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23andMe files for bankruptcy to sell itself

reuters.com

211–220 of 426 posts

Re: 23andMe files for bankruptcy to sell itself

#211

Earlier quoted context omitted.

i always thought that its valuable when you have enough data from an insurance pov? is that a myth?

For the vast majority of people lifestyle is much more deterministic than genetics. There are a few exceptions causing relatively deterministic adult onset diseases: Huntington, APOA4 homozygosity, FAP, BRACA mutants. These are rare however.

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Re: 23andMe files for bankruptcy to sell itself

#212

Earlier quoted context omitted.

Often it can. And even in cases where currently it can't the technology will improve, costs will come down.

Yeah, eventually, but it may be a while.

DNA sequencing costs for a full human genome have outpaced Moore's law. I wouldn't bet on it.

Re: 23andMe files for bankruptcy to sell itself

#213
post #162

Earlier quoted context omitted.

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

Liquidity matters

This. The same thing is happening with Tesla stock. Since it's such a bit part of the S&P500, so half of retail investors buy it in their basket of portfolios and 401ks at trades at 10x it's worth on paper by looking at fundamentals.

Re: 23andMe files for bankruptcy to sell itself

#214

Earlier quoted context omitted.

To `DELETE FROM` you have to have at least a relatively vague idea what you are doing. Go and find an organization that has their data and component dependency maps ready and up to date :) One hard delete can expose months worth of bugs.

Can't delete from backups, though.

If you really cannot (although, most probably just burdensome), you can always render the data unreadable. E.g. by destroying the keys.

Re: 23andMe files for bankruptcy to sell itself

#215

Earlier quoted context omitted.

> 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.

Only for companies who are profitable or might be profitable in the future. If the company has no chance at future profit, it becomes a simple share of assets. There are plenty of companies with assets only and no revenue or employees.

Are assets not also worth "what somebody wants to pay for them"?

Re: 23andMe files for bankruptcy to sell itself

#216
post #87
post #31

Earlier quoted context omitted.

You hand over your DNA when you sit down, when you stand up, when you breathe.

Why was this downvoted? Your close family also shares your DNA, to 100%! Suppose your parents both test.. Your DNA is not something that you can 100% keep from others.

I think because it was unnecessarily conspiratorial. I can’t just sequence DNA can you? Do you think government agencies are collecting your tissues?

Re: 23andMe files for bankruptcy to sell itself

#217
post #162

Earlier quoted context omitted.

Liquidity matters

This. The same thing is happening with Tesla stock. Since it's such a bit part of the S&P500, so half of retail investors buy it in their basket of portfolios and 401ks at trades at 10x it's worth on paper by looking at fundamentals.

That reasoning would lead to concluding all the businesses in SP500 are traded at 10x their worth on paper. Or at least all the ones with market caps greater than Tesla.

Edit, since I hit posting limit.

To pooper:

> Since it's such a big part of the S&P500

The conclusion is based on that premise, so any other business that satisfies that premise should also lead to the same conclusion.

To llm:

> I think their point is that businesses at the top of the S&P500 are traded at sentiment and momentum based values that are pretty disconnected from a logical P/E

I have read the same about other businesses many times. There is nothing logical about only using P/E as a factor in determining price (or “worth”). No one knows the future, so even a price derived from an arbitrary standard of P/E is a “sentiment and momentum based” value.

Re: 23andMe files for bankruptcy to sell itself

#219

Earlier quoted context omitted.

I'm a genetic engineer at a large pharma company. Genetic engineering of human model systems is my specialty. If I were a malicious actor, I could not do anything useful with the genome of any one person. Most peoples genomes are boring and at best sway the predisposition for disease by a modest degree. Exposing infidelity is honestly the best I can come up with.

i always thought that its valuable when you have enough data from an insurance pov? is that a myth?

In the US, health insurers are restricted to using the following for pricing insurance, and genetics is not one:

https://www.healthcare.gov/how-plans-set-your-premiums/

All the other types of insurance (life/disability/etc) are free to ask you to provide DNA if they think it would be useful for underwriting. The fact that they do not means the DNA is not providing enough signal to be worth considering in the underwriting process.

Re: 23andMe files for bankruptcy to sell itself

#220

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…

I'm a genetic engineer at a large pharma company. Genetic engineering of human model systems is my specialty. If I were a malicious actor, I could not do anything useful with the genome of any one person. Most peoples genomes are boring and at best sway the predisposition for disease by a modest degree. Exposing infidelity is honestly the best I can come up with.

Plus they only have a selective number of SNPs, not the full genome.

But if you were able to somehow combine the information with the medical history of people, then you could use the data for research, and come up with some DL model maybe.

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