To some extent. While it draws inspiration from actual history, the story might have been embellished or adapted to make it more engaging for the audience. But the core elements are rooted in truth.
Yes, the Elizabeth Holmes story is based on real events. Her downfall and the issues related to her company Theranos were widely reported and investigated.
No, it's likely fictional. Most stories like this are created for entertainment or to convey certain themes and ideas rather than being based on real events.