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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

#111

Post by dekhn »

ilamont wrote: post #67
LeanderK wrote: post #6

Earlier quoted context omitted.

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.

you left out "ignored a letter from the FDA telling them to shut down"

Re: Independent directors of 23andMe resign from board

#112

Post by teitoklien »

neuroelectron wrote: post #91
wslh wrote: post #58

What is a good alternative to 23andMe that retain confidentiality, and is it enough to use/play with Python packages for genetics

Home lab

DIY tips please on how to do it

What do I need, centrifuges ?, Electrophoresis gel ?, X-RAY machines,

Or hand held dna scanning devices like these : https://arstechnica.com/science/2018/01/pocket-sized-dna-rea...

?

Re: Independent directors of 23andMe resign from board

#113

Post by dekhn »

SoftTalker wrote: post #10

Zero chance I ever give my DNA to one of these companies.

I took an alternate approach: my genome is freely available: https://my.pgp-hms.org/profile/hu80855C

When I was sequenced, a bunch of genetic counselors at Illumina analyzed it and said they couldn't find a single gene mutation that was linked to increased risk of disease, which was a surprise to me but is really absence of information rather than information of absence.

Re: Independent directors of 23andMe resign from board

#114

Post by LarsDu88 »

quesera wrote: post #95
mulderc wrote: post #82

Earlier quoted context omitted.

It is a pretty important aspect of Latter Day Saint theology. They still do it but officially you can only baptize your own family members with the permission of surviving family members. These guidelines are not always followed. Additionally they have said they removed people from their rosters that were improperly baptized but the members I have talked with are skeptical and found it a bit laughable that the church…

On the topic of laughability, I would propose that "invoking a dead stranger's name in a self-significant ritual" is absurd to do, and also absurd to be offended by. I hereby grant permission for my name to be invoked in all rituals, sacred and profane, by all current and future living persons. And I'll laugh at you in advance.

Que sera, sera

Whatever will be, will be

The future's not ours to see

Que sera, sera

Re: Independent directors of 23andMe resign from board

#115

Post by dekhn »

peanutz454 wrote: post #103
zetsurin wrote: post #98

Earlier quoted context omitted.

Maybe too far fetched? Company sells/loses data, insurance companies use data to deny coverage, or deem claims as pre-existing.

Can an insurance company deny claim based on your DNA? They deny claims for pre-existing condition that you hid from the, which would be the wrong thing to do on your part. They cannot deny claim based on pre existing disposition. Practically everyone is predisposed for getting cancer by merely being human, you might even have cancerous cells in your body right now, that you body will destroy in a couple of minutes.

Health insurance in the US can't- it's protected by a law called GINA. Life insurance, however, can use DNA information.

Re: Independent directors of 23andMe resign from board

#116

Post by dekhn »

breck wrote: post #15

For 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.

Anne gave us the cold shoulder, too. if you're not in her list of people she wants to talk to, she'll ignore you. Susan was very different- extremely open and caring if you sent her an email when she was VP of Ads.

Re: Independent directors of 23andMe resign from board

#117

Post by fragmede »

teitoklien wrote: post #112
neuroelectron wrote: post #91

Earlier quoted context omitted.

Home lab

DIY tips please on how to do it What do I need, centrifuges ?, Electrophoresis gel ?, X-RAY machines, Or hand held dna scanning devices like these : https://arstechnica.com/science/2018/01/pocket-sized-dna-rea... ?

https://stackoverflow.blog/2021/12/24/sequencing-your-dna-wi...

~$800 USB dongle (above article was published in 2021 and the price has gone down) plus consumables.

Re: Independent directors of 23andMe resign from board

#118

Post by Spivak »

23B1 wrote: post #60
myth_drannon wrote: post #53

Earlier quoted context omitted.

Why? It's just a record of a group of letters, not your soul. I upload my dna records everywhere I can. Sure I had some surprises but in general I benefit from those services.

high time preference thinking

Only gotta last 80 years, it's pretty rational given the constraints. The what-ifs are unlikely to materialize at all, low probability to happen to you, and avoiding them if they do materialize requires that neither you nor any of your relatives submit their dna or have any contact with the justice system ever.

DNA is already protected from use by insurance companies so that's a future harm that already got squashed.

Re: Independent directors of 23andMe resign from board

#119

Post by saghm »

throwawayffffas wrote: post #86
brookst wrote: post #11

Earlier quoted context omitted.

To complete the data, the company is trading at $0.34/share, so while $0.40 is a bit lower than the typical 20% premium (~$0.41), I'm not sure it counts as "lowball". It's a typical premium over market cap. Is there any reason to think the company is worth $4.7B or whatever ($9.30/share)? If so the stock is a steal at its current price and we should all buy lots. But can the market be THAT wrong?

The resignation implication is that the CEO is running the company to the ground. The comment further implies this is on purpose in order to buy the company cheaply.

I'm confused by this; isn't the board of directors who picks the CEO? Or are they locked in for some period of time and don't want to wait around?

Re: Independent directors of 23andMe resign from board

#120

Post by LarsDu88 »

toomuchtodo wrote: post #41
javierluraschi wrote: post #24

Earlier quoted context omitted.

She (the CEO) has a fiduciary duty to act in the best interests of the company and its shareholders. Intentionally driving a company into bankruptcy for personal gain is a massive breach of that duty and opens her up to all kinds of legal trouble. So I would think that's a very bad idea.

They're going bankrupt because they're almost out of cash [1]. The CEO is holding public investors hostage with the low ball take private offer LarsDu88 mentioned. The stock, NASDAQ: ME, currently trades at 29 cents/share [2] and will be delisted shortly [3]. Their failure to secure their customer DNA data with MFA cost them a $30M fine they must pay [4]. My comment you replied to was attempting to communicate that,…

At that burn rate it seems like the only recourse other than a buy out offer from another company at this point is to shutdown everything not related to cancer drug development and self-financing that endeavor.
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