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by tpmx 1685 days ago
They're probably in the news because quarterly results are released in two days. Their core product is facing a retracting market (partially) because of privacy concerns.

Number of genotyped customers:

  FY18A: 2.4M
  FY19A: 3.4M
  FY20A: 2.0M
  FY21A: 1.5M
  FY22Q1: 0.3M
Numbers from https://investors.23andme.com/static-files/8db681b8-4ea3-452... (page 11)
1 comments

How do you know it's because of privacy concerns and not because they've exhausted the market of people who want to know about this kind of info? This is very much a one and done type of product -- in fact, the reason I myself haven't gone ahead and done it is because my parents and grandparents have already gotten it done, and I've looked over their results, so I'm assuming there's very little I could learn about myself from it.
Possibly a combination of privacy concerns and running out of early adopters?

Wojcicki claimed it was the privacy concerns in a WSJ interview from 2019: https://archive.md/E1Zqw

You could learn about a non-paternal event, I suppose.
That’s literally why I did 23andme, and I found out some very interesting things about my family structure.