Live data from Hacker News

23andMe files for bankruptcy to sell itself

reuters.com

151–160 of 426 posts

Re: 23andMe files for bankruptcy to sell itself

#152
post #53

Earlier 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.

> they would need to be looking for me specifically

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

#153
post #109

Earlier 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.

That's not true, shares are a share of the companies assets and future dividends.

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

#154

Earlier quoted context omitted.

Like browser fingerprinting.

Like fingerprint fingerprinting?

no. fingerprinting is like denying a kid at a carnival ride with a height check.

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

#155
post #129

Earlier 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.

I mean if it was trading at $8/share isn't the market rate $8/share?

Re: 23andMe files for bankruptcy to sell itself

#156

Already downloaded and deleted my data. It’s so wild that some new buyer could just buy peoples’ genetic data at a fire sale.

deleting your data just change "for alexfromapex, sibling of x, son of y and z" to "maybe belong to owner of email alexfromapex@gmail, sibling of x, son of y and z"... that's the beauty of soft deletion plus shadow/inferred profiles.

Re: 23andMe files for bankruptcy to sell itself

#157

Earlier quoted context omitted.

https://en.wiktionary.org/wiki/soft_deletion

It's absurd to me how soft deletion took over the entire industry and 'DELETE FROM' became taboo.

Seems risky to put your data on non-EU servers. It is still risk, but at least there is legal framework.

Re: 23andMe files for bankruptcy to sell itself

#158

I 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... )

and the point of going private is likely to not have to publish all the revenue sources from the data.

Re: 23andMe files for bankruptcy to sell itself

#159
As an aside I actually regret signing up for 23andMe, not because this isn't a great idea but more because I find the idea that the future having copies of your DNA around we might end up in some weird sci-fi universe where people can be specifically targeted with viruses or profiled in some other way. Not that I'll ever be important enough for that to happen but it feels like an invasion of privacy having such personal data lying around in a small text file. To some degree it's a copy of who you are.

Who 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

#160

Even 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…

Your genome can be scavenged from the air. It is not information we are capable of keeping private.
Post reply on HN