I wonder who they will sell their data to
Their creditors are going to be looking for recompense. So I feel like this is one of those times when we use the answer of “yes”.
The Saudi investment fond. It’s a perfect complement for that Pokemon Go data.
He’s Looking for female incubators, of course they have to be white for him.
Hasn’t he already had like a dozen “female incubators”?
This guy can’t be bothered to wear a condom or pull out before he jizzes his vile seed into whatever human dna compatible life form chooses to allow his penis entry?
How on Earth did they manage to fuck this up?
They were the leading firm in a field where having the most data makes yours the most accurate tests. Their product sold for hundreds of dollars a pop, with practically zero marginal costs to run the tests. And they were really popular, selling like hotcakes.
It’s insane just how astoundingly incompetent upper management can be sometimes.
They were being sued in the past for privacy breaches, they probably are in more trouble financially n than what’s being reported?
Apparently they were just there to sell your genome data once you submit it, also there’s no repeat customers since once you get your results you aren’t going to get another one.
This article explains it better"https://www.standard.co.uk/news/science/23-and-me-dna-test-collapse-b1213426.html"
Good article. It was fundamentally not a good business model. You have to acquire new customers constantly just to keep the lights on, it’s unsustainable. Adding on top of that the expectations from investors to grow every year, and the collapse we see now is guatanteed.
I see they tried to diversify, that could have helped, but without a recurring revenue stream at the core of your business, you cannot become the big company they wanted to be.
Yes, just terrible management. They could have just made good money, but no, there has to be more. So excessive greed at any price - now it’s just bankruptcy. But I’m sure that won’t bother the senior management: they’ve already put their millions in a safe place and will simply move on. The next company that needs their outstanding leadership is bound to come along…
No returning customers, due to the nature of the business. It’s dead from the start.
Right, but the data you get from that test is pretty broad. One test will create a background for an entire family. You only need to do one for one child. Or if both parents have one, or a sibling of both parents have done one, the children of that pair also no longer needs a test to see their background.
It can’t be just that, right? There are loads of successful products that any given person only ever buys once.
Reminder that you can download and save your data locally then revoke your consent agreements and delete your data. Who knows if it will actually be deleted though.
Edit: Also revoke your consent to store your sample if you allowed that.
Yeah good luck with that.
I doubt they’d actually delete data now. Who are you going to sue if they don’t? They’re bankrupt and they’ll just pull a “oh we forgot to delete it!”
They need these samples and data to be sold off to pay off a lot of groups so I honestly don’t believe they’ll delete anything
If your brother or even cousin did a test it’s about good enough to be applied to you too for a lot of cases so yay, so much fun about human DNA databases now being available to the highest bidder.
Who would bid? Maybe America’s new Nazi’s would like an insight in their racial purity? So many fun ideas!
That company should be burned down to the ground
US people should get ready to be denied even more healthcare
Well, I’ve always been curious what a ruthless person would do with all that DNA data. I’ll finally find out.
Church of Latter Day Saints will probably buy it. They believe they can convert the dead.
They can’t possibly be that stupid. I’m sure they have more sinister plans for these geneology databases. My first guess would be blackmail. But I’m guessing they have a ton of other evil ideas.
LDS has a ton of money. They already have some kind of deal with ancestry.com and own familysearch.com.
