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23andMe files for bankruptcy to sell itself

reuters.com

281–290 of 426 posts

Re: 23andMe files for bankruptcy to sell itself

#282

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 can only hope at the end of the day their data doesn't end up in the wrong hands.

Narrator: it ended up in the wrong hands

Re: 23andMe files for bankruptcy to sell itself

#283

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.

The problem is you are not a malicious actor so you aren't coming up with good scams or truly malicious ideas. How about scam emails that open by asking people about their family history of some disease with a genetic marker and promising some miracle treatment? I can think of even worse outcomes depending on how policy on immigration and naturalization shifts

You've gotta think bigger.

How about generic profiling by a future malicious government that only wants certain types of genomes to proceed to the next generation?

Re: 23andMe files for bankruptcy to sell itself

#284

Earlier quoted context omitted.

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 i…

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Re: 23andMe files for bankruptcy to sell itself

#285
post #41

It’s a pity I didn’t upload my sequence here. I imagine in the end the most comprehensive databases win. But @dekhn mentioned PGP and I’m there. Here I am https://my.pgp-hms.org/profile/hu81A8CC Let’s see if anything worthwhile comes of it. Feel free to ask me for more. I have the raw reads as well. Email in profile.

Just to clarify: In this case PGP stands for “Personal Genome Project”.

Re: 23andMe files for bankruptcy to sell itself

#286
post #223

Earlier quoted context omitted.

Thank you for saying this. I’ve done some of these saliva samples and I’ve seen the freak outs about what happens if “they” get my genome. But I cannot for the life of me figure out what they would do with it maliciously? It’s not like it can be used to sign up for a credit card or whatever.

The Genetic Information Nondiscrimination Act gets repealed. Insurers immediately buy their database and drop you because you’re statistically more likely to get an illness.

Luckily most of us live in democracies, where we can just decide whether we want the rules to allow this kind of differentiation.

Re: 23andMe files for bankruptcy to sell itself

#287

Earlier quoted context omitted.

> But, I figured if we enter a dystopian future, evil health care companies or governments could easily get my DNA if they want to and/or simply require that information to get care. Yes, because you gave it to them. Nihilism undermines any sort of resistance movement against evil.

There's not much resistance to someone wanting your DNA. It's so trivial to get that you'd basically need to become a hermit to try and prevent it. A hermit that shaves themselves and burns their trash, one that lives with gloves on dyrung every waking hour and disinfects their chair and bed daily. It's not really something the mass population can physically prevent from a determined actor. Like data, you need to reg…

This is a wrong mindset. Just because its technically possible to obtain DNA we should all give it up easily since its already a lost cause? Its one thing if you are specifically targeted for whatever reasons, then yes one is screwed.

Another is to have all info and weaknesses automatically available to 'the man' or more 'the men', no need to make things too easy for them and jump ahead in queue.

Re: 23andMe files for bankruptcy to sell itself

#288

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 don't like 23andme, but don't the shadow profiles sorta implicitly exist whenever you're working with DNA data? If their DNA test can recognise first cousins, then they've got a recognisable DNA profile for each user's parents, grandparents, children and so on.

So does the government and probably ancestors.com … what’s the big problem here?

Re: 23andMe files for bankruptcy to sell itself

#289

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.

Once 23andMe gets sold, all of that data belongs to whoever owns it and they can sell it to whoever they want. Perhaps to the government where they can do a warrantless search to find a relative of someone who may have been at a crime scene. Or to other governments. Or to insurance companies who want to play deny, defend and depose. I get that a lot of genetic information isn't predictive, but not all of it is so questionable.

Re: 23andMe files for bankruptcy to sell itself

#290
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.

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