The scariest thing about Elizabeth Holmes' new documentary is how much I wanted to believe her

Elizabeth Holmes in "You Can See Everything." A24 A24's new documentary about Elizabeth Holmes, "You Can See Everything," is in theaters now.

Directed by Nathan Fielder and Lance Oppenheim, it's more character study than straightforward doc.

The story about the downfall of Theranos has been told — but this one hasn't yet.

Elizabeth Holmes famously does not blink, whether she's pitching investors or, by her own admission, flirting with a guy.

Is her moony gaze haunting or hypnotic? A calculated act or proof of her naivete? At various points in A24's new documentary, "You Can See Everything," I vacillated between each of the above.

A good portion of Nathan Fielder and Lance Oppenheim's movie could be classified as a provocative staring contest, as Fielder probes Holmes about her life and the demise of her company, Theranos , in the weeks before she reported to prison to serve an 11-year sentence in May 2023.

The answers he gets from Holmes are rarely satisfactory. (At one point, she insists she's never told a lie in her entire adult life; despite being convicted of fraud, she maintains her innocence throughout the film.) But with the camera zoomed in tight on Holmes' every micro-expression and clump of mascara, the movie's power is in the questions it raises in the space between her words.

In these profoundly uncanny scenes, I found myself fluctuating between being freaked out by the lack of emotion in Holmes' vacuous gaze and, to my surprise, pitying her.

Then I'd quickly shift back to being freaked out, because what if pity was exactly the reaction that Holmes — a talented, convicted fraudster — was angling for? If she could manipulate her voice to sound more authoritative in the workplace, she could certainly adapt her face to appear more sympathetic onscreen.

It turns out that just because you can see everything, that doesn't mean you know anything.

At least not for sure. 'You Can See Everything' is not the movie it appears to be Nathan Fielder and Elizabeth Holmes in "You Can See Everything." A24 Much like its subject, "You Can See Everything" is a slippery mind-trick of a film — part character study, part psychological thriller, part surrealist thought experiment.

What it is not, despite its subject, is a movie about a tech company.

The story of how Holmes went from being named the youngest self-made female billionaire by Forbes to being convicted of defrauding investors as the founder and CEO of the blood-testing startup Theranos is well documented.