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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

#171

Post by Simon_ORourke »

bruceb wrote: post #77
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…

Closest competitor does a lot of heavy lifting in this situation. Ancestry is the overwhelming leader in the find long lost relative space/your "roots" space. Look at https://www.ancestry.com/ and https://www.23andme.com/ 23andme has basically given up on this part of the business. Their pitch is health. But that pitch is murky with no good hook to keep you hooked for a monthly subscription. So after they get the ini…

> leader in the find long lost relative space/your "roots" space.

Acknowledging Ancestry.com are well ahead of the market here, but I never got their appeal of finding some long-lost second cousins... basically strangers, and saying, "hey, isn't it fascinating that we share some arbitrary level of common genetic makeup". If some randomer reached out via email to me doing this big reveal I'd be "thanks, but into the spam folder with you".

Re: Independent directors of 23andMe resign from board

#172

Post by filchermcurr »

marcell wrote: post #147
dgan wrote: post #145

Earlier quoted context omitted.

Do you have knowledge of sensitive data being sold to third parties?

Not directly, afaik they never transferred the data. However they sold access to the data to a bug pharma company (GSK). This was widely publicized. Not sure if that counts: GSK had some ability to look at the data but didn’t have an on premise copy of it. Also, I worked on the GDPR deletion project. I can attest that they do best effort to delete your data when your request that. At least when I was there, this was…

Is the data actually deleted in non-GDPR countries as well?

Re: Independent directors of 23andMe resign from board

#173

Post by noirbot »

genewitch wrote: post #104
starfezzy wrote: post #97

Earlier quoted context omitted.

Can even one single person here articulate their specific fears of using 23andme, or is it all FUD?

Sure. Someone who has their data in 23andme was someplace where something horrible happened. Law enforcement has no leads, so they process the DNA, and find no matches. They subpoena 23andme (or just look at the leaked data, who knows), and that person is now a person of interest. If they don't know they should have a lawyer on their side with them when being questioned, they might talk themselves into prison. Now im…

I know it's not exactly the point, but the answer is you always have a lawyer if you're being questioned by the police, especially if you're not the one who called them. This is in no way specific to any DNA related situation. If any law enforcement shows up and has questions for you, you say nothing until you have a lawyer with you.

Re: Independent directors of 23andMe resign from board

#175

Post by dvh »

There is absolutely no reason for these companies to collect your PII whatsoever. You should go to nearest pharmacy and buy sterile swab, swab yourself and write long random number on it and send it. Once a month company publishes one giant zip with all the monthly result where you find your file by that random number you wrote.

Re: Independent directors of 23andMe resign from board

#177

Post by vkou »

bboygravity wrote: post #152
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?

Yes. The market can be THAT wrong, not just wrong but also corrupt and broken (on purpose). Hint: regulatory crisis, Suzanne Trimbath, failure to deliver shares, naked shorting, Tesla shortsqueeze, VW shortsqueeze, UBS's and Swiss gov's 50 year secret, etc.

That's word salad randomly picked from the small book of 'scary words from finance', but you haven't explained what the actual problem is.

Re: Independent directors of 23andMe resign from board

#178

Post by Thiez »

gopher_space wrote: post #100
myth_drannon wrote: post #66

Earlier quoted context omitted.

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

I mean I’d see that as an invitation to help myself to anything the church owns that isn’t nailed down.

Can you show damages? If you can win a lawsuit here that would be great, paving the way for sueing Christians for their passive aggressive 'I'll pray for you' nonsense would be amazing.

Re: Independent directors of 23andMe resign from board

#180

Post by LarsDu88 »

lurkshark wrote: post #170
starfezzy wrote: post #97

Earlier quoted context omitted.

Can even one single person here articulate their specific fears of using 23andme, or is it all FUD?

The company seems to be in rough condition. Say they go bankrupt and an ad-tech data broker buys their assets. Now DraftKings can laser focus their ads to folks genetically predisposed to addiction.

This is both dystopian and hilarious.

23andMe a subsidiary of Pizza Hut... We know exactly what you crave and it ain't anchovies.

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