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Finshots Daily
The downfall of 23andMe?
Feb 6, 2024
Explore the downfall of 23andMe, a once high-valued health tech company, due to their inconsistent business model and flawed health predictions. Discuss the risks of false positives in genetic testing, data security concerns, and challenges of becoming a drug maker. Uncertainty surrounds the company's future.
08:14
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Quick takeaways
- The lack of accuracy and reliability in 23andMe's ancestry testing and genetic predictions raises doubts about the trustworthiness of the algorithm and its potential negative impact on customers' well-being.
- The cybersecurity risks associated with storing vast amounts of DNA data by 23andMe, including the potential creation of targeted biological weapons, highlights the serious impact of cybersecurity issues on the company's reputation and customer trust.
Deep dives
Flaws in ancestry testing and genetic predictions
One of the main problems with 23andMe's business model was the potential flaws in ancestry testing and genetic predictions. An example provided in the podcast mentioned how the DNA results for identical twins from 23andMe showed discrepancies in their ancestry percentages, with one twin having different heritage and ethnicities listed than the other. This indicated a lack of accuracy and reliability in the testing process. Moreover, genetic predictions for health problems were also found to be problematic, with a high risk of false positives. These issues raised doubts about the trustworthiness of the algorithm and the potential negative impact on customers' well-being.
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