Re:23andMe lays off 100 people as DNA test sales decline
by k__ on Thursday January 23, 2020 @07:42PM
(#22134150)
How come people usually only go to driving school once and these schools still make a living?
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Re:23andMe lays off 100 people as DNA test sales decline
by yesplorer on Friday January 24, 2020 @09:49AM
(#22138721)
Simple: they're not venture-backed so no one is expecting billions from them.
23andMe could be a longer-term sustainable business but taking $700m from investors means you must keep growing even if there's no really opportunity for growth.
Re:23andMe lays off 100 people as DNA test sales decline
by Ancalagon on Thursday January 23, 2020 @07:45PM
(#22134172)
driving schools likely have far more customers, a constant influx of customers based on age, and driving (in the US at least) is a necessity, and thus supplies the market. I'm also just spit-balling here: the cost of a tech company's upkeep is FAR MORE than that of a driving school's