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Independent directors of 23andMe resign from board

investors.23andme.com

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Re: Independent directors of 23andMe resign from board

#61

Post by myth_drannon »

zzleeper wrote: post #33
LarsDu88 wrote: post #2

Literally 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)

Probably that's why Myheritage started oldnews.com... Although MH was also bought by PE

Re: Independent directors of 23andMe resign from board

#63

Post by [deleted] »

mensetmanusman wrote: post #20

“Nearly every baby born in the U.S. has blood drawn in the immediate hours after their birth, allowing the baby to be tested for a panel of potentially life-threatening inherited disorders. This is a vital public health program, enabling early treatment of newborns with genetic disorders; for them, it can be the difference between a healthy life and an early death. But recent news suggests that police are seeking acc…

[deleted]

Re: Independent directors of 23andMe resign from board

#64

Post by typeofhuman »

CSMastermind wrote: post #46
mensetmanusman wrote: post #20

“Nearly every baby born in the U.S. has blood drawn in the immediate hours after their birth, allowing the baby to be tested for a panel of potentially life-threatening inherited disorders. This is a vital public health program, enabling early treatment of newborns with genetic disorders; for them, it can be the difference between a healthy life and an early death. But recent news suggests that police are seeking acc…

My most radical political opinion is that we need a right to privacy enshrined in a constitutional amendment. And it needs to be robust enough to prevent the government from subpoenaing data collected by private companies.

The 4th Amendment should already do that.

Re: Independent directors of 23andMe resign from board

#66

Post by myth_drannon »

LarsDu88 wrote: post #51
AlbertCory wrote: post #47

Earlier quoted context omitted.

I suppose I should know this: who owns newspapers.com? What's the connection?

Ancestry owns newspapers.com A lot of Ancestry.com and AncestryDNA was founded to support the Mormon belief that the LDS church can posthumously baptize ancestors of living individuals into the church under the belief that many deceased individuals were not alive to hear the gospel of Joseph Smith. Thus the massive data collection effort for historical information like newpaper articles from this century and the last…

I think they stopped doing it. Jewish organizations were absolutely livid once they found out they were baptizing Holocaust victims.

Re: Independent directors of 23andMe resign from board

#67

Post by ilamont »

LeanderK wrote: post #6
LarsDu88 wrote: post #2

Literally 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…

what am I missing? Isn't this good news (the positive phase 2 results)?

Phase 2 is not a slam dunk. Much more work remains, and under the guidance of a CEO who has zero drug development experience and a track record of management incompetence:

- lying about growth

- pushing out the cofounder

- never making a profit

- hack that went undiscovered for months

About the only area she's had success is raising money and that's in large part thanks to being a member of the Silicon Valley elite.

Re: Independent directors of 23andMe resign from board

#69

Post by bpodgursky »

nextos wrote: post #18
LarsDu88 wrote: post #2

Literally 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…

Was the plan all the time to go B2B (drug development) and they just used B2C (selling SNP kits) to hoard samples? Even considering all FDA limitations, I cannot understand how bad their genetic risk scores are. They have talent, they have lots of customers and data. This is a position other companies, like deCODE, would have killed to be in.

It's culturally broken. They have talent but none of the talent ships products that consumers ever see.

Re: Independent directors of 23andMe resign from board

#70

Post by typeofhuman »

jonstewart wrote: post #9

They also just settled a class-action lawsuit stemming from their data breach: https://www.bleepingcomputer.com/news/security/23andme-to-pa...

I think data-breaches could carry the death penalty for companies.

I just got a notification from some health services company that my and my toddlers data was accessed. Including medical history, diagnoses, payment details, SSN, birthday. Why was this not encrypted? Given the world today, this is negligent. The government should be able to disolve the company and give the money to the victims.

If there was a willful disregard for "common security and privacy standards", criminal charges against the executive team.

You want my personal life data? It comes with steep personal risk.

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