this post was submitted on 16 Jun 2025
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Founder of 23andMe buys back company out of bankruptcy auction (arstechnica.com)
submitted 1 day ago by avidamoeba@lemmy.ca to c/technology@lemmy.world
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[–] Knock_Knock_Lemmy_In@lemmy.world 29 points 15 hours ago (1 children)

TTAM later said it had obtained backing from a “Fortune 500 company with a current market capitalization of more than $400 billion and $17 billion of cash on hand.”

That's not at all concerning.

[–] Tinidril@midwest.social 15 points 14 hours ago* (last edited 14 hours ago) (2 children)

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.

[–] musubibreakfast@lemm.ee 17 points 10 hours ago (4 children)

Calling it here, Costco is going to use the genetic information to create the perfect hot dog.

[–] chiliedogg@lemmy.world 2 points 7 hours ago

If it costs $1.51 I'm gonna flip shit.

[–] lka1988@lemmy.dbzer0.com 4 points 9 hours ago

Costco already creates the perfect hotdog.

I say they should invest in bringing back the Polish dog. That was fucking delicious.

[–] ouRKaoS@lemmy.today 2 points 8 hours ago (1 children)

Membership is going to be linked to your DNA, the register will prick your finger to make sure you're valid.

[–] insomniac@sh.itjust.works 2 points 8 hours ago

It’s almost certainly Oracle but there’s a slight possibility this is correct

[–] surewhynotlem@lemmy.world 0 points 9 hours ago

Soylent dogs

[–] Tinidril@midwest.social 10 points 14 hours ago

Shit, Oracle was down in the low $400B range in May. Apparently being evil pays well in the current administration.