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Karen Telleen-Lawton: Selling Your Personal Data

Housing and Development Newsletter “They own health care companies. They own insurance companies. They own retail companies,” explains Michael Roberts, Wharton finance professor. “So they can identify spending behavior, health care expenses, actual health outcomes for individuals.” Blackstone sees big dollar signs in genetic data, having paid $4.7 billion for Ancestry. The same month Blackstone acquired Ancestry.com, l revealed a U.S. Securities and Exchange Commission (SEC) filing showing Blackstone would begin to “package and sell data” from the companies it acquires as a fresh revenue stream.  A Blackstone spokesperson pledges Ancestry’s data won’t be accessible to Blackstone, its stakeholders, or other companies owned by them.

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