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A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B
Posted on 8/7/20 at 12:26 pm
Posted on 8/7/20 at 12:26 pm
And you thought they just wanted to tell you who your great great great granddaddy was.
Gotta love that last qualifier, however
quote:
The genealogy company Ancestry has been acquired by investment firm Blackstone for $4.7 billion, changing ownership of the company and its trove of user-submitted DNA from a set of investment firms to another private equity firm.
quote:
“To be crystal clear, Blackstone will not have access to user data and we are deeply committed to ensuring strong consumer privacy protections at the company,” a spokesperson for Blackstone told Motherboard in an email. “We will not be sharing user DNA and family tree records with our portfolio companies.”
Gotta love that last qualifier, howeverquote:LINK
“Ultimately there's no specific protections for that data. So you kind of just have to rely on the companies to say they’ll do what they're going to do and honor their promises and not sell off your data to the highest bidder if they go bankrupt or what have you,” King said.
13
Posted on 8/7/20 at 12:28 pm to blueboy
What exactly are you afraid of?
A Logan's run type of scenario?
A Logan's run type of scenario?
Posted on 8/7/20 at 12:28 pm to blueboy
It blows me away that people actually send their DNA off to some random corporation and think that information is going to be used as advertised
Posted on 8/7/20 at 12:28 pm to blueboy
Posted on 8/7/20 at 12:28 pm to blueboy
Posted on 8/7/20 at 12:29 pm to blueboy
Bring on West World.
Posted on 8/7/20 at 12:29 pm to upgrayedd
quote:
It blows me away that people actually send their DNA off to some random corporation and think that information is going to be used as advertised
Not only did they send it off, they paid the company to take their DNA
Posted on 8/7/20 at 12:33 pm to blueboy
This guys hates DNA companies.
Posted on 8/7/20 at 12:33 pm to blueboy
Posted on 8/7/20 at 12:34 pm to blueboy
Can someone please explain how my DNA can be used against me?
Am I at risk of being cancelled because of certain genes?
Am I at risk of being cancelled because of certain genes?
Posted on 8/7/20 at 12:34 pm to Cosmo
quote:
Not only did they send it off, they paid the company to take their DNA
Having a smartphone is worse.
Posted on 8/7/20 at 12:37 pm to PrivatePublic
quote:
Can someone please explain how my DNA can be used against me?
Are you or any of your descendants or any of your future descendants that you don’t even know about yet ever going to apply for insurance?
This post was edited on 8/7/20 at 1:05 pm
Posted on 8/7/20 at 12:39 pm to MMauler
quote:
Will you or any of your descendants or any of your future descendants that you don’t even know about yet ever going to apply for insurance?
Oh because insurance can discriminate for pre-existing conditions?
Posted on 8/7/20 at 12:39 pm to PrivatePublic
quote:the biggest, non-criminal thing is probably insurability
Can someone please explain how my DNA can be used against me?
Posted on 8/7/20 at 12:40 pm to Cosmo
quote:
Not only did they send it off, they paid the company to take their DNA
Posted on 8/7/20 at 12:41 pm to PrivatePublic
quote:
Oh because insurance can discriminate for pre-existing conditions?
Go try to get a life policy with a cancer diagnosis.
Better yet, go try to get insurance with a positive test for genetic markers for cancer.
Posted on 8/7/20 at 12:42 pm to blueboy
frick. Going to get cloned.
Posted on 8/7/20 at 12:42 pm to PrivatePublic
Step 1: Obtain and replicate individual’s DNA.
Step 2: Place replication of said individual’s DNA at scene of crime.
Step 3: ?????
Step 4: Profit
I know it’s a bit bizarre, but look at what the state of the world is right now and tell me this doesn’t concern you.
Step 2: Place replication of said individual’s DNA at scene of crime.
Step 3: ?????
Step 4: Profit
I know it’s a bit bizarre, but look at what the state of the world is right now and tell me this doesn’t concern you.
Posted on 8/7/20 at 12:43 pm to PrivatePublic
quote:
Am I at risk of being cancelled because of certain genes?
Designer disease is the future of eugenics.
Posted on 8/7/20 at 12:44 pm to blueboy
My wife just sent off her Ancestry DNA kit.
Guess she is getting cloned.
Not sure if good or bad
Guess she is getting cloned.
Not sure if good or bad
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