13.3 C
Auckland
Wednesday, December 11, 2024

Popular Now

DNA testing giant 23andMe faces financial and privacy challenges

23andMe news

DNA-testing company 23andMe was once a market leader with a valuation surpassing even Apple’s but now finds itself fighting for survival.

The company’s share price has plunged from $321 to under $5 in just three years, and this week, it narrowly avoided being delisted from the stock market.

Analysts suggest 23andMe’s difficulties stem from a lack of recurring revenue and slow returns from its genetic data’s potential in drug research.

The company’s leadership has also seen significant changes, with most of its board resigning over the summer, leaving only CEO and co-founder Anne Wojcicki.

Wojcicki is said to be exploring the option of taking the company private.

23andMe is under scrutiny for the vast amounts of sensitive genetic data it holds.

he company’s database includes not only individual users’ data but also genetic information of their relatives, raising serious concerns about data security and potential misuse.

While 23andMe claims existing data protections and customer consent terms remain intact, a recent hacking incident has fuelled further market fears.

Promoted Content

No login required to comment. Name, email and web site fields are optional. Please keep comments respectful, civil and constructive. Moderation times can vary from a few minutes to a few hours. Comments may also be scanned periodically by Artificial Intelligence to eliminate trolls and spam.

2 COMMENTS

  1. Ooh, dangerous stuff to have lying around. JFK Jnr asserting ‘vaccines’ are targeted to disable certain phenotypes
    looks like a possibility.

  2. Besides, when you submit a DNA sample, you’re agreeing to turn YOUR DNA over to the Zio-Jewi$h-owned companies that do the testing and profiling.
    Noteworthy is that most of these DNA legacy companies are J3wi$h owned, and are profiling the DNA of everyone they can.
    Next time you go to MedLab, ask IF your blood sample is sold on after being analysed…just a thought, as the same thing is happening in North America and Germany.
    The greater lie that these companies promote is that a person’s DNA shows-up as being ‘part J3wi$h’
    That then garners sympathy for the J3w$ as the recipient then begins to think “Oh..I’m part J3wi$h, so I had better support Israel and Zionism”.
    Mind Control Manipulation…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Trending

Sport

Daily Life

Opinion

Wellington
few clouds
14.8 ° C
14.8 °
14.8 °
77 %
7.7kmh
20 %
Tue
16 °
Wed
17 °
Thu
17 °
Fri
19 °
Sat
19 °