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Avid Amoeba@lemmy.ca to Technology@lemmy.worldEnglish · 6 months ago

Founder of 23andMe buys back company out of bankruptcy auction

arstechnica.com

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Founder of 23andMe buys back company out of bankruptcy auction

arstechnica.com

Avid Amoeba@lemmy.ca to Technology@lemmy.worldEnglish · 6 months ago
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Concerns about transfer of genetic data to new company may now be moot.
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  • Avid Amoeba@lemmy.caOP
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    6 months ago

    Start company.

    Run it into the ground.

    Go bankrupt.

    Buy it back.

    📈

    • MrNesser@lemmy.world
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      6 months ago

      Debts are gone might as well

    • TheTechnician27@lemmy.world
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      6 months ago

      OP, you linked to the comments instead of the top of the article. 💀

  • SplashJackson@lemmy.ca
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    6 months ago

    How about the data they sold

    • sugarfoot00@lemmy.ca
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      6 months ago

      That’s exactly where all the value is. Selling people’s fucking genetic information. What makes it even more valuable is that it can be used against all subsequent descendants of the person that willingly gave it up. Do a DNA test like this and you’re selling out your entire family.

  • Knock_Knock_Lemmy_In@lemmy.world
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    6 months ago

    TTAM later said it had obtained backing from a “Fortune 500 company with a current market capitalization of more than $400 billion and $17 billion of cash on hand.”

    That’s not at all concerning.

  • drspod@lemmy.ml
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    6 months ago

    I thought they had already agreed the sale of the genetic data to another company?

  • Buske@lemmy.world
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    6 months ago

    All your DNA just got bought.

  • RememberTheApollo_@lemmy.world
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    6 months ago

    So glad I never did this one.

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