I think that depends on when you used their service. In the last 5 years, then yes, probably very naive. 23andMe was founded at a different point in time, where things looked more optimistic, funding was a different game and we worried less about companies misusing our personal information.
It might not be a huge disaster, but to me the issue is that the company can't make any real promises about how they might profit from the DNA of it's customers in the future. It's not a problem unique to 23andMe, I will never sign up to another social network, because of Facebooks behavior. I'll never sign up to another service such as Gmail, Outlook, YouTube or Reddit, because I've seen what those companies did and how they behaved I can no longer trust any online service. The trust that existed in the early 2000s is gone, the idea that if we didn't like something we could just leave and delete everything is gone. I don't envy someone trying to bootstrap a new service, the previous generation of companies have poisoned the well.
It might not be a huge disaster, but to me the issue is that the company can't make any real promises about how they might profit from the DNA of it's customers in the future. It's not a problem unique to 23andMe, I will never sign up to another social network, because of Facebooks behavior. I'll never sign up to another service such as Gmail, Outlook, YouTube or Reddit, because I've seen what those companies did and how they behaved I can no longer trust any online service. The trust that existed in the early 2000s is gone, the idea that if we didn't like something we could just leave and delete everything is gone. I don't envy someone trying to bootstrap a new service, the previous generation of companies have poisoned the well.