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23andMe files for bankruptcy to sell itself

reuters.com

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Re: 23andMe files for bankruptcy to sell itself

#341

Post by johnisgood »

goosejuice wrote: post #334
speff wrote: post #306

Earlier quoted context omitted.

People in general simply do not read warnings like that. It’s a form of autopilot that everyone utilizes to function/cope in an age where they’re being bombarded with too much information

Precisely. I'm specifically talking about cases where such a warning was present. Customers will claim they never saw it or any other excuse.

Cannot you point them to the warning and be done with it after a complaint, or is the amount of the complaints and its handling is the issue?

Re: 23andMe files for bankruptcy to sell itself

#342

Post by johnnyanmac »

masfuerte wrote: post #339
johnnyanmac wrote: post #255

Earlier quoted context omitted.

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…

It's completely different. Sure, someone can specifically target me and get my DNA, but they can't trawl for me in an existing database.

>but they can't trawl for me in an existing database.

Sure they can. The government obviously can. Otherwise they just buy data from the decade of tracking data left behind. That's the relatively easier part in comparison to targeted DNA gathering.

Re: 23andMe files for bankruptcy to sell itself

#343

Post by antegamisou »

CharlieDigital wrote: post #313
antegamisou wrote: post #294

Earlier quoted context omitted.

It's very amusing that the parent comment, or anyone else for that matter, believes their credentials somehow are enough to quell us about any potential horrific implications.

Parent comment is coming from an ethical person and ethical people often have a hard time imagining how unethical people operate. Even I think I'm nowhere near unethical enough to maliciously use this dataset, but who would have thought that a social media platform where you scroll posts from your friends and family could be used as a political tool?

> Parent comment is coming from an ethical person and ethical people often have a hard time imagining how unethical people operate.

This is a trait of delusional people as well as those very deep into some "technocratic" ivory tower without any formed code of ethics, too.

Re: 23andMe files for bankruptcy to sell itself

#344

Post by SecretDreams »

kelipso wrote: post #321
SecretDreams wrote: post #280

Earlier quoted context omitted.

How is the prior comment political? In this case, the CEO/49% owner is being referred to as the bully?

[flagged]

I feel like you're projecting a bit, frankly.

The statement was fine and not political. Inferring otherwise is an odd thing to defend.

Re: 23andMe files for bankruptcy to sell itself

#345

Post by antegamisou »

johnnyanmac wrote: post #338
antegamisou wrote: post #291

Earlier quoted context omitted.

Phrenology thrived and was heavily celebrated only one century ago as well. In the case of PRS assessment where it's already an established discipline, and not at all as unreliable as fortune-telling, it wouldn't be so hard to weaponize it.

Astrology isn't much farther off, and some still like to believe it to this day. Yes, even some very smart people can fall into absolutely baseless conjecture without peers to course correct. But there's a difference between forming a cult and trying to convince the minds en masse of something.

Your info is off if you believe PRS assessments are anywhere close to pseudoscience.

And ok, let's agree for the sake of it that it is like astrology. Astrology is unnervingly popular, there are columns of big newspapers HN reveres dedicated to zodiac signs.

A cult consisted of people buying into something very close to eugenics masked as science doesn't sound it would have trouble gaining mainstream appeal in today's American society.

In fact, there's a great example of such discipline having already gained significant traction, even on this website, and it is none other than the field of evolutionary psychology. This field has provided close to zero replicable hypotheses yet it has been successfully weaponized into justifying prejudice and antisocial behavior, especially in the context of racial differences and dating.

Something like advertising reliable prediction of behaviors based on DNA would be cherry on top.

Re: 23andMe files for bankruptcy to sell itself

#346

Post by lotsofpulp »

ZeroTalent wrote: post #332
lotsofpulp wrote: post #217

Earlier quoted context omitted.

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…

I'm claiming this based on fundamental analysis of Tesla's sales/net profits/ROIIC and other metrics, which I take from their 13F fillings (AKA quarterly earning reports) compared to other car manufacturers. Some stocks are overpriced, and others are undervalued. The inclusion in the S&P500 alone is just 1 of the factors. In my opinion, Apple and NVIDIA are significantly undervalued based on their fundamentals, even…

I understand, and I’m claiming there is no one logical or fundamental way to derive a price.

It could be logical to ascribe some value to a business’s leader having access to a US president known to be “open for business”? And we know a big tax bill is likely to be passed by year’s end.

Perhaps that will lead to good fortunes for Tesla shareholders. Or maybe not.

Re: 23andMe files for bankruptcy to sell itself

#347

Post by account42 »

goosejuice wrote: post #333
TeMPOraL wrote: post #108

Earlier quoted context omitted.

> The same customers that mark your transactional email as spam then complain about not being able to get into their account. That's on you though - shouldn't have sent spam pretending to be transactional email.

Many users don't understand what happens when they press the spam button on a password change request or similar email. I'm not talking about unsolicited email, but legitimate transactional email related to the account that only triggers off a user action.

Many more spammers think their special and their crap doesn't actually smell.

Re: 23andMe files for bankruptcy to sell itself

#348

Post by robertlagrant »

SecretDreams wrote: post #344
kelipso wrote: post #321

Earlier quoted context omitted.

[flagged]

I feel like you're projecting a bit, frankly. The statement was fine and not political. Inferring otherwise is an odd thing to defend.

They weren't. They were commenting on the "bully" term.

Re: 23andMe files for bankruptcy to sell itself

#349

Post by paulddraper »

eightman wrote: post #98
linotype wrote: post #96

Earlier quoted context omitted.

So rather than $8 a share they get zero? Sounds like the board was the one that messed things up.

I assume the value of the remaining assets are worth more than $8/share and she was trying to get them for a discount.

I can’t 100% say you are wrong but I can 99% say you are wrong.

Re: 23andMe files for bankruptcy to sell itself

#350

Post by paulddraper »

rwmj wrote: post #266
cloudbonsai wrote: post #48

23andMe has been in a deadlock for a while. - The CEO is effectively the control owner of the company, having 49% of the voting right. She has been trying to take the company private for some time. - Last August, she proposed to buy all the outstanding shares at $8 per share. The board rejected. She installed a new board, and submitted her proposal again at $2.53 per share. The board rejected. She tried it a third ti…

Couldn't she just buy 2% of the company at the market price?

Yes but she will still have to abide by the covenants.

And those might include things preventing majority owner from buying everything at $0.01 per share.

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