23andMe Bankruptcy Raises Privacy Concerns

Genetic testing company 23andMe has filed for Chapter 11 bankruptcy and plans to sell its assets, including the genetic data of over 15 million customers. This move has raised significant privacy concerns, especially after a 2023 data breach exposed the information of 6.9 million users. California Attorney General and other officials are advising users to delete their data to protect their privacy. The company is actively seeking bidders and has secured $35 million in financing to maintain operations during the bankruptcy process. Anne Wojcicki, the co-founder of 23andMe, has stepped down as CEO and may attempt to reacquire the company after her initial acquisition offer was rejected. Once valued at $6 billion, the company's market capitalization has fallen to under $50 million.