23andMe has filed for Chapter 11 bankruptcy protection, aiming to sell itself amid significant operational challenges. Following a data breach in 2023 that affected numerous users, the company has faced rejected acquisition offers and declining market value. CEO Anne Wojcicki stepped down, appointing CFO Joe Selsavage as interim CEO during this restructuring phase. The decline in demand for DNA testing and concerns over data security compounded the company's financial woes. California's Attorney General has urged customers to request deletion of their data, emphasizing consumer rights under state privacy laws.
Given 23andMe's reported financial distress, I remind Californians to consider requesting that a company delete their genetic data.
23andMe, which provides DNA analysis for ancestry and health traits, has filed for Chapter 11 bankruptcy protection due to significant challenges.
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