5/19/2025 at 3:42:48 PM
Considering the long list of awful pharma, insurance, and marketing firms in the world out there, Regeneron is probably one of the better outcomesby yawnxyz
5/19/2025 at 6:25:20 PM
Which somewhat undermines all the doomsday scenarios that people have been talking about. Going back to 23andMe going bankrupt in the first place, this data is clearly not worth nearly as much as it would be if any potential buyers thought there was an actual legal path to abusing this data in the way many are predicting. That doesn't mean that won't change in the future and part of the problem here is that there is no putting the toothpaste back in the tube, but buyers don't think this will change anytime soon, which should be an indication that it probably won't.by slg
5/19/2025 at 7:05:11 PM
DeCODE, which was a very fancy Icelandic company roughly in the same niche as 23andme (founded in the 1990s!), also got bought by a pharma. Amgen in their case. For more background, see: https://en.wikipedia.org/wiki/DeCODE_genetics.Genetic information is valuable for finding drug targets, but it's generally a poor predictor of disease, except in case of rare monogenic disorders. With the advent of large population studies such as UK Biobank, which include lots of epigenetic information as well, I am not sure if one can get much extra value from 23andme's dataset in a pharmaceutical context.
by nextos
5/19/2025 at 11:08:11 PM
> Which somewhat undermines all the doomsday scenarios that people have been talking about.Does it though? This is just a temporary stop gap, the data will continue to move and be exchanged, and this company will eventually collapse or be bought out as well.
by AlecSchueler
5/20/2025 at 12:16:29 AM
In a world in which people are willing to wildly speculate on stuff like NFTs and crypto, no one was willing to speculate on purchasing this data. That doesn't mean this data will never have value (which I stipulated in my original comment), but it is a clear indication that no one with the money to afford this data genuinely thinks it is worth the billions it would be if some of the fearmongers' claims were perceived as likely outcomes.by slg
5/20/2025 at 10:01:10 AM
It may also be possible that the data's value is not realizable today, but can be in the future (in a way that does not benefit the people from which this data was derived).This has played out in real time since the advent of stable diffusion and LLM ai - the data available on the internet was originally thought to be unmonetizable. Most people putting that data online simply thinks nothing of it, and let it be freely viewed.
Now, all of a sudden, these same people start complaining that their data are being used to train an ai (from which they obviously claim they want a piece of the profit off).
I expect genetics data to follow the same trajectory (and we just dont have any use for said data right now).
by chii
5/20/2025 at 4:06:13 PM
Yes, that is why I used the word "speculate". If there is a 10% chance this data explodes in value by 100x, then we could have expected that someone would have paid close to 10x the cost (minus the NPV of that money). The fact that no one did indicates a widespread belief that the odds of this hypothetical change happening are perceived to be low or that the value wouldn't actually increase that much after the change.by slg
5/21/2025 at 12:31:42 AM
Your logic seems to be based on a belief in a perfectly rational and near-omniscient market. Given how much money is lost in various investments, how many companies fail, etc... I'm not sure such confidence is warranted, or safe.Dismissing valid concerns about such data being sold and traded around as "fearmongering" also seems unfair. Given the
by squigz
5/19/2025 at 6:58:48 PM
Idk.Everybody made fun of Elon buying twitter but the spin-off from it (X.ai) was valued enough to buy the original company.
We'll need to wait a bunch of more years to see if the 23andme concerns were unfounded.
by lesuorac
5/19/2025 at 7:29:36 PM
Those are all paper transactions with made up numbers. You need outside money coming in from sane investors for the numbers to mean things.by mgiampapa
5/19/2025 at 10:55:04 PM
Fidelity isn't a sane investor?Crucial X.ai bought out X with a minority of stock. X.ai as in the thing spun out from X to do ai using X's data. Fidelity seems to value X.ai enough to be happy to have gotten more shares of it using the X shares.
I swear if OpenAI happened like 1 year prior to the twitter sale then everybody would have a different opinion about 44 Billion being the correct price for twitter.
by lesuorac
5/19/2025 at 11:14:19 PM
Existing investors can be onboard with the possibility of an exit even if it's less than their investment. From Fidelity's perspective they have a pile of money burned in a fire. Turning the ashes of that pile into what might be a swing for the fences or any type of exit at all is attractive. Also, sometimes good money follows bad to hedge against taking a larger loss on paper and in this case buying favor might get them access to another deal like SpaceX. None of it feels above board, an efficient market in action, or sane from most perspectives.by mgiampapa
5/19/2025 at 10:00:50 PM
Huh? Both the acquisition of Twitter and the ongoing capitalization of X.ai involved real outside money from external investors.by next_xibalba
5/19/2025 at 10:25:17 PM
The sale of X to X.ai at the end of march was not an arms length transaction.by mgiampapa
5/19/2025 at 4:08:22 PM
They will keep selling and re-selling copies of this dataset as long as there are interested buyers.by bflesch
5/19/2025 at 4:23:55 PM
There may be some sort of exclusivity clause that comes with the sale - though, of course, that's no guarantee of anything.by pavel_lishin
5/19/2025 at 4:30:41 PM
Does the first sale doctrine apply to B2B?by xxpor
5/19/2025 at 4:48:02 PM
First sale doctrine only applies to physical copies.by hiatus
5/19/2025 at 4:40:55 PM
I'm not sure if buying a CD from Walmart is comparable to buying a large business full of people's personal data.by pavel_lishin
5/19/2025 at 5:02:32 PM
That’s not what has been happening with DiscovEHR and Regeneron Genetics Center data.by benrapscallion
5/19/2025 at 5:44:49 PM
So farby davidcbc
5/19/2025 at 6:58:08 PM
So the database of DNA will continue to be copied, and copied, and copied...Life, uh, really does find a way!
by shadowgovt
5/19/2025 at 6:59:55 PM
Licensing, not selling.by 1vuio0pswjnm7
5/19/2025 at 4:23:37 PM
There is no "better outcome".People who got bamboozled into paying for this junk service shouldn’t have their DNA data treated as some commodity that can be traded like a stock.
The sale of this data should be treated as PII and "transfers of ownership" should not be implied. The default for every user should be to delete the data upon sale of company and provide a way for users to opt in to the transfer.
Users should be incentivized and trust (if any at this point) needs to be rebuilt with this new company, not implied.
by xyst
5/19/2025 at 5:52:05 PM
I paid for a service that gave me useful insights into my ancestry and health profile, and it cost me less than 30 minutes with a teledoc and a basic blood test. I opted out of keeping my sample in storage and using the data for research at the time, and deleted my account and data a few months ago as a matter of general digital hygiene, but even if they didn't honor any of that, I don't see why I should be concerned about it being out there. The privacy concerns were quite obvious and oft-discussed several years ago when I sent my sample in, so I certainly didn't get "bamboozled". I'm sure there are many people who didn't consider that their data may not be private, but how many actually care about that?by bananalychee
5/19/2025 at 6:58:03 PM
The ones that are reliant on health insurance to not die and now can't have any because their genotype suggests they might be expensive?by JonChesterfield
5/19/2025 at 6:59:23 PM
The right solution to that continues to be outlawing genetic risk-based cost scaling. Doing anything else means that we're just deciding people get to live and die due to their genetics and we will systematically encourage that; it's eugenics with extra steps.That means the only insurer who could afford the risk is the US government.
This is a feature not a bug.
by shadowgovt
5/19/2025 at 9:49:44 PM
[flagged]by charcircuit
5/19/2025 at 11:15:51 PM
https://www.eeoc.gov/statutes/genetic-information-nondiscrim...by floxy
5/19/2025 at 4:26:10 PM
It's pretty wild we don't have laws that cover thisby yawnxyz
5/19/2025 at 9:07:23 PM
It is the obvious eventual outcome in any system that is built as "If it isn't explicitly illegal, it's allowed". We will forever play loophole wackamole until we change our system such that doing bad things isn't allowed just because we haven't named a rule after you yet.by mrguyorama
5/19/2025 at 5:52:47 PM
That's exactly why I never used it. Unfortunately I have family members who did so it doesn't matter that I avoided it.by specto
5/19/2025 at 6:04:59 PM
That part has never sat right with me.Grandpa sewed some oats before he got with your grandma? That's his business, not his relatives'.
It's hard to argue that a criminal's rights are being violated if he's found out through a DNA database, but the privacy ramifications overall of them are really unfortunate. The world is moving to a place where your biometrics are on the record, and the government can use them to hunt you down (see also, Global Entry, fingerprinting people who work with kids, Real ID, speed cameras, etc.).
I really don't like that we're being surveilled by default now. It's even creepier when there's now an administration in power that has no respect for prior norms and a long list of perceived enemies.
by bsimpson
5/19/2025 at 9:52:50 PM
I don't like a lot of the things you mentioned, but I do like some of them.I like that you have to be Live Scanned to be an EMT or work with children. You aren't forced to do those jobs and they do require a higher level of trust. The FBI opened its fingerprint database a century ago now, and it's been used for a lot of good and I'm sure some bad. But more good?
by conradev
5/19/2025 at 8:16:56 PM
>> The world is moving to a place where your biometrics are on the recordI remember watching GATTACA and thinking how depressing it was in 1997. Its been less than 30 years and we're already here.
by burningChrome
5/19/2025 at 6:48:48 PM
yeah I did bioinformatics for a living and I warned anyone I knew to not get this (or ancestry, etc.)by yawnxyz
5/19/2025 at 4:44:56 PM
[flagged]by ikiris
5/19/2025 at 5:18:08 PM
To those who see securing genetic privacy rights as a critical issue, what would you recommend they do? Just wait and Vote Harder Next Time?I think Americans overall would very much support their PII being recognized as such, and to prevent the wholesaling of their genetic data.
Energy spent pointing fingers and throwing hands up would be better spent researching, educating the public, lobbying congress, and drafting legislation to support genetic (or general!) privacy. The corporations lobbying both sides against any kind of privacy regulation are the ones who have constructed the mirage that the entire party opposite of you will undo any attempt you make to improve things.
by globie
5/19/2025 at 5:24:05 PM
It is, as a parent post said, a result of the currently dominant party. I would say Citizens United has had far-reaching influences.by adamc
5/19/2025 at 5:09:13 PM
The other party had the house senate and presidency for 2 yrs, made little progress, kept no promises. I don't think partisan politics really relevant hereby engineer_22
5/19/2025 at 5:23:05 PM
During those two years, that party passed some form of universal healthcare (ACA) and banking reform meant to stop the next financial meltdown (Dodd-Frank). Those were the two major promises they made. https://en.wikipedia.org/wiki/111th_United_States_Congressby lern_too_spel
5/19/2025 at 5:27:34 PM
This is just whataboutism and frankly unnecessary defensiveness. There were not partisan commentary made. The literal advertised platform of the dominant party is anti regulation so why did you feel the need to go all reactionary to it?by ikiris
5/19/2025 at 8:59:21 PM
>The sale of this data should be treated as PII and "transfers of ownership" should not be implied.Completely agree. The usual social media esque "it's a free service so you are the product" arguments don't apply here, people paid 23andme for genetic testing.
The good news is:
>"Regeneron pledged to comply with 23andMe’s privacy policy, which allows customers to have their personal information deleted upon request."
There needs to me a massive campaign to convince every single customer to file a data deletion request.
by DebtDeflation
5/19/2025 at 9:07:50 PM
Completely agree. The usual social media esque "it's a free service so you are the product" arguments don't apply here, people paid 23andme for genetic testing.This is important: don't assume that because you're paying for a service that your personal data isn't still being mined. It doesn't matter if you fairly, over or under pay for a service. There's nothing illegal or uncommon about that.
by dfxm12