I love how they say she would have been a self-made billionaire, but then they note oh hey, she had wealthy parents and was dating one of the richest guys in the planet who helped her fund the company. Do you guys know what self-made means?

@heinousanus9352

2 ай бұрын

Do you?

@danbrownellfuzzy3010

2 ай бұрын

Her parents made her clean up her room once, but it gave her a hand infection.

@thrashwerk

2 ай бұрын

It's just a small loan of a billion dollars bro.

@oOoMiSSBiRDoOo

2 ай бұрын

People with money throw around words like they throw around money

@sababaratashvili8629

2 ай бұрын

@@thrashwerk Same people made big deal about Trump's million dollar loan...

Dear WSJ, please stop calling every ivy leaguer with ivy leaguer parents, who gets a bunch of start up money from rich friends, "sell made."

@DerekDavis213

2 ай бұрын

Agreed.. They are certainly not self made.

@GreatGreebo

2 ай бұрын

Completely agree.

@keepcalmandenjoythedecline

2 ай бұрын

She married one of the owners of google for a few years, didn't she?

@mikebaker2436

2 ай бұрын

No one is a "self made" anything.

@tw8464

2 ай бұрын

Exactly they're not "self-made" being born into or well connected with the "trickle down" upper caste

The life of a corporation: 1. Start a small project 2. Notice success and continue innovating 3. Go corporate and public 4. Start introducing unecessary beaurocracy 5. Sales start to decline 6. Make the product noticeably worse to cut costs (subscription models, AI 'support', etc) 7. Sales decline even further 8. Layoff everyone but the aristocrats 9. Even more money is burned 10. The founder sells all remaining shares and investors are left holding the bag

@seashackf1

2 ай бұрын

Your missing the whole point of the company. From the beginning it was only created to collect peoples data and then sell it. They still have all the data. All this other stuff was just a way to get the data. The founder and investors still have big money coming their way. It’s the people that paid them to collect their data that should be worried who they sell it to.

@tw8464

2 ай бұрын

Exactly. Investors living on Main Street beware.

@chevyjd2007

2 ай бұрын

You forgot "layoff critical security personnel, get breached, lose your customers trust, and tank more of your sales"

@mademsoisellerhapsody

2 ай бұрын

Their sales dropped 30% two years BEFORE they went public. And the sales dropped because of unaddressed privacy concerns.

@whatisrealknowtheformula6137

2 ай бұрын

Capitalism. It works. For some.

23&me sold its customers’ genetic profile to pharmaceutical companies without their consent. I’m not surprised that it got caught up and is paying the price now.

@tw8464

2 ай бұрын

Exactly. It never should've been "legal."

@DeEchteZeus

2 ай бұрын

@@helgahaa wow. good thing i didn't do this

@baukadrun

2 ай бұрын

​@@helgahaareally!? that's so messed up. 😮

@ihk2421

8 күн бұрын

Especially because the people who are interested in their heritage tend to be more conservative and right wing, who it so happens, distrust the Government and corporations. I fall into that category and whilst I would love to get my DNA tested I don’t want the Government knowing my DNA it’s too personal

@tw8464

8 күн бұрын

@ihk2421 it seems like everyone should want to put a stop to the corporations data theft of private property. But it seems like "the corporations can do anything they want" prevails. Or the corporations con people into surface level "regulations" or "bans" that have nothing to do with anything, while the real issues go unaddressed and they continue this mass theft of data that is our private property. The corporations really have no business stealing the data of everywhere we drive but they emotionally manipulating and con us into distracted on other "issues" that have nothing to do with anything. While they go on stealing. All this data that is private property they're stealing and feeding into artificial intelligence to wipe out jobs and for some "strange reason" no one's talking about it. But the screen "economy" and those controlling groups has everyone wrapped up and distracted with emotional manipulation. The corporations need to be made to pay you if they want your data. Simple as that. But instead they've got everyone paying them to steal their own data. People in EU are aware of the problem and trying to do something about it. But here it's all emotional manipulation and let the corporations steal the data no limits.

". . . making Anne Wojcicki a self-made millionaire . . ." Well, if you ignore the fact that she was married to Sergey Brin and Google kicked in 2.6 million to get it going, but okay.

@fauxbro1983

2 ай бұрын

"Some of the initial funding" lol

@ouya_expert

2 ай бұрын

A small loan of $2.6 million

@00177454419

2 ай бұрын

2.6 million for Google is petty cash.

@ronald3836

2 ай бұрын

A self-made millionaire by working in the world's oldest profession.

@VVayVVard

2 ай бұрын

Getting funding _is_ a way to become a self-made millionaire. Either you get it by selling goods and services, or you do it simply by convincing people that your ideas are worth it.

"self made" + dated Google founder and hosted parties with celebrities

@AnalystSarvesh

2 ай бұрын

also sibling of previous ceo of you tube.

@Yuvraj.

2 ай бұрын

So she did that? Is that not a result of her actions?

@bardsamok9221

2 ай бұрын

​@@Juann-mo4bvYeah I think if she didn't have so much money she'd care more about the core product out of pure necessity. I'm really disappointed in the epic lacking of the health product. It's just ignoring so much science and so much data, markers, SNPs, it's depressing how much potential they ignored.

@MM-jf1me

2 ай бұрын

​@@Juann-mo4bv She leveraged her social connections to get investors for her business -- do you really think networking isn't a reasonable or effective business strategy?

@AB-zl4nh

2 ай бұрын

​@Yuvraj. If your parents gave you money for a deposit to buy a house, you are not a self-made homeowner.

Too many businesses are centred around raising money rather than making money these days.

@prima-madalina

2 ай бұрын

I said the exact same thing the other day! It’s really unfortunate that so many founders view raising money as a metric for success rather than sustainable growth and profitability. I’ve held management positions in startups and old school companies, and I’ve reached the conclusion that moving forward I only want to work for companies that provide tangible services and sell actual widgets. It appears companies that sell nuts/bolts can manage to be profitable and survive 100 years while these startups blow millions of dollars and implode within 10. The Silicon Valley mantra of “move fast and break things” is so destructive and volatile… it’s all smoke and mirrors.

@MichaelKurse

2 ай бұрын

Exactly, and Wall Street encourages this by telling them to concentrate on growth, so no one knows how to make MONEY.😒😒😒😡

@marcoonroad7

2 ай бұрын

> Theranos > FTX > 23andMe Yeah, seems like some startup dudes only want the money from fool investors, afterall, high society parties, drinks, expensive cars, drugs, trips, and so on, are costly nowadays 😅

@roshangeorge2127

2 ай бұрын

Exactly

@rickspalding3047

Ай бұрын

Because it's cheap money, rates have gone down since the 70s. People complaining rates are high now, it's been 3 times higher. Cheap money goes away so will all these fancy projects

My parents are self made. They’re from an impoverished country and immigrated twice to be able to live in America. My paternal grandparents abandoned my father and his brother in elementary school and worked in labor and farm jobs since the age of 4. My maternal grandfather attempted to murder my mother and beat my grandmother. They used to share just one egg between a family of 6 during birthdays. My father used to walk instead of paying 10 cents to take the bus to his construction job. They worked for 60 years of their lives. They’re retired now and are multimillionaires, but they had worked so hard without doing regular checkups that when my dad did retire he was diagnosed with cancer twice and a heart disease. My mom became half blind because or cornea was dying and had never gone to get it checked. This is the definition of self made, not super rich people creating a company with other super rich people.

@markberryhill2715

2 ай бұрын

I had to check your name to make sure you weren't one of my cousins. Lol

@arielsong1289

2 ай бұрын

Similar family background here (a bit different on the grandparents). My paternal grandma had to sell blood to afford my father's tuition fees. He and his 3 sisters, all of whom had outstanding grades, but he was the only one in the family who was able to attend college then grad school. His sisters were so supportive of him, saw him as the hope of the family. Now he has became a multimillionaire as well, and he's always generous about sharing his fortune with his siblings and parents. Though he has really bad temper and I am not very close to him, I admire him and this side of my family.

@heinousanus9352

2 ай бұрын

Still not self made.

@felixpope6073

2 күн бұрын

This is misery man, a millionaire should have a decent life

Sick and tired of the subscription model. As consumers, we need to show companies the 🖕 to make them stop.

@willcookmakeup

2 ай бұрын

I mean...they need to make money. This isn't the same as a health or fitness app. They partner with credited blood labs and medicine regulators to do this right. This isn't like Theranos with Elizabeth Holmes. Who never had a product. 23andme doesn't promise cures, diagnosis, or profound family reunions. They never claimed to do that. I have been a member for over 8 years now and haven't paid a thing. You just need to navigate the app. There are undeniably some features I wish I had, but at the end of the day - this service and product laregly gains and maintains success out of curiosity. If you have a genuine health concern - you're calling your doctor - not signing into 23andme. Whatever gripes you have with the subscription, actually have nothing to do with the subscription. Like let's say, a subscription allows you to see location of relatives, are you actually going to pay for that? Probably not. As someone who is adopted, I'm probably included in the demographic most likely to pay for extra features - and yet I do not. You and many others forget about the genealogists, doctors, IT people, customer service reps, who you will never meet, but are the ones who make this even possible. I will never be afforded the opportunity to meet my biological parents, and this the closest I will ever get

@X_crypto1977

2 ай бұрын

For real

@Murray-wk3hz

2 ай бұрын

In the future you will own nothing and be happy.

@CarrieV9

2 ай бұрын

Yes, there is nothing wrong with a product you purchase one time. This is what the consumer wants, but company greed always wins.

@chicanoinparadise

2 ай бұрын

Yeah, we aren’t that united as humans.

God I hate subscription platforms so much. the moment a company starts relying on subscriptions is the moment I'm out.

@borginburkes1819

2 ай бұрын

Same. I have ZERO subscriptions

@davidb2206

2 ай бұрын

Really? You never bought ANY TV or cable subscription chanel? I thought I was the only person in the United States.

@Tripps2564

2 ай бұрын

@@borginburkes1819 How do you access the internet or watch television?

@cherryjuice9946

2 ай бұрын

@@davidb2206 You're not the only one. I was using an antenna for years (and still do for some programs), but I bought a Ruku and stream stuff for free. If there's something to pay for, I don't bother with it. There's plenty of good stuff for free, such as I Dream Of Jeanie, Hawaii 5-O, etc. I will not pay a recurring fee for anything. Sadly, they are popping up on things that make no sense to have a fee for. I've seen BBQ grills, tread mills, etc., all have subscription. It's insane. Home Warranties are another rip off.

@qweqwe9678

2 ай бұрын

@@davidb2206 well the united states is not the world, and not everyone bought cable subscription. There's a thing called eurasia continent, and africa if you know what I mean.

My wife bought me one of these when it first came out. I thought it was so cool!!!! But I let it sit under my desk. I just couldn’t bring myself to use it. Why? Once I give my DNA to this company, they have it forever and can do whatever they want with it. I’m a healthy dude, but what happens when insurance companies (life and health, for example) decide to raise rates just for me (or not insure me at all) because I have a family history of some disease? Or cancer? Or some other thing? And considering I’m black, does this thing really know my history? Since I know nothing of my history, they could tell me anything. So then I thought about doing this with multiple companies to at least see if they’re consistent. In the end, the idea of a company having my DNA was unacceptable to me and for that a reason, I was out!!! 😂

@johnc2438

2 ай бұрын

From an old boomer retired (white guy), you're spot on! Wise decision.👍

@seashackf1

2 ай бұрын

Smart. Collecting the data and selling it was always the business model. They still have all the data. Those that paid them to collect it should be very worried about who buys it and what they do with it.

@tw8464

2 ай бұрын

You're absolutely right. Please educate all your family members about the reality of all this no limits data theft. All it takes is one family member to pay 23andme to steal your family's genetic data. This whole thing shouldn't be legal or happening.

@davidb2206

2 ай бұрын

Unreasonable, irrational fears. One of the options when you buy it is to "not keep" your DNA sample. The results are a piece of paper like your fingerprints or driver's license photo, which the gov already has. DNA and insurance companies do not work that way.

@emilysha418

2 ай бұрын

google MIT making-genetic-prediction-models-more-inclusive-1026 for more

She is not "self made", she just got allot of pocket change from rich family and friends.

@letsburn00

2 ай бұрын

That's because in the modern world, only people already with wealth can be successful. But people call any attempt to move wealth from the elites to the poor as communism, so nothing happens

@qweqwe9678

2 ай бұрын

mostly brin

@athens31415

2 ай бұрын

Every Tech CEO is not self made. They are all rich kids, mostly guys who failed in life.

There was a show that used identical triplets to test out this one, an Ancestry, and another one. The 23 and me gave each one of them different results…

@greatdara

2 ай бұрын

😂

@blazingstar9638

2 ай бұрын

Oof

@Samirustem

2 ай бұрын

Its half science and anyone with decent biology jnowledge knows it. They are just making money however they can.

@glenmiller1437

2 ай бұрын

Who says this is wrong? "Identical" siblings are not truly identical. There are differences. 23andme also has confidence levels on things like heritage. As a business, their testing results are not their problem.

@newbarker523

2 ай бұрын

Theranos-Lite then? 😂

"We're not making enough progress on the research side." I.e., you promised more than you could deliver. Oh, that's never happened before.

@bardsamok9221

2 ай бұрын

They've been extremely lazy with the main product. I think they saw the product doing well financially and forgot to improve the product, especially the health testing which is very ineffective due to missing massive amounts of important health SNPs and gene markers they don't even bother to test for. Corner cutting like that neutered their product and massively reduced any usefulness from a customer POV. It's technologically obsolete and other companies 'do it better'. Whoever is employing the science leads and DIRECTION is doing a very poor job. So poor management, sadly. So much potential lost. Sadly not testing for those important health SNPs has greatly reduced data available to researchers.

@lukerinderknecht2982

2 ай бұрын

Theranos, Tesla, etc.

@therussianemirati

2 ай бұрын

Don't place Theranos, a literal fraud, alongside a multinational successful hardware (and software) company such as Tesla 😑

@jamie6387

2 ай бұрын

FTX@@lukerinderknecht2982

@michaelhill7878

2 ай бұрын

Elizabeth Holmes

The key here is that essentially it is a buy once product. It’s unbelievable that investors didn’t identify this as a fatal flaw in the business. There’s a reason Buffet invested in Coca Cola.

Their business model was always to build up a database and then make money selling the data either piecemeal or the whole thing. The dna service is only a way to get the data, it was never meant to be the main business. Once they sell the company the buyer can do whatever they want with the data.

@tw8464

2 ай бұрын

Exactly the "business model" is data THEFT

@TrollBot.

2 ай бұрын

🎯

@tw8464

2 ай бұрын

@@YoDawgUnleashed you're absolutely right

@tw8464

2 ай бұрын

@@YoDawgUnleashed what's terrible is our family members are too often conned and don't understand they're not only paying the "trickle down" corporations to steal their own generic data but they're also letting the bad actors steal OUR genetic data without our consent. We need family members to finally start to understand the interconnected reality the way corporations already do. The government shouldn't be allowing these kinds of no limits data theft "businesses," but unfortunately these thieving corporations with their "citizens united" SCOTUS continue to get away with outright buying the government. We have to keep doing everything we can to educate our family members on the data theft of their valuable private property, how this theft is driving inequality and making them poorer, what dangerous things can be done with that data by bad actors, how they're not being compensated for all the data being stolen everywhere they drive, everything the buy, everywhere they shop, everything they say, everything about their bodies and health, etc., and how with zero wise regulation or enforce of basic law like copyright health privacy etc., anything under the sun can be done with all this stolen data, like how the data is being fed into A.I. to, in many cases, replace them in their jobs (like a man forced to train his replacement at work, this is now happening on a population scale), and many other disturbing possible future outcomes that will likely unfold and could dehumanize or endanger humanity... the serious risks are not in any way being honestly or genuinely addressed. We've got to find ways to get our family members to open their eyes to the reality and not buy into these generic data thieving schemes and other such criminal activity posing as "legit" when nothing about it is honest safe or legitimate.

@alicianieto2822

2 ай бұрын

Maybe they did not care? I don't see the issue with it

Right from the beginning it was easy to see that your genetic information might be valuable to you, but is VERY valuable in the marketplace, i.e., insurance companies, health care providers, etc. Once that information leaves your actual body, it is on the free market and can never be retracted. That data is simply too valuable NOT to sell; there is no way privacy can be reasonably assured.

@tyrellcobb4665

2 ай бұрын

All the more reason why they should be a successful company, with all that valuable data

@vinesthemonkey

2 ай бұрын

right on the money. they should pay me thousands for my DNA

@BionicBurke

2 ай бұрын

@@tyrellcobb4665 Their downfall lines up perfectly with the wistleblower leaks that they were basically building a DNA bank for the FBI.

@seashackf1

2 ай бұрын

Yes, that’s what they were doing is building a data base that they could make money off of.

@alexandrugheorghe5610

2 ай бұрын

I kind of regret taking it some years ago. 😕

0:32 How can you be a self-made billionaire when you're married to sergey brin (founder of google)

@tvm73836

2 ай бұрын

She managed to fool Brin entirely by herself

@motorbikeray

2 ай бұрын

@nickmitchko wrote, "0:32 How can you be a self-made billionaire when you're married to sergey brin (founder of google)" Where in the video was it said she married one of the founders of Google?

@nickmitchko

2 ай бұрын

@@motorbikeray she was married to brin until-2015. Source, Wikipedia

@motorbikeray

2 ай бұрын

@@nickmitchko wrote, " @motorbikeray she was married to brin until-2015. Source, Wikipedia" Fact confirmed. Thank you.

@TarotPolitics

2 ай бұрын

The article from WSJ explained that the husband invested in the company and that she kicked out the co-founder who was the actual scientist BECAUSE she convinced the board her husband’s money would be a cushion for the company. This woman is another FAKE person who came from money and convinced people she “made it” herself.

All these companies talk about protecting your personal data but then when there's a breach they just say "Oops we tried". When there is a leak the board should be required to provide their personal data to the victims

Will this stop me from seeing that dumb article where a mother she raised two CEOs and a doctor? The article also leaves out that she was married to the co-founder of Google.

@eddievangundy4510

2 ай бұрын

The mother is a terrible person. She went on and on trashing the baseball player Alex Rodriguez who this girl dated on the rebound from Brin. The oldest girl that's the one who suggested Google buy KZread, so that was excellent. The middle girl is a doctor, fine. And the baby married well. Helps to grow up on the Stanford campus.

People started to realize that their DNA is not for sale

@CraftAero

2 ай бұрын

Opposite... People realized that their DNA IS for sale. Along with their matching contact info and possibly fingerprints if they handled the vial.

@Felttipfuzzywuzzyflyguy

2 ай бұрын

​@@CraftAeroyep

@thegoastofmccain5368

2 ай бұрын

After it was already given away by a relative.

@humblecourageous3919

2 ай бұрын

If you never did anything wrong, who cares if they have your DNA and fingerprints? They have mine. I don't mind. Must be a lot of criminals out there.

@jt.633

2 ай бұрын

The way I see it is they should be paying me to give up my genetic information

You can't be considered an information tech success and a visionary if you don't lose hundreds of millions every year man.

@NithinJune

2 ай бұрын

lol we need to raise rates

@NithinJune

2 ай бұрын

i think uber just barely became profitable recently

@chicanoinparadise

2 ай бұрын

On gang!

@rockets4kids

2 ай бұрын

As long as *someone* is walking away with a profit, that's all that matters.

@pcpxbotendorastermace9948

2 ай бұрын

Its mam... MAAM!!!!!

This entire segment could have been solely about the privacy issue ALONE

@DanBrown96

2 ай бұрын

That was my issue. The fine print on these kits is laughable!

@horrortackleharry

2 ай бұрын

Yeh, I don't want to know if a close relative is a serial killer. That's private family business Bud!

2:09 this is what is scary. The data that this company has amassed is still very valuable worth more the company was ever listed as being worth! If the company goes insolvent who legally owns that potential goldmine of data?

@venicec3310

2 ай бұрын

The highest bidder

I did pay for the initial service, thinking the medical info would be interesting. I also participated in all the research questionnaires, until I realized that they were then trying to sell the most interesting results to me, instead of just giving me access to what I had participated in. That was the breaking point for me. I was done with them.

@chicanoinparadise

2 ай бұрын

Marketing works for a reason.

@seashackf1

2 ай бұрын

And now they have a database of yours and millions of others private data that they can do what they want with. Same for a buyer if they sell the company. Building that database was always the goal, not giving out useful info. The dna test was simply the way to get the data.

@lucassilvas1

2 ай бұрын

@@seashackf1 Yup. Only idiots couldn't see that coming.

@bardsamok9221

2 ай бұрын

The problem is 'the most interesting' results are half baked and the real problem is some of the most valuable SNPs and markers are not even tested for let alone reported on by 23andme. It's half the product it could have been. If they recorded more health SNPs and markers it would be a vastly better value proposition for the consumer. There's just not enough tested for due to corner cutting and penny pinching for other projects and the product just isn't good enough as a result, and they're paying for that negligence.

@seashackf1

2 ай бұрын

@@bardsamok9221 it’s a terrible proposition for the consumer because the data could be used against you by whoever buys it like an insurance company, employer, etc.

“Hosting spit parties for celebrities and investors” … Gross!

@ashleyshim2078

2 ай бұрын

😂😂😂😂

@Madelyn24

2 ай бұрын

Oh good so it's not just me. 🤮

@jonathantrue2812

2 ай бұрын

My thoughts exactly! Disgusting!

@user-4m9-dr80h4

2 ай бұрын

The next big venture will be 99.999% genetically accurate testing using a strand of the subject's hair.

@mademsoisellerhapsody

2 ай бұрын

And Weinstein is in that picture

institutional buying into AMS48K could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.

@Daya_Papaya

2 ай бұрын

scam

*This is beyond amazing.* “How to create income flow”

@svenoliver6040

2 ай бұрын

Making money is action, keeping money is behavior and Growing money is knowIedge.

@svenoliver6040

2 ай бұрын

I am fortunate I made productive decisions that changed my life forever (accumuIated over a MiI) through my finance-mentor. I'm a single parent, bought my house in January and hoping to retire at 53 by next year.

@svenoliver6040

2 ай бұрын

resear ch my mentor ⤵️

@svenoliver6040

2 ай бұрын

*Rebecca Martin Watson*

@sarahfletcher01

2 ай бұрын

l’m amazed to partake on this, lt has rekindled the fire to my goals.

Too freaking expensive. And to give up my DNA information? No way

@davidb2206

2 ай бұрын

It was only $89. I did it years ago and give full permission for all law enforcement and medical research uses that might help somebody else in the future. What are you fraidy-cat of, exactly, Little One?

@MrZoomah

2 ай бұрын

​@@davidb2206"I want to make an insurance claim." "Denied." "Why?" "Preexisting genetic condition. remember how you agreed to help someone? Thanks for the help."

@dead01

2 ай бұрын

I heard they sell the data to China

@valevisa8429

2 ай бұрын

My DNA information is out there for the whole world to see.I don't care.

@karanjain5663

2 ай бұрын

@@davidb2206 Well - for one thing, your entire genetic profile being available on the dark web. But year you're amazing for name-calling - clap clap.

Is that Weinstein in the group picture ? 1:20

@asl_iwnl8489

2 ай бұрын

Yes

@NC000C

2 ай бұрын

And Wendy deng😮

@blazingstar9638

2 ай бұрын

Yes

@herogebrial

2 ай бұрын

Sure is....he is a part or the club 😉

@herogebrial

2 ай бұрын

​@@NC000Cwho's that?

I had no idea I liked pasta until 23andMe told me I was 1/8th Italian. Now it’s the cornerstone of my personality! Such a shame the company isn’t doing well. Che peccato!

@paulette6127

2 ай бұрын

That was really funny

@jtassani7

2 ай бұрын

BAHAHAHA- same here piasan

@AdamBechtol

2 ай бұрын

:p

@mvmlego1212

2 ай бұрын

Have you seen the videos of Hispanics who are shocked about being substantially Caucasian? I'm amazed that some people can base their identity around their genes while being so ignorant of genetic science.

@chronic2023

2 ай бұрын

​@@mvmlego1212 Substantially Caucasian as opposed to what? Native American? North African? (Thinking Moorish influence in Spain.)

I raised the hammer high when your first pick was AMS48K.. Been collecting this bear cycle.

@Daya_Papaya

2 ай бұрын

scam

@deepgeny1

2 ай бұрын

Scammer alert

"Self-made" billionare. Dating the cofounder of Google sure does have a lot of perks.

@mikegee729

2 ай бұрын

2.3 million of them to start. Also a very timely response from the FDA.

@cancerino666

2 ай бұрын

I'd love to be "self-made" as well. Any billionaire wanna give me a small loan of a million dollars?

A service you ever use once. How could it possibly stop making money?

@chancellorasher9417

2 ай бұрын

I mean that model isn’t the problem, once you have their info/data sell it to the government which is where the money is at. The problem is once people found out that the government has access without people’s consent then they won’t use the service at all.

@ricksmith2127

2 ай бұрын

@@chancellorasher9417 apparently selling to the government isn’t where the money is.

@seashackf1

2 ай бұрын

@@ricksmith2127nope, selling the data to private companies is where the money is at. Or selling the whole database to a new buyer who can do whatever they want with it. All that data is still out there and somebody will buy it and do who knows what with it.

@r5t6y7u8

2 ай бұрын

Exactly. There's a saying in business that there's no benefit to making products that last forever. My parents got me a set of Ethan Allen furniture when I was ten. I'm 56 and still use it. That set would cost $6,000 today, ten times what Ikea would charge. EA made $150M in 2020. Ikea made $40 billion.

@cherryjuice9946

2 ай бұрын

Test improve over time. If you bought a kit 10 years ago, it might test something like 300,000 SNPs. A more recent test gives much better coverage. Also, you can buy a kit for your autosomes (1-22) and for the Y if you have a Y chromosome. Or, you could test your mtDNA. Plenty of money to make. Plus, some folks such as myself have bought kits for relatives that wanted to do the test, but they couldn't justify the cost. That said, I will never buy another 23AndMe test kit. There are plenty of other companies in this space that offer a better product.

I'm betting AMS48K will perform well, it havent had a cycle yet and they have a strong community on both, and AMS48K update will make rollup fees even lower. Just my 2 cents. Great video goodvibes

@MrX8503

2 ай бұрын

Scam

@lookinaturmom

2 ай бұрын

bot

Super informative in under six minutes. Great video.

Reminds me of Theranos except the lies. It's just hard to make money in the medical arena but what's more striking is how fast she got FDA approved. Can't help but think it was because of Sergey

@kikiTHEalien

2 ай бұрын

Why wouldn't they get fda approval? There is 0 risk for the health of the consumer

@keepcalmandenjoythedecline

2 ай бұрын

Try getting FDA approved yourself. Nothing fancy, just present a business plan where you only operate as a front, you buy the kits off of 23 and me, re-package them, re-sell them and when the client uses it, you send it back to 23 and me and they do the testing. You just provide a better web interface to give the client the same information that 23 and me does but for double the price. Mind you, I'm assuming you are neither a big tech player nor a shoe, or part of their inner circles...

@borginburkes1819

2 ай бұрын

@@kikiTHEalienthey paid for the approval

@johnmcho

2 ай бұрын

The tech was well known. The innovation was on the operations side.

@lucassilvas1

2 ай бұрын

@@kikiTHEalien Yes, there is? Misdiagnosing people can cause harm.

When the government can reach into their genetic bank...the people took notice 🤣

@davidb2206

2 ай бұрын

So what? They can check mine every day. No different than your fingerprints, which they likely already have. Or your driver's license photo.

@agustino42491

2 ай бұрын

very different... stupid take @@davidb2206

@NyanyiC

2 ай бұрын

​@davidb2206 the DNA was not submitted to the police

Did mine early. They said my ancestors were from the British Isles. Well I knew that. I was hoping it would be a little more detailed...

Good refresher to how bubbles pop. Sticking with index funds for my investments.

It irks me knowing my mom took one of these tests... Now they have MY DNA and some ai robots gonna try and use in the future...

@tw8464

2 ай бұрын

Exactly you're absolutely right now God knows who had your genetic data and what they'll do with it. According to "do anything we want all the time zero real security dump it all in the river" "trickle down" controlled US government, the thieves of your genetic data can do literally anything under the sun they want

@tw8464

2 ай бұрын

Yes in the future AI has your genetic data and can decide to do terrible things to us and humanity. This is no longer "science fiction" and the corporations and US government only thinks about the current quarter's profits, completely abdicating all responsibility for thinking ahead or dealing with many serious matters affecting the people and humanity and the future

@hawaii3231

2 ай бұрын

You and your mom have different DNA

@fartnutssupreme4930

2 ай бұрын

Relax. Honestly, you’re not that special and they don’t care about nearly as much as you think.

@chemical2401

2 ай бұрын

More than close enough to use for forensics @@hawaii3231

Turns out there's a finite number of customers in the world, and a smaller finite number of people who want to take a DNA test. And when it's taken one time only? Turns out eventually the money stops coming in. This is all just a basic business analysis, not including the data privacy concerns.

@seashackf1

2 ай бұрын

They can still make money selling the data or the whole database. That was always the goal and the scariest part.

I just sent my spit a month ago... It's sad, can't trust ANYTHING in this world. I want to just sit in a room and deal with no company or person.

@firdosvohra4315

2 ай бұрын

BTW You’re my soulmate

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

@Emily24338

2 ай бұрын

You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were valuations were based on future potentials earnings.

@jacksonlucas5933

2 ай бұрын

I agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my manager comes in, to help me with entry and exit points , I've accrued over $550k from an initially stagnant reserve of $150K all within 14months.

@blessingpeter5681

2 ай бұрын

Please can you leave the info of your investment advisor here? I’m in dire need for one

@jacksonlucas5933

2 ай бұрын

Sure, the investment-advisor that guides me is..

@jacksonlucas5933

2 ай бұрын

MARY TERESE SINGH

lol a subscription platform… they all really think we are so dumb?

@sport504

2 ай бұрын

😂

what stops insurance companies from getting their hands on the data, or a contractor hired by the insurance company??

@choysum9030

2 ай бұрын

Absolutely nothing

@Whatisthisstupidfinghandle

2 ай бұрын

You submit blood test to insurance companies for life insurance. They already have this. The horse is well out the barn

@tw8464

2 ай бұрын

Nothing. What 23andme and others are doing with data is CRIMINAL

@davidb2206

2 ай бұрын

Silly, irrational paranoia. I did it years ago and I give full permission for all law enforcement and medical research uses that might help SOMEBODY ELSE. (Start thinking about SOMEBODY ELSE sometime in your life.) It has caused me ZERO problems (or worries). I support a national database of everybody because it WILL solve crimes, if not prevent some, too.

@rotopope

2 ай бұрын

​@@davidb2206 won't somebody please think of the corporations?!

All these startup CEOs had these grandiose plans and speeches. Part of it was performative groupthink, ie "this is what tech CEOs do". The other part was just cluelessness about how the world works.

I just bought one $129 last month. What I don’t get is why they want me to specify my ancestry and other stuff in the questionaires before the results?

@429supercj

2 ай бұрын

Lie and see what happens

@sylviabargas3340

Ай бұрын

Depending on your ancestry, it can help them build their Reference Panel. What's most useful to them is if all four of your grandparents are from one area, say Madagascar. If that's the case, then your DNA helps them to define what "Madagascar DNA" is, and at a lower price than them having to go to Madagascar and test people.

Elizabeth Holmes 2.0

@bonjourRK

2 ай бұрын

My initial thoughts as well!! Except this product was apparently effective but the business model was flawed🤔

The vast majority of technological innovations are not the basis for long term profitability: scientific research itself itself is a chairty not a business.

@jpcaretta8847

2 ай бұрын

Not a charity , just REAL VALUE ! The true human nature. They are the people who made our world. People in finance are just monkeys trading bananas for sexual favor. No progress there.

@user-4m9-dr80h4

2 ай бұрын

Basically, every Cherokee-Native-American-African -American women has had their DNA analyzed.

@klnnlk1078

2 ай бұрын

Agreed, but what technological innovation exactly did 23andme make?

@j33k83

2 ай бұрын

@@klnnlk1078 that you could make spitting in gatherings a norm?

@marcoonroad7

2 ай бұрын

based and spitting facts

They actually had potential by providing a database research platform for hospitals, science research and law enforcement. Hence a recurring revenue model would've worked. The real problem is their products didn't really solve a need for average consumers. It was a novelty.

This is why when I did molecular biology and did our own mRNA maternal line DNA test with a cheek sample. I know I did mines adequate to get good results but others messed up their samples with too many mutations. I saw how accurate my results are and never did any of these tests. My sister did one and her results are completely different than mines

Was that Harvey?!

@tabby73

2 ай бұрын

Yup

The sequencing technology they used is deeply flawed. False positives and false negatives are making it impossible for them to develop any meaningful products.

It's really clear from this the dangers of a commercial model of drug development. They have to be able to 'prove' that their drug works, or the business will fail. So, if the drug doesn't really work... well there's a whole lot of pressure encouraging data forgery

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

@MickyGlover

3 күн бұрын

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

@kurtKking

3 күн бұрын

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.

@donovantobs

3 күн бұрын

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

@kurtKking

3 күн бұрын

Michele Katherine Singh is a hot topic even among financial elitist . Just browse, you’d find her, thank me later.

@donovantobs

3 күн бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

3:32 oh it’s a SPAC. That’s all you had to say really

@mensrea1251

2 ай бұрын

lol yeah

Give my DNA to government? Nope, not doing that.

I'm old. So I can remember when genetic data and the implications of that data was first discussed. Talk was that the public would understand the potential dangers of collecting information revealing you have a greater risk of developing a serious illness or dying young. Someone who understood marketing and human nature said, "Oh, we'll collect it. We'll even get the public to *pay* to have it done." They were right.

@ohsweetmystery

2 ай бұрын

Just like getting people to pay for and install the self surveillance in their own homes.

I love how non-doctors keep thinking they can beat medicine and sidestep privacy rules. If they were smart, they would have partnered with a pharmaceutical rather than buy with borrowed money.

I'm glad I never sent my sample in. I didn't believe they could securely or honorably handle such private data.

I'll always remember this company for exposing just how insanely high paternity fraud actually is. Should rename the company to "1 in 3"

1:19 Spit parties with Harvey Weinstein? Nah, I'll pass

South Park did a brilliant bit about this. “I’m part Native American! I’m 15% victim!” I think enough people realized that this isn’t that special

Human Genetic Engineering is a metaphorical tower of babel whose contruction would doom us all.

Turns out, lots of people out there don't want some company owning the blueprint to their soul.

@1106gary

2 ай бұрын

the soul is genetic?

@heinousanus9352

2 ай бұрын

@@1106gary The 'soul' is a fiction, just like 'self made'.

@user-dw1ls3rp1l

2 ай бұрын

@@1106gary Can it be proven that it isn't?

23andme can collaborate with supplement companies in addition to drug makers and sell individualized supplements based on genetics. Consumers would keep buying the individualized supplements if it really worth it. However, that would prohibitively bring the cost up for supplement companies. It is not practical for drug/supplement companies to make drugs/supplements for each individual in the market.

The pharmaceutical and personalizing health angle reminds me a lot of Theranos’ value proposition

Self made??? She’s an ivy leaguer and her sister was the ceo of KZread

So does this mean I SHOULDN'T buy their stock? Because I can literally afford like 8,000 shares.😅

@lunayen

2 ай бұрын

Maybe buy a few. Like 100. If they separate their two business models, then at least you know you didn't waste all of your mjney

@jeffghant4760

2 ай бұрын

@@lunayen Forget 23. I'm dumping cash into SoundHound. I just bought 400+ shares. NVIDIA is also buying.

@jeffghant4760

2 ай бұрын

@@lunayen Nvidia owns $3.7million worth. I need more cash😬

They were around just long enough to gather everyone’s dna through that one aunt

Bravo! They completely messed up my dna analysis and my mom s

1:21 I spot Harvey Weinstein

I used their product because of the historical genetics, just fun to know. Medical diagnosis, not at all. That data is from surveying customers, which is not reliable data.

@1106gary

2 ай бұрын

The dreams of becoming a medical company is where they over stepped.

What's amazing is by tanking the company, $millions worth of DNA data is going to go to some shady company for ¢ents

@1106gary

2 ай бұрын

I hope it goes to one of the other DNA companies. It will increase the value of both of their data bases. And maybe connect me to long lost relatives.

@ThePlayerOfGames

2 ай бұрын

@@1106gary it's going to connect your health insurance to your bank account via a higher bandwidth link, buddy. It's going to connect your health ministry to eugenics whenever they feel like it, dude. It's going to connect your recruiter to arbitrary reasons to not hire you, chum.

Would've been nice to see a bit more about the hack in this, particularly how long they waited to mention it, and the rapid changes to their terms & conditions that were forced on consumers, in order to protect themselves from legal actions.

Sharing DNA results with Law Enforcement agencies was a pretty stupid move. They were violating the privacy of their customers.

@Solitude1990

2 ай бұрын

All companies HAVE to share their information with law enforcement, even Google. It’s insane to think you’d be safe sharing any of your information and that law enforcement couldn’t get to it; they can and will. As they should. If you’re a bad person and have something to hide, then be smarter and don’t share any of your information anywhere, not even Google

@ohsweetmystery

2 ай бұрын

The consumers agreed it could be shared under terms of service. Always read the small print.

@sylviabargas3340

Ай бұрын

23andMe didn't share DNA results with Law Enforcement. That was GEDmatch and FTDNA

My great grandmother was 100% Cherokee, her daughter my grandmother and her daughter my mother. My 23 and Me shows no American Indian!!?

@williewonka6694

2 ай бұрын

Lying by someone.

@joe97nsx

2 ай бұрын

Is that you Elizabeth Warren?

@KenToney

2 ай бұрын

@@williewonka6694 the reason I said it flows through the women then it can’t be because of an illegitimate birth, I even have the traits of my great grandmother.

@KenToney

2 ай бұрын

@@joe97nsx haha, maybe

@KenToney

2 ай бұрын

@@joe97nsx not only that I’m one of a little over 100,000 descendants of Pocahontas in US (true story) but it shows no American Indian in my DNA

Before I could get my results, they made me fill out an endless personal questionnaire!

Yeah, I understand that 23andME was selling the their customers DNA information as well. I'm sure THAT helped to lower the price of their kits as well.

Wall Street seems to have a evaluation problem. Not everyone that comes out of Silicon Valley is a tech company

Perfect time to grab some shares 😎🤑🤙

1:19 - jumpscare on the right hand side.

Their goal was not to succeed as a company but rather to gather and upload everyone's genetic data. Now that the mission is complete they are no longer needed.

@seashackf1

2 ай бұрын

The goal was to gather the data and then sell it. They can do that piecemeal or all at once. That dat is still out the, a new buyer could do anything they want with it.

@borginburkes1819

2 ай бұрын

Founded by Ashkenazi

@user-oe5ey3ex8b

2 ай бұрын

@@tahwseodti Do you not know what the company does?

@johnc2438

2 ай бұрын

I never uploaded my "genetic dna" -- and I'm part of the group "everyone." Mission incomplete.

@seashackf1

2 ай бұрын

@@johnc2438 enough people did and the original founders and investors made $$$ millions. They also still have data to sell for millions more. Mission complete.

They have the same problem as Theranos did. There’s yet no technology (in their case - DNA tailored drugs) that actually works better than alternatives.

Elizabeth Holmes s best friend 😂😂

Can’t really know if it works (unless you go and test with other labs) and as a bigger biz problem you only use it once essentially!

Once you reach full market saturation with your product what ekse did you think would happen?

Well deserved

@f_pie

2 ай бұрын

hope they go to 0

@PierreDennis

2 ай бұрын

​@@f_pie I'm gonna buy their stock then! I'll be so rich! I can buy the company!

The fact that Hollywood and Silicon Valley are in the same state is a problem....

Thanks for the video update. 23 & Me got into selling new drugs. Up and coming Drug pushers have brutal competition.

when they went public, the founders would have dropped most of their stake. Exit when the hype is at its peak.

@tw8464

2 ай бұрын

Exactly their evil game

@herogebrial

2 ай бұрын

Mom and dad always losing the investing game

Oh wow, who would have thought another 2021 SPAC would go bust... imagine my shock.

I’ve never done any of these tests as the thought of a company having my dna freaks me out

Al is a f*cking pro in this business

Yeah these companies want to own you're soul, for the price of knowing a little about you're self. Madness!

@tw8464

2 ай бұрын

Exactly

@tw8464

2 ай бұрын

They're exploiting people's narcissism to steal everything and destroy us all. No decent government anywhere would be allowing this.

@tw8464

2 ай бұрын

You can see it not just with 23andme but also Facebook. Zuckerberg exploits the moms to always upload data about children. Basically stealing the entire data of entire childhoods and people's whole lives. And can do literally anything with the stolen data feed it into AI to build a digital replica of the human mind far more powerful than any human mind meaning all these moms that uploaded all their kids data to hand over everything to Zuckerberg have also destroyed the children's futures because there will be no jobs for them in the future because of the stolen data to build these extreme AI "models." The people stealing all the data are lying about everything. This is NOT "the industrial revolution." This is AI taking over the human mind.

They should have expanded more. There are giant markets to explore. These DNA test kits are barely avaible in Brazil, they can also release a pet version…

The company has a theoretical cap for its main product, I couldn’t fathom how they convince investors to look past that without other revenue stream

People are lost, sad, and someone came along and told them…”if you know your ancestry, it will give you purpose and meaning and you’ll feel special and different.” But it doesn’t. What does knowing you are 7% Ethiopian have to do with your morality, mortality, relationships, contentment? Great hustle though.

@somuchfortalent

2 ай бұрын

Some things can be just for fun.

The problem with 23 and me is that it’s a one time service. There is no recurring revenue for their users. They were just too late on the pharmaceutical side.

@jenniferindigochameleon6680

2 ай бұрын

Wow they should have said that in the video