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Founder of 23andMe buys back company out of bankruptcy auction
(arstechnica.com)
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this post was submitted on 16 Jun 2025
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You make a good point that the shareholder/business owner class is more likely to have better safety nets. So from that standpoint, if the absolute value of their loss is greater, it could have a much less significant impact on their lives.
I think you may be underestimating the amount of small businesses though, at least in the US.