Why is this published on their Investor page, against the reigning CEO?
It's mandatory that they have to disclose this
Independent directors of 23andMe resign from board
31–40 of 372 posts
Re: Independent directors of 23andMe resign from board
#32For the record, 23andme is one of the few companies where the CEO never once responded to one of my emails (2017, 2019, 2022, 2024). You can make a lot of money just by betting on companies where the CEO (or the CEO's office) takes listening to customers'(who are rooting for them!) emails seriously, and shorting those that do not.
Ok, please share more! Who responded and who didn’t?
Re: Independent directors of 23andMe resign from board
#33Literally just one day after 23andMe presented positive phase 2 clinical results for two anti-cancer drugs: https://therapeutics.23andme.com/news-and-research/ The board of directors of 23andMe just resigned in protest. The CEO, Anne Wojcicki (who's sister Susan died of lung cancer last month, and was the former CEO of YouTube) had tried to low ball take the company private at only $0.40 a share -- a more than 96% dr…
So sad that Blackstone bought ancestry.. newspapers.com is a really nice tool for researchers (and most things that get touched by PE end up enshittified)
Re: Independent directors of 23andMe resign from board
#34Literally just one day after 23andMe presented positive phase 2 clinical results for two anti-cancer drugs: https://therapeutics.23andme.com/news-and-research/ The board of directors of 23andMe just resigned in protest. The CEO, Anne Wojcicki (who's sister Susan died of lung cancer last month, and was the former CEO of YouTube) had tried to low ball take the company private at only $0.40 a share -- a more than 96% dr…
Why is she even the CEO? Was she placed there by Google once they bought 23andme?
She founded the company 18 years ago. Google invested like <$10 million at the beginning and pulled out just earlier this year.
Re: Independent directors of 23andMe resign from board
#35Earlier quoted context omitted.
Why is she even the CEO? Was she placed there by Google once they bought 23andme?
They haven't bought 23andme. but there is overlap, Anne was the former CEO of YouTube and wife of Sergey Brin
Anne's sister Susan, who died a month ago of lung cancer was CEO of YouTube. Susan was the person who advocated Google acquire YouTube in the first place.
Google was founded in the garage of Anne and Susan's childhood home. Anne was married to Sergei until he had an affair.
One of the board members of 23andMe is Neal Mohan who is the current CEO of YouTube.
Re: Independent directors of 23andMe resign from board
#36Why is this published on their Investor page, against the reigning CEO?
SEC regulations
Re: Independent directors of 23andMe resign from board
#37For the record, 23andme is one of the few companies where the CEO never once responded to one of my emails (2017, 2019, 2022, 2024). You can make a lot of money just by betting on companies where the CEO (or the CEO's office) takes listening to customers'(who are rooting for them!) emails seriously, and shorting those that do not.
You cold e-mail CEOs and get a >70% hitrate?
I gotta try this more often.
Re: Independent directors of 23andMe resign from board
#38They also just settled a class-action lawsuit stemming from their data breach: https://www.bleepingcomputer.com/news/security/23andme-to-pa...
The settlement is way lower than what it could have been. The settlement should be seen as positive news for the company's future, not negative.
Re: Independent directors of 23andMe resign from board
#39Re: Independent directors of 23andMe resign from board
#40Earlier quoted context omitted.
why are these companies worth so much, if not for sneakily monetizing and selling their user's most personal data?
The plan was always that DNA could be use for medical research, which is enormously valuable. And given that 23andme currently has a market cap 1/20th DJT (Trump Media & Technology Group Corp) -- a firm that makes less revenue than a variety store yet has huge losses -- I wouldn't really say it's "worth so much".
I wouldn’t compare any stock to DJT. MAGA voters value signaling, institutional investors playing games, foreign governments laundering money to the campaign, primary shareholder prepping for exit.
The companies actual revenue has zero impact and never will. Treat DJT like a NFT and it makes a ton of sense.