Private Equity Buys Our DNA
This will not end well.
Blackstone Group is taking a majority stake in DNA testing business Ancestry.com.
The private-equity giant headed by billionaire Stephen Schwarzman is acquiring 75 percent of the family history research business for $4.7 billion, Bloomberg reports.
The acquisition would be the first for Blackstone’s massive $25 billion private equity fund.
Offsite Linkby Anonymous | reply 45 | August 12, 2020 1:08 PM
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LOL
Given the goldmine of data they have about people who submitted samples, the comically limited legal restrictions on what they can do with it, and the highly profitable uses to which it can be put from insurance coverage to targeted selling, how could anyone be surprised that it would attract private equity firms.
"but, but, their company policies say..." - I laughed every time someone used their self-enforced, without repercussions policies to defend sending samples to them.
by Anonymous | reply 1 | August 5, 2020 5:06 PM
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Next season on "Westworld" ...
by Anonymous | reply 2 | August 5, 2020 5:18 PM
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LOL.
I keep telling people not to do this. this is the worst thing you can do.
Unless you're adopted and need info etc.
by Anonymous | reply 3 | August 5, 2020 5:18 PM
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This can’t happen. It has to be stopped.
by Anonymous | reply 4 | August 5, 2020 5:54 PM
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This is the part of the movie just before everybody dies.
by Anonymous | reply 5 | August 5, 2020 5:56 PM
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Hmm, sending off your most personal blueprint to a private company... how COULD I lose?
by Anonymous | reply 6 | August 5, 2020 5:57 PM
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I admit to being slow on the uptake here. Sending your DNA in the mail so your ancestry can be confirmed... if your ancestry can be confirmed, your DNA can be kept and stored and used to clone a little you. Many of them. Or mix them together and clone a little whtatsit out of your DNA and mine. Bloody Hell...
by Anonymous | reply 7 | August 5, 2020 6:29 PM
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they Own everything. What’s next? There is noting next. DNA is everything.
by Anonymous | reply 8 | August 5, 2020 6:38 PM
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They also own 99% of the media so you’re not going to be reading about this much in the news. Sadly.
by Anonymous | reply 9 | August 5, 2020 6:39 PM
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Pffft! What’s the worst thing that could happen?
by Anonymous | reply 10 | August 5, 2020 6:40 PM
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The next stage of this is that Blackstone persuades (bribes) Republican members of Congress to weaken pre-existing condition clauses just enough that Insurance companies can increase the monthly rates on anyone who has DNA markers for higher risk for diabetes, cancer, obesity, etc. Virtually everyone could have those markers (we are not complete slaves to our genetics, because lifestyle plays a huge role).
by Anonymous | reply 11 | August 5, 2020 6:40 PM
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Aren't the police solving cold cases via Ancestry.com and the other one 21+1 whatever it's called. That's a good thing. The downside awaits us ... I will not be sending my DNA in; in the scenario set out by R11, I will be deemed to be worthy of the highest possible monthly rates as I will be deemed to be in the worst risk category by default of refusing to submit my DNA.
by Anonymous | reply 12 | August 5, 2020 7:07 PM
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They can piece your DNA together from siblings, cousins etc., also who hasn’t had lab work? You think labs are secure?
by Anonymous | reply 13 | August 5, 2020 7:15 PM
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R11 all these things occurred to me AFTER I decided to send of my spit to, not ONLY, Ancestry.com but also to 23andMe.
I have no fucking idea why I did both. I guess, miraculously, one of them would have said I'm of Nordic descent (I'm soooo clearly not!). Grrr really mad at myself for having been so gullible about this entire thing. 😡🤬
by Anonymous | reply 14 | August 5, 2020 7:25 PM
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Not mine. I had tbe sense to oppose this sort of tbing from the beginning.
by Anonymous | reply 15 | August 5, 2020 7:39 PM
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I sent my dog Rupert’s DNA to an animal DNA testing site called wisdom. Will he be safe?
by Anonymous | reply 16 | August 5, 2020 8:36 PM
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And people here kept telling me I was being an alarmist on some ofnthe earlier Ancestry/21Me threads
by Anonymous | reply 18 | August 9, 2020 10:28 PM
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I don't understand why anybody would even want to find out their ancestry. At best it's boring, at worst it's disturbing. Secrets are secrets for a reason, and my family is fucked up enough on the surface for me to know I sure as hell don't want to go digging beneath said surface.
by Anonymous | reply 19 | August 9, 2020 10:34 PM
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R16 did the results claim your dog has cat ancestry in him? If so...HE IN DANGER GURL.
by Anonymous | reply 20 | August 9, 2020 10:35 PM
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Man! We got PLAYED ya'all!!!! This is so scary. This is the beginning of the end for your privacy! They have your DNA!!!
Big Brother is gonna know where we are, where we came from, geotracking our current locations, reading our texts, monitoring our online activity!!!! Science fiction is real life!!!
I GIVE UP!!! TAKE ME NOW!!! LOCK ME UP!!! CANCEL ME!!!
The only difference between us and China, is that it's a private company that is tracking us, instead of the government!!! (Allegedly)
by Anonymous | reply 21 | August 9, 2020 10:35 PM
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You gave your DNA away and now are upset over this?
by Anonymous | reply 22 | August 9, 2020 10:55 PM
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R21 if there were ever a time for justifiable schizophrenia the time is now. “They’re Listening!!!”
by Anonymous | reply 23 | August 9, 2020 11:56 PM
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I thought you were talking about this type of DNA.
Offsite Linkby Anonymous | reply 24 | August 10, 2020 12:12 AM
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Dear old Blackstone, well-practiced in the art of handing over private customer information to unauthorized parties.
[quote]The agents, with the Immigration and Customs Enforcement agency, or ICE, would sometimes circle the names of guests that sounded Latino before targeting them for questioning, detainment and deportation, according to a settlement agreement announced this week by the state’s attorney general, Bob Ferguson.
[quote]Over the period in question, employees at seven motels gave information related to 80,000 guests to the agents, violating the company’s privacy policy, Mr. Ferguson’s office said on Thursday. To resolve a lawsuit the office filed against Motel 6 last year, the chain agreed to pay $12 million, much of it in damages to guests who were affected.
[quote]Motel 6, which is owned by the private equity firm Blackstone Group and has 1,400 locations in North America, also signed a legally binding commitment to stop volunteering guest information absent a warrant anywhere in the United States.
Offsite Linkby Anonymous | reply 25 | August 10, 2020 12:29 AM
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R25 nice connection, good catch
by Anonymous | reply 26 | August 10, 2020 12:45 AM
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These are the LAST people you want having your DNA.
The possibilities are endless.
by Anonymous | reply 27 | August 10, 2020 11:28 AM
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When you know your enemies' DNA, you know which biochemical weapon can kill them most effectively while others stay alive when exposed to the same biochemical weapon.
by Anonymous | reply 28 | August 10, 2020 11:55 AM
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I sent mine in but due to medical testing for an unique medical issue my dna is everywhere anyway.
I wonder if it really matters if you yourself sent in dna? Will you still be affected by family having done so?
by Anonymous | reply 29 | August 10, 2020 12:20 PM
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They’re buying our DNA?
Based on cruising areas alone I should wind up a millionaire!
Hot damn!
by Anonymous | reply 30 | August 10, 2020 12:52 PM
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The government focuses on TikTok, but PE owning DNA should be illegal. This will absolutely lead to nefarious happenings.
by Anonymous | reply 31 | August 10, 2020 3:54 PM
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I knew this would happen. I knew it. I told people that I knew that were considering doing it that soon it would be a commodity and they would be sorry they gave away their genetic info for free, or basically paid them to steal it. Look for the government to do absolutely nothing.
by Anonymous | reply 32 | August 10, 2020 4:23 PM
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[quote]and the other one 21+1 whatever it's called.
I think R12 might be missing a chromosome.
by Anonymous | reply 33 | August 10, 2020 4:34 PM
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If they want mine all they need to do is an anal cavity search on men within a 2 mile radius of my apartment. I’ve been a busy boy.
by Anonymous | reply 34 | August 10, 2020 4:48 PM
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Anybody who though the REAL business model for these DNA testing businesses was the fee charged to the provider of the sample is not too bright. Of course they were collecting DNA in order to sell your personal information, just like google, facebook and all other social media, and all those "free" apps people download on their phone. They are all information collection devices for the purpose of selling your information for profit. That's the business model. You can choose not to participate, unless you already did, in which case it's like things you post online......once you put it out there, you can never take it back and immediately lose control of what's done with it regardless of what anybody promises.
by Anonymous | reply 35 | August 10, 2020 10:34 PM
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This will almost certainly be used at some point to engineer bioweapons (viruses) with a high specificity for certain groups. With such a wide collection of DNA, this will be the perfect repository to work with.
Offsite Linkby Anonymous | reply 36 | August 10, 2020 10:48 PM
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I'm sure in the future when another alt-right administration is elected they'll secretly engineer another AIDS-like disease to kill all homosexuals and release it into the world.
by Anonymous | reply 37 | August 10, 2020 11:25 PM
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Everyone told me I was paranoid when I said this YEARS ago.
Same with all of those stupid "earn points (money) for tracking your healthy lifestyle changes on our website" sent to you by your insurance company.
As. If!
by Anonymous | reply 38 | August 10, 2020 11:44 PM
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Isn't Ancestry. com owned by the Church of Latter Day Saints, also known as Mormons?
by Anonymous | reply 39 | August 10, 2020 11:56 PM
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The Mormon's just made 4 Billion dollars. Looks like their OCD passion for collecting ancestry data for the last 150 years paid off!
by Anonymous | reply 40 | August 11, 2020 12:49 AM
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Oh and you dumb cunts probably use your fingerprints and face to unlock your phones...now they have EVERYTHING!!!
by Anonymous | reply 41 | August 11, 2020 2:45 AM
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R30 then every rest stop Across America would be a literal goldmine! ⛏️💰
by Anonymous | reply 42 | August 12, 2020 2:29 AM
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R29 - YES - I've always warned people about trusting ancenstry.com and the Mormons. It's a religious cult - they only care for other Mormons. Seriously.
23andMe at least was started by a biomedical researcher (although married to the co-creator of Google).
Have none of you read about WHY the Mormons have such detailed ancestry records? It's seriously screwed up - it's to baptize all predecessors into the Mormon faith. They also baptize other groups - like the Jews killed in the Holocaust.
I'm not surprised this eventually happened with them - 23andMe will destroy your samples.
And for the love of God - why the fuck do people sign up and use their REAL NAMES when doing this?
by Anonymous | reply 43 | August 12, 2020 2:46 AM
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Not to even mention Fleet Week, r42!
by Anonymous | reply 44 | August 12, 2020 12:40 PM
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If they are looking for DNA in Barcelona they can always scrape the nacreous layer of permacum off of Erna’s apartment floor.
by Anonymous | reply 45 | August 12, 2020 1:08 PM
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