Founder of 23andMe buys back company out of bankruptcy auction

Comments

• avidamoeba@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  Start company.

  Run it into the ground.

  Go bankrupt.

  Buy it back.

  📈

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  • MrNesser@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Debts are gone might as well

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  • driving_crooner@lemmy.eco.br ⁨1⁩ ⁨day⁩ ago

    In the capitalist system, the investors deserve all the profits because they’re the ones risking everything, or something like this, I’m not an economists.

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    • avidamoeba@lemmy.ca ⁨1⁩ ⁨day⁩ ago

      Yes, and the workers risk nothing, or something like that. 😂

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      • -> View More Comments
  • CompactFlax@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

    You missed 2. Sell (IPO)company

    I’m not sure what he actually did as far as divestiture, but evidently he wasn’t the current owner. I wonder to what degree unreasonable growth expectations flushed the company.

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    • newnton@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

      She

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  • TheTechnician27@lemmy.world ⁨1⁩ ⁨day⁩ ago

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

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    • Krauerking@lemy.lol ⁨19⁩ ⁨hours⁩ ago

      Ah dang you did point it out. They even just copied the top comment there, unless they are ColdWetDog.

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  • ThePantser@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    So fraud? They defrauded the investors by destroying it. I bet she sold before the news the company is going under.

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• rumba@piefed.zip ⁨22⁩ ⁨hours⁩ ago

  Debts are gone AND now he can sell the user data with impunity! No NO, that was that OTHER GUY

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  • WhiteRice@lemmy.ml ⁨19⁩ ⁨hours⁩ ago

    She*

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    • rumba@piefed.zip ⁨19⁩ ⁨hours⁩ ago

      heh fair, gender bias for me.

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  • 100_kg_90_de_belin@feddit.it ⁨13⁩ ⁨hours⁩ ago

    Hey, don’t talk about Guy Incognito like that

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• deathbird@mander.xyz ⁨1⁩ ⁨day⁩ ago

  Actually an interesting turn of events. Sounds like she’d been fighting hard to get it back, but they’d been fighting her on it.

  Not sure what it all means, but there’s something going on there. It’s all very unusual.

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  • zipzoopaboop@lemmynsfw.com ⁨1⁩ ⁨day⁩ ago

    Selling off user data but has an excuse to “wasn’t me” the whole situation

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  • Imgonnatrythis@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    There’s still some gift left to squeeze out. She’s not giving up on a good bad thing.

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• SplashJackson@lemmy.ca ⁨18⁩ ⁨hours⁩ ago

  How about the data they sold

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• witty_username@feddit.nl ⁨19⁩ ⁨hours⁩ ago

  This roller coaster keeps on rollering

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• drspod@lemmy.ml ⁨23⁩ ⁨hours⁩ ago

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

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  • TachyonTele@piefed.social ⁨22⁩ ⁨hours⁩ ago

    There's an article in the link.

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• Krauerking@lemy.lol ⁨19⁩ ⁨hours⁩ ago

  Ok so I think I’m the first person in the comments to actually click to read the article, cause I’m gonna say something I’m not seeing.

  How did you get it to auto snap to the article comment section?
  Didnt realize you could share that and it wouldn’t default to the article.

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  • HereIAm@lemmy.world ⁨18⁩ ⁨hours⁩ ago

    The “#comment” at the end of the URL. It’s a title in HTML that hints to your browser to go there directly.

    Like this: en.wikipedia.org/wiki/URL#fragment

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    • Krauerking@lemy.lol ⁨18⁩ ⁨hours⁩ ago

      Oh. Neat.

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  • drmoose@lemmy.world ⁨13⁩ ⁨hours⁩ ago

    Everything after # character in the URL is called an anchor as is not actually being sent to the website server (though can be seen using javascript). The anchor can point to any ID in the HTML of the web page and browser will scroll it into view on page load. You can find the ID of any element using right click -> inspect though not all elements have explicit ids.

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  • avidamoeba@lemmy.ca ⁨17⁩ ⁨hours⁩ ago

    I’ve no idea to be honest.

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