Mon, 24 Mar 2025

Mon, 24 Mar 2025 DNA testing site 23andMe files for bankruptcy protection

The company said that it will now attempt to sell itself under the supervision of a court.

* 23andMe, a DNA testing company, has filed for bankruptcy protection and its CEO Anne Wojcicki has resigned.
* The company will attempt to sell itself under court supervision while continuing operations.
* Despite financial struggles, 23andMe claims it will protect customer data as usual.
* However, the UK's data watchdog ICO is investigating a 2023 data breach and plans to fine 23andMe £4.59m.
* The Attorney General in California has advised customers to delete their data from the site due to the company's financial distress.
* Founded in 2006, 23andMe has never turned a profit and has struggled with various issues including data breaches and failed business models.
* Joe Selsavage will take over as interim CEO while Wojcicki remains on the board.
* The company's future is uncertain, leaving customers concerned about their DNA data.
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