41–50 of 426 posts
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.
How does a company like that go bankrupt? They sell kits for freaking $200. How is that unprofitable?
You buy a kit one time in your life. I'm more amazed that people thought it could be a profitable business once everyone that was going to had purchased their one kit per lifetime. And it wasn't even $200, it was more around $100 or even less if you didn't want ancestry + health. I wonder if I can still get the locked away health part haha?
This is unfortunate news for anyone whose data is now one of the assets to be sold to the highest bidder.
Honestly it's always seemed completely insane to me that people signed up for these services. Possible Pros: You find out you are 20% Norwegian! Fun! Possible Cons: Grandma is going to prison for an unsolved crime. Assume a non-threatening position and comply with all orders of the new Department of Racial Purity. Also, that's not your real Dad.
This is unfortunate news for anyone whose data is now one of the assets to be sold to the highest bidder.
Honestly it's always seemed completely insane to me that people signed up for these services. Possible Pros: You find out you are 20% Norwegian! Fun! Possible Cons: Grandma is going to prison for an unsolved crime. Assume a non-threatening position and comply with all orders of the new Department of Racial Purity. Also, that's not your real Dad.
I remember reading an article about how these companies were big bad conglomerates who had complete ownership over valuable personal data. Not really downplaying the potential harm that can come with these "assets" in the wrong hands, but nice to know corporate is so inefficient they couldn't even avoid bankruptcy... it will be a long time before they can even hope to orchestrate complex nefarious schemes.
...who do you think is gonna buy 23andMe when they go bankrupt?
Earlier quoted context omitted.
Honestly it's always seemed completely insane to me that people signed up for these services. Possible Pros: You find out you are 20% Norwegian! Fun! Possible Cons: Grandma is going to prison for an unsolved crime. Assume a non-threatening position and comply with all orders of the new Department of Racial Purity. Also, that's not your real Dad.
I guess I'm in the camp that considers your con a pro. If my Dad wasn't or isn't my biological dad, I would want to know. And I'd be grateful to any service that informed me.
I remember her and I both spitting into a tube in our SF apartment in San Francisco in 2012 and mailing them off.
A few years later, we look at the ancestry data and there is a big surprise (she was ~50% something that she was sure 0% before that).
Turns out her dad wasn’t her dad and she was donor conceived — this has potentially huge health implications if you don’t know this.
By some fortunate circumstance, she ultimately found the donor… and 27 (and counting) siblings! Turns out the clinic where this all went down at in the early 1980s was sketchy and lied to a whole bunch of people and misused samples.
- 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 time at $0.4 per share this month, and the board rejected.
- Meanwhile 23andMe was losing $50M every quarter.
So, unable to resolve the issue, the board choosed to enter into the bankruptcy process. I hope this relieves 23andMe from the corporate governance nightmare.
Earlier quoted context omitted.
Honestly it's always seemed completely insane to me that people signed up for these services. Possible Pros: You find out you are 20% Norwegian! Fun! Possible Cons: Grandma is going to prison for an unsolved crime. Assume a non-threatening position and comply with all orders of the new Department of Racial Purity. Also, that's not your real Dad.
I discovered I had around 20 half-siblings I never knew about and got connected with most of them. > Also, that's not your real Dad Yeah, that part was less fun
Like, it’s so common that I’m not even shocked to hear others with this experience.
As it turns out, there were a lot of sketchy clinics preying upon desperate parents in the early 1980s.