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23andMe files for bankruptcy to sell itself

reuters.com

161–170 of 426 posts

Re: 23andMe files for bankruptcy to sell itself

#161
post #8

Damn, on Friday, the California DoJ Attorney General issued a warning to consumers about their data: https://oag.ca.gov/news/press-releases/attorney-general-bont... This should've been a giveaway that the company was imminently going to go under.

Gov sites issueing warnings about citizen data security seems a bit funny these days.

Elon: "Comedy!"

Re: 23andMe files for bankruptcy to sell itself

#163

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 perso…

> Not that I'll ever be important enough for that to happen

Once cheap enough, be sure DNA analysis is used for better ad-targeting at scale, just as users' web traffic is analysed.

All is done once economically feasible and grey-legal enough.

Re: 23andMe files for bankruptcy to sell itself

#164

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 perso…

> Not that I'll ever be important enough for that to happen

Not that it keeps me up at night, but it’s fascinating to me that if we ever get to the point where a machine is in a position to care about your DNA, it probably will have enough resources to not need to rank anyone by importance.

Re: 23andMe files for bankruptcy to sell itself

#165

My girlfriend really want to do one of these DNA analysis package from one of 23andMe's competitors, and she cannot for the life of her understand why I don't want to. How do I explain that I don't want my DNA analysed and sold around to all sorts of companies?

There is a consensus that there is still a tremendous amount of information in someone's dna to be extracted. She wants to know what we can learn from her dna today but the cost is giving to probably[0] anyone everything we'll be able to learn from her dna in the future. That includes dna about her family and potential children with you.

10-15 years ago she wouldn't have predicted trump, what can't she predict about 10-15 years or more from now?

[0]: data can't be erased but can be leaked.

Re: 23andMe files for bankruptcy to sell itself

#166
post #83

I have never participated in any of these DNA sites but I have an aunt that pretty much put in our full family tree. Is there anything I can do to remove myself without making an account?

How do you propose deleting you family tree? That info is obviously not very private.

How many second cousins does Mark Zuckerberg have?

Re: 23andMe files for bankruptcy to sell itself

#167

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 perso…

exact same reason why I never fell for their scam ads.

Re: 23andMe files for bankruptcy to sell itself

#168

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…

What would even be the right hands in this case? Seems like almost any hands would be the wrong hands.

There basically aren't any. Almost any entity that would want to buy the company should by definition not be allowed to do so.

The ideal solution would be for all data to be deleted before a sale. If anyone would want to buy 23andMe without the collected data then that's perfectly fine.

Re: 23andMe files for bankruptcy to sell itself

#169

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.

But can it be isolated from the myriad of life floating around?

I doubt that specificity would be economically profitable.

The police did catch the Golden State Killer by scavenging a used coffee cup or somesuch, however.

Re: 23andMe files for bankruptcy to sell itself

#170
post #153
post #109

Earlier quoted context omitted.

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.

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

Possibly true 20 or 30 years ago, but now shares are speculative assets, their worth determined by what the market thinks they might be bought for by a greater fool.

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