The company Anne Wojcicki co-founded has burned through more than $1 billion and laid off more than half its staff.
23andMe has officially filed for Chapter 11 bankruptcy protection, which means a new company could acquire its genetic database. DNA data is particularly sensitive, and bad actors can use it to carry out numerous crimes.
23andMe filed for Chapter 11 bankruptcy protection and is seeking a new owner. Fox Business looks into what that means for a customer's account and private data.
'CyberGuy' Kurt Knutsson discusses 23andMe filing for bankruptcy protection and DNA privacy concerns on 'The Bottom Line.' #foxbusiness #thebottomline #dna #bankruptcy
The DNA-testing company's site was slow in responding to some deletion requests, leading customers to be uncertain about the process.
A class action lawsuit, resignations, layoffs, and other problems have plagued 23andMe. The DNA testing company's latest headache has seen it filing for bankruptcy as its CEO resigns.
DNA testing firm 23andMe has filed for Chapter 11 bankruptcy protection.
23andMe filed for Chapter 11 bankruptcy protection and CEO Anne Wojcicki resigned. 23andMe faced major hurdles in recent months including a $30 million data breach settlement.
23andMe filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night. Anne Wojcicki has resigned from her role as chief executive effective immediately, though she will remain a member of the board.
Shares of DNA testing giant 23andMe (ME) are set to open around $1 Monday morning after the company filed for Chapter 11 bankruptcy, and announced the resignation of its CEO on Sunday.
DNA and genetic testing firm 23andMe is in turmoil following a 2023 data breach and its ongoing financial decline. The once-pioneering giant now faces an uncertain future as bankruptcy looms over the company, intensifying concerns about what might happen to the genetic data of 23andMe's some 15 million customers.
23andMe filed for Chapter 11 bankruptcy and CEO Anne Wojcicki has stepped down. The DNA testing company faced challenges including a failed privatization attempt and a data breach.