23andMe’s future prompts more worries, as genomic data analysis improves

Date:

Share post:


The roughly 15 million customers of genetic data outfit 23andMe may be at greater risk than they realize, suggests a new New York Times story that argues the company’s near-term woes could become problematic for others for a very long time if it can’t continue as a going concern.

Certainly, with each passing day, the hope of founder and CEO Anne Wojcicki to take it private again seems more like fantasy.  The company, valued at $6 billion when it went public in 2021, is now valued at $150 million. It’s poised to be delisted next month. Press stories aren’t helping. (Would you buy a kit?)

The company says it remains committed to “follow laws that regulate the data we collect,” but all that genomic data in the wrong hands could be a problem that worsens. As a Yale biomedical professor observes to the Times, a hacked credit card can be replaced; a genome cannot. Meanwhile, the tech that analyzes genomes is advancing. Chances are it will become more revealing, too.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

It’s Election Day, and all the AIs — but one — are acting responsibly

Ahead of the polls closing on Tuesday, most of the major AI chatbots wouldn’t answer questions about...

Research Grid raises $6.4M to automate clinical trial admin

Amber Hill spent 14 years as a medical researcher. She didn’t mind the work, but there was...

Apple warns investors its new products might never be as profitable as the iPhone

Apple is warning investors that its new and future products might never be as profitable as the...

Nvidia just became the world’s largest company amid AI boom

Nvidia on Tuesday exceeded Apple’s market capitalization to become the world’s largest company, on the strength of...

Canoo’s CFO and top lawyer are the latest executives to leave

EV startup Canoo has lost its chief financial officer and its head lawyer, the latest in a...

X reinstates SwapYourVote’s account after suspending it as spam

In the final days leading up to the U.S. presidential election, Elon Musk’s X suspended the official...

Google ‘fixes’ issues with voting search results that weren’t actually broken

Google says it has addressed an issue with its search engine that saw it displaying a “where...

As generative AI gets better, what will happen to artists?

Suno CEO Mikey Shulman found himself in an unlikely place for the founder of a generative AI...