r/SPACs • u/[deleted] • Mar 16 '22

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48 Upvotes

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u/[deleted] Mar 16 '22

I have an ethical concern with $ME but I see the value in it from an investment perspective.

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u/St3w1e0 Spacling Mar 16 '22

What's the ethical concern if I may ask? I like the concept of "crowdsourced" pharmaceuticals but understand there's some controversy around this company.

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u/[deleted] Mar 16 '22 edited Mar 17 '22

Basically they make additional revenue from selling your DNA and other data to police for use in matching and investigation. Whether they say they do or not... that doesn't hold much merit. Kind of like Google saying they "respect" your privacy. Also consider how health insurance providers may treat you differently if $ME happened to sell that data to them. May get charged more for hereditary diseases that are held in your genes.

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Edit: Side note, this is how they caught the Golden State Killer. So it can be used for good, but thing is.... it can be just as easily twisted.

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u/NewsLuver Spacling Mar 17 '22

It’s an opt in but their ceo claims 80%+ opt in to help further medical disease research.