this post was submitted on 20 May 2025
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Regeneron is to pay $256 million in cash to acquire "substantially all" of 23andMe's assets, including its massive biobank of around 15 million customer genetic samples and data.

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[–] Montreal_Metro@lemmy.ca 2 points 3 days ago

Hahahahahaha

[–] bblkargonaut@lemmy.world 7 points 4 days ago (10 children)

I honestly don't know what they will do with snp data. These investors and VCs have been running scare peace articles for the last two years to drive the company into bankruptcy so that it could be sold and the data harvested. But I honestly think people are really overestimating the value of a dataset showing how different people are from a standard template. It's good for ancestry and correlations but people forget they didn't fully sequence samples. I fully expect the news cycle to change once they figure this out as they try to get people to resubmit DNA for nextgen sequencing, so they can try to salvage their investment.

[–] interdimensionalmeme@lemmy.ml 7 points 4 days ago

The VC and founders should be painlessly deboned.

[–] Zenith@lemm.ee 2 points 4 days ago

I think it’s weird you’ve made the assumption these professionals buying this haven’t already considered the things you’ve said… like that’s all looked at during the acquisition process

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[–] SplashJackson@lemmy.ca 7 points 4 days ago

Lol no regulation needed huh

[–] interdimensionalmeme@lemmy.ml 7 points 5 days ago

AS soon as the data is secured, enprison the buyers

[–] hexinvictus@hexbear.net 5 points 5 days ago (2 children)

Ah yes. Literally giving your fucking DNA to some private company just so they can tell you that your great grandfather is from Ireland. Who could've predicted this going wrong.

Fucking white people doing anything to get an identity.

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[–] NocturnalMorning@lemmy.world 4 points 5 days ago (2 children)

Realistically, what could a company do with the data? I can see how it could be dangerous in the hands of a nation state if someone is a politician. But otherwise, besides the gross privacy violation, im not sure I see what real harm will come of this.

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