Founder of 23andMe buys back company out of bankruptcy auction
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A little searching finds only one company that really fits the bill. Costco has a market cap of $433B and had a reported $14.8B cash on hand as of May 11. That's an interesting possibility that I wouldn't have guessed. Costco is less evil than most big corporations, so that's a little hopeful if I got it right.
Oracle comes close with a market cap of $583B. That's indeed over $400B, but that would make the description a bit weird. In any case, Oracle makes more sense from a business angle. Unfortunately, they are near the top of the evil scale.
Calling it here, Costco is going to use the genetic information to create the perfect hot dog.
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Calling it here, Costco is going to use the genetic information to create the perfect hot dog.
Costco already creates the perfect hotdog.
I say they should invest in bringing back the Polish dog. That was fucking delicious.
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Ah dang you did point it out. They even just copied the top comment there, unless they are ColdWetDog.
At least they quoted it.
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Ok so I think I'm the first person in the comments to actually click to read the article, cause I'm gonna say something I'm not seeing.
How did you get it to auto snap to the article comment section?
Didnt realize you could share that and it wouldn't default to the article.Some webpages have a bad habit of automatically appending tags to the URL, or outright changing it, as you scroll down.
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Calling it here, Costco is going to use the genetic information to create the perfect hot dog.
Soylent dogs
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All your DNA just got bought.
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I bet there's far more cases of homeless and suicide due to a lost job than due to a shareholder losing value in one company's stock.
put it into actual numbers, not just playing on emotions
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So glad I never did this one.
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Calling it here, Costco is going to use the genetic information to create the perfect hot dog.
Membership is going to be linked to your DNA, the register will prick your finger to make sure you're valid.
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Membership is going to be linked to your DNA, the register will prick your finger to make sure you're valid.
It’s almost certainly Oracle but there’s a slight possibility this is correct
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It's not a great business model if you think about it. Customers pay a small fee once then never again.
When did selling a product instead of a subscription become a bad business model?
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Calling it here, Costco is going to use the genetic information to create the perfect hot dog.
If it costs $1.51 I'm gonna flip shit.
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put it into actual numbers, not just playing on emotions
What does, "I bet..." mean to you? You're welcome to find some numbers if you know how to evaluate P values, it was an expression but hell, name the price of the bet. Lol
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All your DNA just got bought.
Bought back by the one person who already had prior access, and bought by her own research non-profit. As far as privacy concerns go, that's the best case scenario.
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When did selling a product instead of a subscription become a bad business model?
When quarterly profits must always be green compared to the previous quarter.
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When did selling a product instead of a subscription become a bad business model?
Selling a product is a good business model if the product has a shelf life or naturally degrades over time, but served you so well that you'll replace it in kind or with an upgrade.
A product that does something exactly once and done doesn't scale long term, so once the hype was over, that was that.
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When did selling a product instead of a subscription become a bad business model?
When it's an inexpensive product that nobody ever has a reason to buy twice yet remains an ongoing cost for the company? (They keep the data available for review and continue to update it with useful information as knowledge of genetic traits and lineages grows). That's not a way to build an ongoing cash flow to cover expenses. Especially when all the people inclined to be interested have already purchased.
