23andMe lays off 100 people as DNA test sales decline
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Re: 23andMe lays off 100 people as DNA test sales decline
#2I just wonder what happens to everyone's DNA data as the company faces financial trouble and/or sells itself. That's in addition to any concerns about possible security breaches that might occur.
Re: 23andMe lays off 100 people as DNA test sales decline
#3> Wojcicki has theories, but she doesn’t have clear proof for why consumers are shying away from getting tests
Because the ones that want them have gotten them and there's no reason to ever buy the product again once you've done it once.
I mean, smartphones are great, but the market for them would have hit a wall pretty quickly if no one ever had a reason to replace them after buying their first.
Re: 23andMe lays off 100 people as DNA test sales decline
#4> Wojcicki has theories, but she doesn’t have clear proof for why consumers are shying away from getting tests Because the ones that want them have gotten them and there's no reason to ever buy the product again once you've done it once. I mean, smartphones are great, but the market for them would have hit a wall pretty quickly if no one ever had a reason to replace them after buying their first.
I mean, there's the fact that companies like this also provide your data to DNA databases that governments and other companies have access too. That seems like a good reason to shy away from getting their tests done.
Re: 23andMe lays off 100 people as DNA test sales decline
#5> Wojcicki has theories, but she doesn’t have clear proof for why consumers are shying away from getting tests Because the ones that want them have gotten them and there's no reason to ever buy the product again once you've done it once. I mean, smartphones are great, but the market for them would have hit a wall pretty quickly if no one ever had a reason to replace them after buying their first.
And then there's the fact that if your parents did it, why would you do it? My parents did it so now I have exactly zero reason to do it myself.
Also all the negative publicity behind data being sold, which should surprise nobody.
Re: 23andMe lays off 100 people as DNA test sales decline
#6DNA testing still isn't ready for general use, giving conflicting / arbitrary results: https://www.healthista.com/dna-genetic-test-review-three-dif...
I'm guessing it's the trough of disillusionment in the hype cycle, and DNA testing will suddenly get really popular in a few years.
Re: 23andMe lays off 100 people as DNA test sales decline
#7> Wojcicki has theories, but she doesn’t have clear proof for why consumers are shying away from getting tests Because the ones that want them have gotten them and there's no reason to ever buy the product again once you've done it once. I mean, smartphones are great, but the market for them would have hit a wall pretty quickly if no one ever had a reason to replace them after buying their first.
And then there's the fact that if your parents did it, why would you do it? My parents did it so now I have exactly zero reason to do it myself. Also all the negative publicity behind data being sold, which should surprise nobody.
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Re: 23andMe lays off 100 people as DNA test sales decline
#8I can't believe they've received three quarters of a billion dollars of investment.
Re: 23andMe lays off 100 people as DNA test sales decline
#9DNA testing still isn't ready for general use, giving conflicting / arbitrary results: https://www.healthista.com/dna-genetic-test-review-three-dif... I'm guessing it's the trough of disillusionment in the hype cycle, and DNA testing will suddenly get really popular in a few years.
or they miss-estimated their market size and growth. I don't think most people care about DNA testing.
Re: 23andMe lays off 100 people as DNA test sales decline
#10Everyone paying attention the pattern of layoffs? Ebay, Mozilla, DigitalOcean, 23andMe, Intel...
Pay down your credit card debt and make sure you have at least 6 months of expenses in the bank, if you're young and haven't been through this before.