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Freakonomics Radio

Extra: Why Is 23andMe Going Under? (Update)

Apr 29, 2024
01:02:04
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Anne Wojcicki, C.E.O. of 23andMe, discusses the challenges faced by the company, ethical dilemmas in genetic testing, and the potential misuse of customer data. The podcast explores the healthcare system in the US, the limitations of self-reported data, and the commercial aspects of genetic testing. It also touches on the significance of DNA testing in understanding personal identity and the struggles of monetization for genetic testing companies.
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Quick takeaways

  • Genetic testing can uncover unexpected health risks, influencing lifestyle choices.
  • Collaborative DNA platforms aid law enforcement in solving cold cases.

Deep dives

The Rise and Fall of 23andMe

In 2019, an episode featuring Ann Wojcicki discussed 23andMe's merger with a SPAC company, backed by Richard Branson, valuing it at $6 billion. Subsequent to its popularity surge due to home DNA testing, its valuation plummeted to zero. This led to a bonus episode of Freakonomics Radio replaying the initial conversation with Wojcicki, followed by insights from a Wall Street Journal reporter, Rolf Winkler, on the company's setbacks and potential future.

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