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by menacingly 3361 days ago
I obviously don't understand the specifics, but if they are later owned by someone else, is that new someone considered a third party?

For instance, doesn't this mean that a hypothetical future 23andMe drowning in debit could be acquired by a company who could use the data for all sorts of terrible things without ever technically selling it to a third party?

3 comments

Aren't they already selling your data to third parties? [0]

0. http://gizmodo.com/of-course-23andmes-business-plan-has-been...

This is what happened during the RadioShack bankruptcy iirc.

Instead of putting customer data up for sale they essentially just split off the portion of the company that held the data and put that up to be acquired.

I'm pretty sure that is exactly how it will work, laws be damned.