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23andMe files for bankruptcy to sell itself

reuters.com

61–70 of 426 posts

Re: 23andMe files for bankruptcy to sell itself

#61

Earlier quoted context omitted.

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?

What do you need though? One lab and software they already have?

Pay employees and their wages?

Re: 23andMe files for bankruptcy to sell itself

#62

Earlier quoted context omitted.

https://en.wiktionary.org/wiki/soft_deletion

It's absurd to me how soft deletion took over the entire industry and 'DELETE FROM' became taboo.

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.

Re: 23andMe files for bankruptcy to sell itself

#63

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…

Wouldn't be surprised if Wojcicki faces a class action suit over fiduciary responsibility.

Re: 23andMe files for bankruptcy to sell itself

#65

Earlier quoted context omitted.

https://en.wiktionary.org/wiki/soft_deletion

It's absurd to me how soft deletion took over the entire industry and 'DELETE FROM' became taboo.

For every customer that legitimately wants their data deleted there's a hundred that complain their data is gone after confirming deletion. The same customers that mark your transactional email as spam then complain about not being able to get into their account.

Exaggerating here, but I do think soft deletion practices can be partially blamed on real business problems. I'm not sure why anyone would think that using soft deletion on an actual burn account function would be sensible though.

Re: 23andMe files for bankruptcy to sell itself

#66
post #35

There are troubling privacy issues, but it was able to tell me: "Toe Length Ratio : Likely second toe longer". I didn't even have to look down! Maybe it was a bad idea. 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. When you get blood drawn, do you see what they do with it? Hopefully,…

This could actually be a plot point on a dystopian sci-fi movie (identifying people by weird metrics like toe size and such)

Like browser fingerprinting.

Re: 23andMe files for bankruptcy to sell itself

#67

Earlier quoted context omitted.

It's absurd to me how soft deletion took over the entire industry and 'DELETE FROM' became taboo.

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.

'Our data design is too bad to allow anyone to delete anything' is not, to me, a valid reason to prevent actual deletion.

Re: 23andMe files for bankruptcy to sell itself

#68

Earlier quoted context omitted.

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?

What do you need though? One lab and software they already have?

I assume they were doing the genotyping service at a loss. I had my entire genome genotyped for almost nothing and now I have the data forever. 23andme service was like a store having the milk in the back selling as a loss leader, but they have no other products to make up for it that you buy on the way out of the store. I see they have now added subscriptions, but who would pay for that crap when it's nonsense like if you will have a widow's peak or freckles and it isn't even right most of the time? I assume they thought they would sell all this data to someone like drug companies, but if they had buyers they wouldn't be going bankrupt.

Re: 23andMe files for bankruptcy to sell itself

#69

Earlier quoted context omitted.

It's absurd to me how soft deletion took over the entire industry and 'DELETE FROM' became taboo.

For every customer that legitimately wants their data deleted there's a hundred that complain their data is gone after confirming deletion. The same customers that mark your transactional email as spam then complain about not being able to get into their account. Exaggerating here, but I do think soft deletion practices can be partially blamed on real business problems. I'm not sure why anyone would think that using…

I get that a little from the company perspective, but it leads to its own issues of perhaps more important magnitude.

If you have data for a user, who wants to delete it, you can soft delete to allow recovery to prevent complaints.

On the other hand, 5 years from now your system gets hacked, and now you have to email some person you haven't done business with in 5 years to tell them their data that you claimed was deleted was leaked.

Sure you can do soft deletions with some hacky actual delete schedule but it doesn't really solve the problem, only reduces the timeline.

Re: 23andMe files for bankruptcy to sell itself

#70
post #9

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 should have access to the data about me, it shouldn't be for sale ever. It's gross that we have access to this technology but only if we give away all our rights to a company even for a paid service. The murder one is a little more nuanced but ideally it should be a legal matter where it can only be used with a warrant or your explicit single time consent and not buried in a TOS. If you don't want to help the polic…

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