Their creditors are going to be looking for recompense. So I feel like this is one of those times when we use the answer of "yes".
one of the cofounders is trying to buyout the company but I have to imagine they'll get outbid in the bakruptcy process.
The Saudi investment fond. It's a perfect complement for that Pokemon Go data.
I hear they’re quite fond of it
happy chopping sounds
Some future Musk backed AI eugenic human embryo generator.
Xattaca
He's Looking for female incubators, of course they have to be white for him.
ICE
facebook
Mormon church seems like a good candidate.
How on Earth did they manage to fuck this up?
They were the leading firm in a field where having the most data makes yours the most accurate tests. Their product sold for hundreds of dollars a pop, with practically zero marginal costs to run the tests. And they were really popular, selling like hotcakes.
It's insane just how astoundingly incompetent upper management can be sometimes.
They were being sued in the past for privacy breaches, they probably are in more trouble financially n than what's being reported?
Apparently they were just there to sell your genome data once you submit it, also there's no repeat customers since once you get your results you aren't going to get another one.
Good article. It was fundamentally not a good business model. You have to acquire new customers constantly just to keep the lights on, it’s unsustainable. Adding on top of that the expectations from investors to grow every year, and the collapse we see now is guatanteed.
I see they tried to diversify, that could have helped, but without a recurring revenue stream at the core of your business, you cannot become the big company they wanted to be.
Yes, just terrible management. They could have just made good money, but no, there has to be more. So excessive greed at any price - now it's just bankruptcy. But I'm sure that won't bother the senior management: they've already put their millions in a safe place and will simply move on. The next company that needs their outstanding leadership is bound to come along...
No returning customers, due to the nature of the business. It's dead from the start.
I'm not sure what would make you think the "customers" for an enormous DNA database were the people providing the DNA.
Those people were just paying to be the product.
people get born every day
It can't be just that, right? There are loads of successful products that any given person only ever buys once.
Reminder that you can download and save your data locally then revoke your consent agreements and delete your data. Who knows if it will actually be deleted though.
Edit: Also revoke your consent to store your sample if you allowed that.
Pepperidge Farm remembers
US people should get ready to be denied even more healthcare
Well, I've always been curious what a ruthless person would do with all that DNA data. I'll finally find out.
Church of Latter Day Saints will probably buy it. They believe they can convert the dead.
They can’t possibly be that stupid. I’m sure they have more sinister plans for these geneology databases. My first guess would be blackmail. But I’m guessing they have a ton of other evil ideas.
why do they need DNA for that?
I am so glad i never used the kit my dad got me. I had a suspicion this would happen sooner or later
I wonder who they will sell their data to
Their creditors are going to be looking for recompense. So I feel like this is one of those times when we use the answer of "yes".
one of the cofounders is trying to buyout the company but I have to imagine they'll get outbid in the bakruptcy process.
The Saudi investment fond. It's a perfect complement for that Pokemon Go data.
I hear they’re quite fond of it
happy chopping sounds
Some future Musk backed AI eugenic human embryo generator.
Xattaca
He's Looking for female incubators, of course they have to be white for him.
ICE
facebook
Mormon church seems like a good candidate.