23andMe has filed for bankruptcy protection as its CEO has resigned amid financial instability and rising concerns over genetic data privacy
DNA-testing company 23andMe has filed for bankruptcy, which means the future of the company’s vast trove of customer data is unknown. Here's what that means for your genetic data.
The once-popular genetic testing company has filed for bankruptcy after years of bad news, reigniting concerns about removing personal data from the company.
23andMe's bankruptcy raises concerns about the future of its vast genetic database. If sold, customers' DNA data might end up with a company they didn’t originally consent to.
“Our foundation was the trust and respect of our customers, and they were always the guiding light on how we made decisions,” the company's former CEO said after years of eroding public trust.
DNA testing firm 23andMe filed for Chapter 11 bankruptcy amid ongoing financial struggles. CEO Anne Wojcicki resigned immediately to pursue an independent bid for the company, with CFO Joe Selsavage assuming a major leadership role.
The company plans to sell itself through a court-supervised sale process.
23andMe files for Chapter 11 bankruptcy in the US to sell its assets, with CEO Anne Wojcicki leaving to pursue an independent bid following a strategic alternatives review.
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