SIAP: 23andMe Bankruptcy
- Thread starter LuciousBDragon
- Start date
Wonder who will be buying up the scraps after liquidation.
The data may be very valuable. Insurance companies?
The data may be very valuable. Insurance companies?
Good question but I would think the data goes somewhere. I never did it but guessing the T&C’s allow for another entity to get all of the data in the event of sale/acquisition/etc.
China is going to buy your genetic information now. Good luck.
What's the deal with the failure? Is it just one of those things where everyone that was ever going to "buy" it bought it in a relatively short period of time, and there was no more growth possible? And of course it's not something you can sell over and over.
I’m sure that’s part of it.
# of individuals buying kits to submit probably plateaud and there is no need to do it again so no recurring revenue stream there.
Whomever they sold data too probably realized there is not much use paying anymore if the data is still the same.
Yeah, it's weird that it wasn't pretty obvious in retrospect. I never thought about it much, but it was so well hyped and exposed, it seems like a no brainer that there are people that this appeals to, and people it doesn't, and anyone it appeals to is likely to do it relatively early on. Seems pretty clear you would run out of interested parties pretty quickly.
23andMe...false flag operation by nefarious actors to gain the genetic profiles of as many Americans as possible. Targeted genetic weapons incoming!!!
- Sep 13, 2002
- 100,674
- 213,622
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That's it. They never solved the riddle of people only needing a product one time.
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I thought they already had. I could be remembering incorrectly but I recall a 60 minutes piece talking about China owning most of the genetic sequencing companies.
Im sure it does. And I don't know that China would go after the data first (or be allowed). I would think that health care / biotech, life insurance, or some marketing firm might want the data, and THEN sell parts to China. And other parts to other orgs.
What happens to your data if 23andMe collapses? — Harvard Gazette
Health law policy expert says the biotech firm’s uncertain future shows the need for protections of personal, genetic information.
news.harvard.edu
Could absolutely see the fed govt buying to then farm out to local PDs for exactly what @Pinehawk says above.
Glad I never submitted.
Bankrupt 23andMe’s DNA Data Gets Sale Nod as Concerns Linger
I feel bad for using Embark on my Heinz57 dog.
