How do I explain that I don't want my DNA analysed and sold around to all sorts of companies?
23andMe files for bankruptcy to sell itself
151–160 of 426 posts
Re: 23andMe files for bankruptcy to sell itself
#152Earlier quoted context omitted.
Not with any relatives by k-hops they won't.
Yeah but they would need to be looking for me specifically. I think it would offer some form of anonymity in blanket sweeps.
I don't think so. They probably automatically determine how closely related all their customers are, so it just takes one of your (possibly distant) relatives putting in enough family tree.
Re: 23andMe files for bankruptcy to sell itself
#153Earlier quoted context omitted.
I assume the value of the remaining assets are worth more than $8/share and she was trying to get them for a discount.
Shares are only worth what somebody wants to pay for them. Selling a ton of shares also often devalues them. Since the company was losing money, it was clear that the shares would drop.
There are "scavengers" out there who buy a company if its assets are worth more than the market cap, close down the company or otherwise spin out the assets, and thus earn more than they paid for the shares.
Re: 23andMe files for bankruptcy to sell itself
#154Earlier quoted context omitted.
Like browser fingerprinting.
Like fingerprint fingerprinting?
what this thread is about is denying a kid a kindergarten spot because the dna shows their height will never get them a basketball college scholarship.
Re: 23andMe files for bankruptcy to sell itself
#155Earlier quoted context omitted.
> So rather than $8 a share they get zero? Sounds like the board was the one that messed things up. The share was trading at $8-$9 at the time. The primary reason why the board has been rejecting the offer is that the CEO kept proposing discount prices to the market rate.
By the sounds of it, the board is about to find out what the market rate really is.
Re: 23andMe files for bankruptcy to sell itself
#156Already downloaded and deleted my data. It’s so wild that some new buyer could just buy peoples’ genetic data at a fire sale.
Re: 23andMe files for bankruptcy to sell itself
#157Re: 23andMe files for bankruptcy to sell itself
#158I thought the CEO was trying to take the company private, for pennies to the dollar which caused the independent board to resign (see: https://investors.23andme.com/news-releases/news-release-det... )
Re: 23andMe files for bankruptcy to sell itself
#159Who knows who will buy all this data after bankruptcy...
Does anyone at 23andMe know if when DNA data and account is deleted by them that it is really deleted/purged from all backups and systems? Anonymous accounts are available, thanks!
Re: 23andMe files for bankruptcy to sell itself
#160Even if you haven't personally used their service, if any close relatives have, they already have a sizable amount of information on your genome. They maintain the equivalent of "shadow profiles" ( https://en.wikipedia.org/wiki/Shadow_profile ) as part of their data model for "ancestry" modeling purposes - for example inferring a paternal haplogroup based on data uploaded by genetic relatives. I can only hope at the…