Posted on 09/19/2024 4:21:19 AM PDT by DoodleBob
The pioneering DNA testing firm 23andMe is in turmoil.
Seven independent members of the company’s eight-person board resigned Tuesday, concluding that despite co-founder and CEO Anne Wojcicki’s expressed intention to take the company private, “no such proposal is forthcoming.” They also cited a difference on the “strategic direction” of the company.
23andMe’s revenue has shriveled over the past year and its share price has sunk to about 30 cents, jeopardizing its ability to remain listed on the Nasdaq index.
…
23andMe has amassed a vast trove of DNA from its popular test kits and pioneered using genetic information to determine risks for an array of diseases. It became the first firm, in 2017, to win clearance from the U.S. Food and Drug Administration to market such tests directly to consumers. After filing to go public in 2021, 23andMe’s stock briefly reached a nearly $6 billion value. Wojcicki’s profile rose with the company, with Mattel modeling a doll on her as part of its “Barbie Role Models” line.
…
Wojcicki had been a health-care analyst for investment firms before co-founding 23andMe in 2006. She married Google co-founder Sergey Brin the following year and built her company into a powerhouse of genetic testing. It has sold more than 12 million test kits to consumers, who collect a saliva sample and mail it to a lab for testing.
…
Last week, it endorsed a proposed settlement to a class-action lawsuit over a data breach last year for $30 million, acknowledging its “extremely uncertain financial condition.”
(Excerpt) Read more at msn.com ...
And yet, millions of people have voluntarily surrendered their DNA to a firm that was hacked wherein this data was spread across the dark web. https://freerepublic.com/focus/f-chat/4217098/posts
So…who gets the DNA if 23andme goes belly up? Highest bidder in a Chapter 7 auction?
And ifbyiur relative sends their DNA, they effectively have your DNA. Yet they can’t prove Web Hubbel is Chelsea Clinton’s dad.
I’ve never done one these genetic tests for myself, but I have relatives who have. So I guess some of my genetic information is out there.
I don’t see the ads for 23andMe or the other DNA firms as much now as a few years ago.
The fact that the co-founder is married to a Google co-founder is a bit unsettling...
Very interesting. Thanks for posting.
How many of us got our noses snaked during CoupFlu?
Where did those samples go?
My bet is this DNA harvesting companies weren’t getting enough takers to make Deep State happy.
>> The pioneering DNA testing firm 23andMe is in turmoil.
That warms the cockles of my heart. This just might be the feel good story of the day. Thanks for posting!
>> How many of us got our noses snaked during CoupFlu?
ROFL! “noses snaked”... I have never heard it put quite that elegantly. I’m still laughing. Thank you!
(I was able to avoid that particular insult during the Kung Flu debacle. Never more than a gentle swabbing with a cotton tipped pugil stick.)
23andMe has gone WAY downhill since I enrolled 5-6 years ago. Many of the really desirable features from the earlier versions are nowhere to be found or under an extra fee subscription. Fortunately, I captured and saved a lot of my ancestral data before it became no longer available.
Bkmk
“...Yet they can’t prove Web Hubbel is Chelsea Clinton’s dad.”
Don’t forget Barack and Michelle’s “children”.
Bleeping scary that so many of the idiots doing the testing were so lacking in basic anatomy.
But Deep State didn't give a bleep.
CoupFlu was never about protecting public health.
In any bleeping way.
Or Justin Trudeau and Castro.
“23andMe has amassed a vast trove of DNA from its popular test kits “
12andMe was no longer necessary when TPTB harvested Americans’ DNA via Covid tests. We gave it up under duress.
They got all the dabs they need, there is no point to them anymore.
Couldnt you send your DNA under a fake name?
You copied what they told you was your ancestral data.
Bingo. Their business model was never to sell data to DNA sample submitters. Their business model was to sell submitters' DNA and RNA data to korporations and governments. In addition to their own collection efforts, the korporations and government collected data from COVID-1984 swabs.
Once the korporations and governments had all the dabs they needed, '23 and me' had no more customers.
So…who gets the DNA
—
The same people - your DNA from 23amd me and from Ancestry is shipped off to a genetic testing lab in China run by the Peoples Liberation Army who stores it permanently to be used in Precision Medicine to develop a genetic virus.
Are you saying that two males can’t produce children together?
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