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.
Founder of 23andMe buys back company out of bankruptcy auction
Submitted 3 weeks ago by avidamoeba@lemmy.ca to technology@lemmy.world
Comments
deathbird@mander.xyz 3 weeks ago
zipzoopaboop@lemmynsfw.com 3 weeks ago
Selling off user data but has an excuse to “wasn’t me” the whole situation
Imgonnatrythis@sh.itjust.works 3 weeks ago
There’s still some gift left to squeeze out. She’s not giving up on a good bad thing.
rumba@piefed.zip 3 weeks ago
Debts are gone AND now he can sell the user data with impunity! No NO, that was that OTHER GUY
WhiteRice@lemmy.ml 3 weeks ago
She*
rumba@piefed.zip 3 weeks ago
heh fair, gender bias for me.
100_kg_90_de_belin@feddit.it 3 weeks ago
Hey, don’t talk about Guy Incognito like that
SplashJackson@lemmy.ca 3 weeks ago
How about the data they sold
sugarfoot00@lemmy.ca 3 weeks 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 3 weeks 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.
Tinidril@midwest.social 3 weeks ago
A little searching finds only on company that really fits the bill. Costco has a market cap of $433B and had a reported $14.8B cash on hand as of May 11. That’s an interesting possibility that I wouldn’t have guessed. Costco is less evil than most big corporations, so that’s a little hopeful if I got it right.
musubibreakfast@lemm.ee 3 weeks ago
Calling it here, Costco is going to use the genetic information to create the perfect hot dog.
Tinidril@midwest.social 3 weeks ago
Shit, Oracle was down in the low $400B range in May. Apparently being evil pays well in the current administration.
drspod@lemmy.ml 3 weeks ago
I thought they had already agreed the sale of the genetic data to another company?
TachyonTele@piefed.social 3 weeks ago
There's an article in the link.
witty_username@feddit.nl 3 weeks ago
This roller coaster keeps on rollering
Krauerking@lemy.lol 3 weeks 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.HereIAm@lemmy.world 3 weeks 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
Krauerking@lemy.lol 3 weeks ago
Oh. Neat.
drmoose@lemmy.world 3 weeks 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.
avidamoeba@lemmy.ca 3 weeks ago
I’ve no idea to be honest.
lka1988@lemmy.dbzer0.com 3 weeks ago
Some webpages have a bad habit of automatically appending tags or outright changing the URL as you scroll down.
Buske@lemmy.world 3 weeks ago
All your DNA just got bought.
viking@infosec.pub 3 weeks ago
Bought back by the one person who already had prior access, and bought by her own research non-profit. As far as privacy concerns go, that’s the best case scenario.
RememberTheApollo_@lemmy.world 3 weeks ago
So glad I never did this one.
nutsack@lemmy.dbzer0.com 3 weeks ago
how the fuck did this company go bankrupt what did i miss
avidamoeba@lemmy.ca 3 weeks ago
📈
MrNesser@lemmy.world 3 weeks ago
Debts are gone might as well
driving_crooner@lemmy.eco.br 3 weeks 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.
avidamoeba@lemmy.ca 3 weeks ago
Yes, and the workers risk nothing, or something like that. 😂
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
Bondholders are having a haircut.
CompactFlax@discuss.tchncs.de 3 weeks 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.
newnton@sh.itjust.works 3 weeks ago
She
TheTechnician27@lemmy.world 3 weeks ago
OP, you linked to the comments instead of the top of the article. 💀
Krauerking@lemy.lol 3 weeks ago
Ah dang you did point it out. They even just copied the top comment there, unless they are ColdWetDog.
ThePantser@sh.itjust.works 3 weeks ago
So fraud? They defrauded the investors by destroying it. I bet she sold before the news the company is going under.