23andMe Files for Bankruptcy, Urges Users to Delete DNA Profiles

Genetics testing company 23andMe has filed for bankruptcy, prompting California Attorney General Rob Bonta to urge its 15 million users to delete their profiles due to fears their DNA data could be sold. The company's stock has plummeted from a high of $320 in 2021 to just 96 cents, and it is now valued at under $50 million after a series of financial setbacks, including a major data breach that exposed the personal information of millions. Co-founder and CEO Anne Wojcicki has resigned and is attempting a takeover bid to salvage the company, which has lost 40% of its staff this year and is seeking potential buyers. Despite assurances about data privacy, concerns remain that sensitive genetic information might end up in the hands of data brokers. 23andMe's financial troubles were exacerbated by declining revenues and a lack of consumer interest in DNA testing services. Users are advised to take action to protect their personal data as the company navigates the bankruptcy process.