film in any respect. Nathan understands that the present should go on. The company folding cracks the entire thing open. I additionally just like the second the place you as an viewers member briefly then additionally really feel implicated since you’re like, Wait, I’m right here opening weekend. I’m paying these individuals.

J.M: I believe it was Max Learn who made the purpose that this can be a good film the place the primary half is 2010s tech and the second half is 2020, when it strikes the middle of gravity from California to Austin: Billy is on a gun ranch, his more and more massive necklaces, his sniffling. It’s concerning the additional radicalization of the already libertarian tech fantasia rotting and turning extra aggressively delinquent and fascist and technocratic.

F.H.: There’s additionally the shifting relationship between tech and comedy. A number of these tech guys beloved comedy till they began seeing themselves because the butt of the joke.

H.P.: It makes me surprise how a lot Nathan and Lance had been pulling again on his extra rancid moments from the primary a part of the film to indicate an enormous flip for the second half.

A.W.: You can blame this on the methods through which the tech world has modified its relationship to the media; Billy sees them as media even once they’re speculated to be on his aspect. He’s making an attempt to present them cues about who he thinks they need to unravel, what Liz’s opponents did to her. However by the second half, he’s brazenly interfering in any messaging he doesn’t like.

On that word, I’m nonetheless haunted by the very transient appearances of Elizabeth’s mother and father, particularly when her father says she went flawed beginning when she acquired raped. I’m relieved Nathan didn’t dive into that however I’m unsure what to consider it. 

F.H.: It’s a very good determination to not observe that as a thread, but it surely additionally simply sits there. What can we do with that data?

A.W.: It’s like an anvil within the center. Should you observe the dad’s prepare of thought, that this basically shattered one thing inside her and that all the pieces that’s come since has been affected by it, you need to know what he thinks of this present relationship.

J.M: A few of the central questions of the film are “What do you suppose love is? Do you suppose that these individuals expertise it or not? Does that make them higher or worse individuals?” It’s all sure up. And is Liz okay with this or not? It’s arduous to know as a result of she’s such a con lady.

Do you suppose she knew who was on first? 

A.W.: No.

F.H.: Genuinely no.

H.P.: It doesn’t matter. It’s a Nathan for You joke that he smuggled into the film. She most likely doesn’t get humor. However there’s additionally a risk that she felt she needed to carry out her response in actual time.

J.M.: The film can also be an argument for the humanities. It’s concerning the significance of a liberal-arts training.

Open the colleges!

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