Deleted
Posts: 0
Aug 18, 2025 20:15:16 GMT
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Post by Deleted on Aug 6, 2020 5:59:38 GMT
"Blackstone Group Inc (BX.N) said on Wednesday it agreed to acquire genealogy provider Ancestry.com Inc from private equity rivals for $4.7 billion, including debt, placing a big bet on family-tree chasing as well as personalized medicine.
Ancestry.com is the world’s largest provider of DNA services, allowing customers to trace their genealogy and identify genetic health risks with tests sent to their home.....
The deal is Blackstone’s first acquisition out of Blackstone Capital Partners VIII, the largest-ever private equity fund that raised $26 billion from investors last year.
Ancestry.com has more than 3 million paying customers in about 30 countries, and earns more than $1 billion in annual revenue. Launched in 1996 as a family history website, it harnessed advances in DNA testing and mobile phone apps in the following two decades to expand its offerings.
Blackstone is buying Ancestry.com from private equity firms Silver Lake, Spectrum Equity and Permira. Singapore’s sovereign wealth fund GIC, another Ancestry.com investor, said it will continue to maintain a significant minority stake in the company. "
Nothing like having your DNA in the hands of private equity that can combine that data w/other data from healthcare companies, drug companies, or any other companies they have or can buy a controlling interest in.
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Post by busy on Aug 6, 2020 6:10:28 GMT
One more reason why I won't ever be taking one of those DNA tests.
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Post by femalebusiness on Aug 6, 2020 6:10:51 GMT
That's exactly why I have always believed it is foolish to submit your DNA unless you have an extremely good reason to do that and have thoroughly thought through the possible consequences. Anyone with half a brain could see that eventually it would be used against you. So glad that I never did that.
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Dallie
Full Member
 
Posts: 490
Feb 25, 2020 16:33:25 GMT
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Post by Dallie on Aug 6, 2020 10:44:15 GMT
And that is why we said long ago we would never do the DNA test and discouraged everyone from doing so. You had to know a private entity was going to buy that data. Had to!
Blackstone wants your DNA for their own purposes, which are NOT in your best interests.
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Post by hop2 on Aug 6, 2020 11:21:58 GMT
One more reason why I won't ever be taking one of those DNA tests. The one Ex gave me last year is still sitting unwrapped on my tv shelf. Both my kids looked at him sideways because I have always said I’ll never take one of those. Not because of conspiracy theories or anything but because if I ever want to buy long term care insurance because the insurance is void if you lie but they won’t tell you that it’s void until you try to collect after paying for however long. If you take a dna health screening and lie about what is in it they’ll take your money & not pay. If you divulge what you found out they’ll deny the claim or jack up the premium Nope, no thx
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Deleted
Posts: 0
Aug 18, 2025 20:15:16 GMT
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Post by Deleted on Feb 1, 2021 16:58:05 GMT
60 Minutes: The U.S. Military recently issued a warning to all service members instructing them not to use direct-to-consumer genealogy tests, like those offered by Ancestry, 23andMe and other companies, because the DNA data collected could be exposed or exploited. "For example, just this past week, 23andMe was reported to be in talks to go public, with a valuation of $4 billion. It's a common refrain in the world of biotech: data is the new oil -- and it's all types of health data that might come from your smart-watch, your social media, your credit card. UC-Davis professor of law Lisa Ikemoto specializes in bioethics, and is studying how the new market for DNA and health data is taking shape. Jon Wertheim: It seems like a bit of a bait and switch. We pay 100 bucks, whatever it is, for our ancestry reports. And then they actually wanna turn around and sell our genetic data. Lisa Ikemoto: That's what's being hidden. That you're allowing your personal information to be used by others. And that information's being transferred to third parties. And it's being for uses that you never imagined. " www.cbsnews.com/news/dna-genealogy-privacy-60-minutes-2021-01-31/
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iowgirl
Pearl Clutcher
Posts: 4,539
Jun 25, 2014 22:52:46 GMT
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Post by iowgirl on Feb 1, 2021 17:17:53 GMT
One more reason why I won't ever be taking one of those DNA tests. I won't either. But a family member has, so it was beyond my ability to stop it.
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Post by mollycoddle on Feb 1, 2021 17:26:08 GMT
One more reason why I won't ever be taking one of those DNA tests. I won't either. But a family member has, so it was beyond my ability to stop it. My question is, if a close relative has used Ancestry to get DNA results, how does that impact other family members?
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Post by revirdsuba99 on Feb 1, 2021 17:49:06 GMT
One more reason why I won't ever be taking one of those DNA tests. I won't either. But a family member has, so it was beyond my ability to stop it. If your DNA is not in the data base there will be no connection. On second thought, I wonder if an immediate relative, like mother/father or sibling, there could be a connection on paper if you are getting a background type check where 'they' look into everything including immediate relatives?!?
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Post by fkawitchypea on Feb 1, 2021 17:59:35 GMT
Glad I didn't jump on that bandwagon
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Post by Jessica on Feb 1, 2021 18:04:22 GMT
Eek.
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iowgirl
Pearl Clutcher
Posts: 4,539
Jun 25, 2014 22:52:46 GMT
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Post by iowgirl on Feb 1, 2021 18:05:48 GMT
If your DNA is not in the data base there will be no connection. On second thought, I wonder if an immediate relative, like mother/father or sibling, there could be a connection on paper if you are getting a background type check where 'they' look into everything including immediate relatives?!? My question is, if a close relative has used Ancestry to get DNA results, how does that impact other family members? It is incredibly easy to trace back to siblings,cousins,etc. Type someone's name in a Google search and it is really easy to have relatives names come up with that search. And this is just a plain old free search - throw in the searches that people can pay services for - and they can quite easily attach you to your siblings DNA sample.
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Deleted
Posts: 0
Aug 18, 2025 20:15:16 GMT
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Post by Deleted on Feb 1, 2021 18:10:55 GMT
and they can quite easily attach you to your siblings DNA sample. They can attach you to your siblings' DNA sample, but w/o your individual sample, they still don't have your specific genome.
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Post by mollycoddle on Feb 1, 2021 18:22:13 GMT
If your DNA is not in the data base there will be no connection. On second thought, I wonder if an immediate relative, like mother/father or sibling, there could be a connection on paper if you are getting a background type check where 'they' look into everything including immediate relatives?!? My question is, if a close relative has used Ancestry to get DNA results, how does that impact other family members? It is incredibly easy to trace back to siblings,cousins,etc. Type someone's name in a Google search and it is really easy to have relatives names come up with that search. And this is just a plain old free search - throw in the searches that people can pay services for - and they can quite easily attach you to your siblings DNA sample. Oh, that sounds bad. I suppose by extension, if there is a genetic predisposition to a disease, relatives could be tagged as *maybe* to that.  I didn’t even think about use by law enforcement. That is just creepy.
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Post by malibou on Feb 1, 2021 18:33:18 GMT
Mil did a DNA test. It took very little time for one of Dh offspring, from sperm donation back in college, to find him.
It hasn't been a problem, but we were surprised at how quickly the link was made.
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Post by elaine on Feb 1, 2021 18:42:04 GMT
It is incredibly easy to trace back to siblings,cousins,etc. Type someone's name in a Google search and it is really easy to have relatives names come up with that search. And this is just a plain old free search - throw in the searches that people can pay services for - and they can quite easily attach you to your siblings DNA sample. Oh, that sounds bad. I suppose by extension, if there is a genetic predisposition to a disease, relatives could be tagged as *maybe* to that. I didn’t even think about use by law enforcement. That is just creepy. There was recently (within the past 2 years) a highly publicized case where a cold murder case (I want to say from the 1970s) was finally solved when a relative of the perpetrator took a DNA test. Her DNA matched the DNA they had from the evidence collected that they were able to pinpoint and convict a male relative who never took a DNA test. IMO, that is an example of a positive that can come from DNA testing.
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peabay
Prolific Pea
 
Posts: 9,975
Jun 25, 2014 19:50:41 GMT
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Post by peabay on Feb 1, 2021 18:45:04 GMT
Oh, that sounds bad. I suppose by extension, if there is a genetic predisposition to a disease, relatives could be tagged as *maybe* to that. I didn’t even think about use by law enforcement. That is just creepy. There was recently (within the past 2 years) a highly publicized case where a cold murder case (I want to say from the 1970s) was finally solved when a relative of the perpetrator took a DNA test. Her DNA matched the DNA they had from the evidence collected that they were able to pinpoint and convict a male relative who never took a DNA test. IMO, that is an example of a positive that can come from DNA testing. The Golden State Killer was found that way.
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Rhondito
Pearl Clutcher
MississipPea
Posts: 4,950
Jun 25, 2014 19:33:19 GMT
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Post by Rhondito on Feb 1, 2021 18:52:11 GMT
I have a related question - if you've had genetic testing through your doctor, can all these companies get access to that too? I'm screwed either way, I did an Ancestry test a couple of years ago, but when I was diagnosed with breast cancer last year my doctor did thorough genetic testing to see if I had markers for any type of cancer. (I didn't.) I'm so naive - I never thought any of this would affect my ability to get long-term care insurance. Now that I've had cancer, I'm sure I won't be able to.
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inkedup
Pearl Clutcher
Posts: 4,837
Jun 26, 2014 5:00:26 GMT
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Post by inkedup on Feb 1, 2021 18:54:25 GMT
Mil did a DNA test. It took very little time for one of Dh offspring, from sperm donation back in college, to find him. It hasn't been a problem, but we were surprised at how quickly the link was made. Woah. That sounds like an unintended consequence. I presume that most men who donate do so without expecting/wanting to meet any of their offspring. Was contact from offspring a possibility you twi had considered? I doubt this technology was even available at the time your husband was a donor. Feel free to tell me to MYOB and I'm sorry if my questions are intrusive.
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Post by jennifercw on Feb 1, 2021 18:55:33 GMT
That's exactly why I have always believed it is foolish to submit your DNA unless you have an extremely good reason to do that and have thoroughly thought through the possible consequences. Anyone with half a brain could see that eventually it would be used against you. So glad that I never did that. Well, guess I only have half a brain.
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Rhondito
Pearl Clutcher
MississipPea
Posts: 4,950
Jun 25, 2014 19:33:19 GMT
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Post by Rhondito on Feb 1, 2021 18:59:22 GMT
That's exactly why I have always believed it is foolish to submit your DNA unless you have an extremely good reason to do that and have thoroughly thought through the possible consequences. Anyone with half a brain could see that eventually it would be used against you. So glad that I never did that. Well, guess I only have half a brain. Same, so don't feel like the Lone Ranger. My brain just doesn't work that way. I only wanted to find out my background.
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Post by mollycoddle on Feb 1, 2021 19:12:24 GMT
Oh, that sounds bad. I suppose by extension, if there is a genetic predisposition to a disease, relatives could be tagged as *maybe* to that. I didn’t even think about use by law enforcement. That is just creepy. There was recently (within the past 2 years) a highly publicized case where a cold murder case (I want to say from the 1970s) was finally solved when a relative of the perpetrator took a DNA test. Her DNA matched the DNA they had from the evidence collected that they were able to pinpoint and convict a male relative who never took a DNA test. IMO, that is an example of a positive that can come from DNA testing. So could be a mixed bag then. Oh wait-was it the Golden State killer? I had forgotten all about that.
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Post by originalvanillabean on Feb 1, 2021 19:13:14 GMT
Did anyone see 60 minutes last night? They talked about how these genealogy sites are much more than your background.
I’m so glad I have never done this.
I have not read any responses yet.
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Post by malibou on Feb 1, 2021 19:14:38 GMT
Mil did a DNA test. It took very little time for one of Dh offspring, from sperm donation back in college, to find him. It hasn't been a problem, but we were surprised at how quickly the link was made. Woah. That sounds like an unintended consequence. I presume that most men who donate do so without expecting/wanting to meet any of their offspring. Was contact from offspring a possibility you twi had considered? I doubt this technology was even available at the time your husband was a donor. Feel free to tell me to MYOB and I'm sorry if my questions are intrusive. We were really shocked when the email showed up as we couldn't imagine who had done a test. We were doubly shocked when it turned out to be his 87 year old stodgy British mother. At the time he was donating, he was told his info would NEVER be disclosed. 35+ years later, and things have changed. 😉 As the internet was taking off, it dawned on us that there would come a time. It looks like the place he used was one of the last ones in CA to have the names of donors and their donor number breached. Once that happened, we thought he might get found. But nothing happened. Then his mom took that test about 2 years ago. It is a girl that contacted him with a very nice email. She was curious about some medical stuff mostly. Dh and I talked and he responded. She told him she never bothered to look for half siblings, so doesn't know if there are others. We kind of get the feeling that she has always felt like she doesn't fit in with her family. She is quite and introspective much like dh. She favours my bil children in looks more so than my own son. Ds20 does not know about her. We haven't decided what to do on that. She does know about him. She and Dh exchange an email or two about every 6 months. When Dh was engaging in sperm donation, they asked him to come back at regular intervals, because he was "popular on paper" 😁 At the time he was leaving they told him they estimated between 12 and 32 offspring would come from him.
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Post by elaine on Feb 1, 2021 19:15:40 GMT
I have a related question - if you've had genetic testing through your doctor, can all these companies get access to that too? I'm screwed either way, I did an Ancestry test a couple of years ago, but when I was diagnosed with breast cancer last year my doctor did thorough genetic testing to see if I had markers for any type of cancer. (I didn't.) I'm so naive - I never thought any of this would affect my ability to get long-term care insurance. Now that I've had cancer, I'm sure I won't be able to. Since you have already had a diagnosed case of cancer, your DNA profile won’t be what stops you from getting long-term care insurance. ☹️ Your cancer is in your medical record and will follow you for the rest of your life. Which is why it is so important that the federal government continues to keep in place protections for people with pre-existing conditions in terms of health insurance. How are you doing, btw?
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Post by mollycoddle on Feb 1, 2021 19:15:59 GMT
And that is why we said long ago we would never do the DNA test and discouraged everyone from doing so. You had to know a private entity was going to buy that data. Had to! Blackstone wants your DNA for their own purposes, which are NOT in your best interests. I have wanted to get my DNA results, but have hesitated, not because I have anything to hide. I am uncomfortable with so much data being out there on the web. But that is possibly paranoia on my part. Who knows?
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~Susan~
Pearl Clutcher
You need to check your boobs, mine tried to kill me!!!
Posts: 3,259
Jul 6, 2014 17:25:32 GMT
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Post by ~Susan~ on Feb 1, 2021 19:17:38 GMT
Well, guess I only have half a brain. Same, so don't feel like the Lone Ranger. My brain just doesn't work that way. I only wanted to find out my background.
I guess I only have half a brain also, but I am so glad that I did it. I recently found out some info that may have a huge impact on my health.
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Post by withapea on Feb 1, 2021 19:19:42 GMT
I never did any of the DNA tests because I have an issue paying a company so they could profit off of my DNA.
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peabay
Prolific Pea
 
Posts: 9,975
Jun 25, 2014 19:50:41 GMT
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Post by peabay on Feb 1, 2021 19:23:35 GMT
Well, guess I only have half a brain. Same, so don't feel like the Lone Ranger. My brain just doesn't work that way. I only wanted to find out my background.
Same. I have so many other things to worry about in my life. This is like 75th on my list.
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Rhondito
Pearl Clutcher
MississipPea
Posts: 4,950
Jun 25, 2014 19:33:19 GMT
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Post by Rhondito on Feb 1, 2021 19:29:18 GMT
I have a related question - if you've had genetic testing through your doctor, can all these companies get access to that too? I'm screwed either way, I did an Ancestry test a couple of years ago, but when I was diagnosed with breast cancer last year my doctor did thorough genetic testing to see if I had markers for any type of cancer. (I didn't.) I'm so naive - I never thought any of this would affect my ability to get long-term care insurance. Now that I've had cancer, I'm sure I won't be able to. Since you have already had a diagnosed case of cancer, your DNA profile won’t be what stops you from getting long-term care insurance. ☹️ Your cancer is in your medical record and will follow you for the rest of your life. Which is why it is so important that the federal government continues to keep in place protections for people with pre-existing conditions in terms of health insurance. How are you doing, btw? Really good! Tumor markers were clear at my last checkup so I'm very thankful. I think I go back sometime this month for my 6 mo. checkup. Thanks for asking. How are you after your surgery?
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