The Indicator from Planet Money 23andMe's financial troubles, Paul vs. Tyson and Bitcoin to the moon
17 snips
Nov 15, 2024 Explore Netflix's bold move into live sports and how it aims to reshape its subscription model. Dive into the financial mess of 23andMe, facing issues from data breaches to board resignations. Unpack the thrilling rise of Bitcoin post-election and the psychology driving investor behavior. Discover the parallels between ancient games and modern speculation, revealing how our brains react to the highs and lows of financial risk.
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Data Concerns
- 23andMe's struggles raise concerns about the potential sale of its vast genetic database.
- This highlights the ethical implications and financial incentives surrounding personal data.
23andMe's Decline
- 23andMe, a DNA testing company, saw its valuation plummet after going public in 2021.
- The company faces challenges like declining test orders, data breaches, and internal disputes.
Netflix and Live Sports
- Netflix is venturing into live sports broadcasting, exemplified by an upcoming boxing match between Mike Tyson and Jake Paul.
- This move aims to attract subscribers and advertising revenue through exclusive programming.
