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.
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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.
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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.
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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 ...
By law, almost all babies already have genetic testing done on them at time of birth. Some states now quietly keep this DNA data indefinitely. It’s kept very much on the down low. Oh, the stories they could tell. Somewhere around 5% of baby DNA tests do not match the claimed biological father’s DNA. The biological reason a man has a plunger shape on the end of their DNA uploader is to first plunge out the men that recently went before him.
My daughter was bing into this a couple years back. Not so much anymore, and neither am I.
Yeah. Men can’t have babies.
I guess.
And.....poof, 6 billion.
Not as impressive as America....poof, 33 Trillion.
I found that my grandfather was quite randy in the 20s and 30s and I have a couple of first cousins and a bunch of 2nd and 3rd ones.
The government.
BTW 23 and me is a scam.
They can not tell you what they claim and often outright lie about what "indicators" mean.
So why did it exist? To collect your DNA.
But the entire family is evil so what did you expect?
I’m a frequent user of ancestrydotcom. I’ll probably stay there for the rest of my days. My family has been here since Jamestown and I’ve found nearly 5000 relatives so far. Actually, they find them for me and send me hints. I’ve helped two people discover their father’s ID. The biggest surprise of all was finding my grandson. I had no idea my boy was such a rascal.
I don’t know about their “indicators”, but their genealogy connections are spot on. That list of cousins are really your cousins.
As for their "indicators" they lie how they can tell you where your ancestors came from. They can't and this was proven when identical twins sent in their swabs are got totally different places of origin.
It is a scam.
“Noses snaked” - oh, I am so stealing that...
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