Blackstone now owns ancestry.com

6,733 Views | 36 Replies | Last: 2 yr ago by Ciboag96
Adverse Event
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So many dystopian thoughts spring to mind...

What springs to yours?

Acquisition completed in 2020, but I just realized.

Imagine having access to all types of DNA and the technology to design positive and negative benefits specifically for certain genetic coding....
the_batman26
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What're the repercussions of this?
Madagascar
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They've been partnered with big pharma since 2018. Your genetic info has already been out there for years now anyways.

https://www.gsk.com/en-gb/media/press-releases/gsk-and-23andme-sign-agreement-to-leverage-genetic-insights-for-the-development-of-novel-medicines/
Stat Monitor Repairman
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Insurance companies using this data to discriminate based on genetics.
the_batman26
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What if you use it without any of the DNA features? I haven't ever done the DNA tests and purely keep records.
B-1 83
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Can they tell me what kind of grill my grandad used?
Being in TexAgs jail changes a man……..no, not really
Stat Monitor Repairman
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After 9-11 there was program to catalogue DNA samples of everyone in the military.
Stat Monitor Repairman
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the_batman26 said:

What if you use it without any of the DNA features? I haven't ever done the DNA tests and purely keep records.
From what I've read about the subject there seems to be a way to extrapolate the data. You hear a lot about this issue when they talk about solving cold cases using DNA.
ballchain
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BoydCrowder13
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FYI Blackstone and Blackrock are different companies.
StoneCold99
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Blackstone buying ancestry.com to look for some of that prime aged beef
milner79
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I'm more concerned about Treadstone. /J. Bourne
beanbean
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Blackstone like the flat top griddle company? I love mine.
agz win
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Mormons doing what Mormons do.
Pinochet
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ballchain said:



Also… **** Blackrock and Vanguard.

JFC. How can people keep ****ing this up? You wanted so badly to hate something and didn't even read close enough to realize the OP is about a different company. BlackSTONE is actually a fairly conservative PE fund.
ballchain
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HDeathstar
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They also don't need yours to do evil. All they need is the one curious cousin or two and they can estimate the rest.
Buck Turgidson
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the_batman26 said:

nm
Buck Turgidson
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ballchain said:

Also… **** BlackSTONE, Blackrock, and Vanguard.

How does Vanguard keep getting brought up with these guys? I have a bunch of money with Vanguard - if they have gone woke, I'd like to know. The last I heard, they had rejected the idea of following leftist social credit type ratings for investment decisions in their mutual funds. Is that not correct?
D-Fens
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Would be much more concerned if it was Blackrock
Whoop Delecto
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Pinochet
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ballchain said:

Pinochet said:

ballchain said:



Also… **** Blackrock and Vanguard.

JFC. How can people keep ****ing this up? You wanted so badly to hate something and didn't even read close enough to realize the OP is about a different company. BlackSTONE is actually a fairly conservative PE fund.


Is that like CM-status PE?

No, that's like a PE firm that, internally, rewards objective performance instead of the type of genitalia or skin color and doesn't give a **** about ESG. But go ahead and continue to make a fool of yourself.
SMM48
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Ishares and vanguard are predominantly index funds. They don't create the index, they merely track it/them with their various funds.

MSCI. CRSP. SPGI. BARRA, Russell etc create the index.

ts5641
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Yeah, that's gonna be a no for me dog on submitting my DNA
Stat Monitor Repairman
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Moving right along on this as predicted.
fullback44
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Stat Monitor Repairman said:



Moving right along on this as predicted.
Getting ready for another "plandemic"
Stat Monitor Repairman
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No way this DNA data doesn't end up being crunched by the reinsurance market.

It's illegal to discriminate on a host of factors but discrimination based on DNA will slip through the cracks.

I don't see how it wont.

It may be the case that big pharma and big insurance already using this data and we'll never know. Maybe even big banks. Who knows at this point?

This was inconceivable at one point but we now have the computing power to discriminate and market based on DNA and the general public will be none the wiser.
TRADUCTOR
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Crunched with quantum computing & ai which slice dice categorizing each of us and label our social, credit, health, and political beings. The thought police on steroids will control you.
TraditionsPD
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Watch Rabbit Hole.
Adverse Event
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Yeesh. I'm sure OP is just a worry wart.
What bitcoin’s detractors don’t understand is monetary economics, computer science, software engineering, network protocols, and electrical systems.

It ain't much, but it's honest Proof of Work.
Burnsey
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Stat Monitor Repairman said:

Insurance companies using this data to discriminate based on genetics.


I'm going on a limb and call BS. Tell us specifically in what ways insurance companies are using genetics to discriminate? Don't just say they're doing it (or as you walked your comment back) will do it.

If an insurer learns that a disease is more prevalent in the population as a whole based on genetics, and decides not insure that risk, then that's not discrimination IMO. They've always decided what risks they will insure or won't.
TTUArmy
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I'm kind of at the point where none of this surprises me anymore. Hedge funds buying people's DNA to sell to insurance companies for discriminatory purposes and pharmaceutical companies for "tailor-made vaccines/pandemics". And the contrarians who say, "Come on...that's too crazy...too far...hyperbolic...etc".

Is it?

It's a mad world...
D-Fens
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I'd be much more concerned if blackrock bought them.
Robert L. Peters
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I found a much cheaper way to do it. I have a huge cast iron skillet and use it on my grill. No need to spend $600 for a griddle.
What you say, Paper Champion? I'm gonna beat you like a dog, a dog, you hear me!
Adverse Event
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D-Fens said:

I'd be much more concerned if blackrock bought them.


Are you aware that Blackrock and Blackstone were founded under the umbrella company Blackstone financial group?
What bitcoin’s detractors don’t understand is monetary economics, computer science, software engineering, network protocols, and electrical systems.

It ain't much, but it's honest Proof of Work.
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