Laura Cordes

Yeah, the railroad company gets to survive instead of getting ripped apart and sold for scrap. Some of the company's employees get to keep their jobs. And some of the customers will continue to get a valuable service, which is, you know, to ride the railroads of America. And the creditors, they will get made as close to whole as possible.

And in this compromise, everyone basically has to accept some losses because, as we said, the company is often more valuable intact than in pieces. And if that means that some contracts are not honored or some pool of investors don't get paid back, Well, that is just the cost of not going out of business.

And in this compromise, everyone basically has to accept some losses because, as we said, the company is often more valuable intact than in pieces. And if that means that some contracts are not honored or some pool of investors don't get paid back, Well, that is just the cost of not going out of business.

And in this compromise, everyone basically has to accept some losses because, as we said, the company is often more valuable intact than in pieces. And if that means that some contracts are not honored or some pool of investors don't get paid back, Well, that is just the cost of not going out of business.

But what 23andMe customers do have is a contract with the company. They have this privacy agreement where they were promised certain protections. So one of the big questions here is how will those privacy protections fare in the, you know, thunderdome of the bankruptcy process?

But what 23andMe customers do have is a contract with the company. They have this privacy agreement where they were promised certain protections. So one of the big questions here is how will those privacy protections fare in the, you know, thunderdome of the bankruptcy process?

But what 23andMe customers do have is a contract with the company. They have this privacy agreement where they were promised certain protections. So one of the big questions here is how will those privacy protections fare in the, you know, thunderdome of the bankruptcy process?

Laura says there's one particularly important case from back in the year 2000 when consumer data privacy and the bankruptcy system collided. A case that sort of set the foundation for the rules around these data sales. Is it toy smart or toy smart?

Laura says there's one particularly important case from back in the year 2000 when consumer data privacy and the bankruptcy system collided. A case that sort of set the foundation for the rules around these data sales. Is it toy smart or toy smart?

Laura says there's one particularly important case from back in the year 2000 when consumer data privacy and the bankruptcy system collided. A case that sort of set the foundation for the rules around these data sales. Is it toy smart or toy smart?

But that announcement raised two big problems. First, ToySmart's terms of service had expressly promised its customers that their data would not be sold to any third parties. And second, ToySmart's customer lists contain details about, you know, some of the kids who got toys there.

But that announcement raised two big problems. First, ToySmart's terms of service had expressly promised its customers that their data would not be sold to any third parties. And second, ToySmart's customer lists contain details about, you know, some of the kids who got toys there.

But that announcement raised two big problems. First, ToySmart's terms of service had expressly promised its customers that their data would not be sold to any third parties. And second, ToySmart's customer lists contain details about, you know, some of the kids who got toys there.

Eventually, though, the FTC and ToySmart came to a settlement, a set of conditions under which the company would be allowed to sell its customer data.

Eventually, though, the FTC and ToySmart came to a settlement, a set of conditions under which the company would be allowed to sell its customer data.

Eventually, though, the FTC and ToySmart came to a settlement, a set of conditions under which the company would be allowed to sell its customer data.

So they came up with this new trade-off to let ToySmart sell its customer data But with a few guardrails, a few conditions. Condition number one.

So they came up with this new trade-off to let ToySmart sell its customer data But with a few guardrails, a few conditions. Condition number one.

So they came up with this new trade-off to let ToySmart sell its customer data But with a few guardrails, a few conditions. Condition number one.

In striking this deal, the ToySmart case kind of set a precedent. It had already been a norm in bankruptcy that contracts with vendors or employees or creditors could be, you know, renegotiated. ToySmart established that in the interest of maximizing value, consumer data privacy was also something that could be on the negotiating table.