23andMe, the genetic testing company, has filed for Chapter 11 bankruptcy, raising serious concerns about the sensitive user data it holds. After struggling to monetize its once-popular DNA kits, the company is now more vulnerable than ever following CEO Anne Wojcicki's resignation. With data privacy at risk, California's attorney general urges residents to delete their data from the platform. A recent hack exposed the personal data of millions, and ongoing layoffs have severely weakened the company's structure, increasing the probability of a data disaster as the shares plummet in value.
If you gave your data to 23andMe, you also gave the genetic information of your relatives, complicating the matter of individual data privacy further.
Now, its cofounder and CEO Anne Wojcicki - a die-hard for the company, who has made several takeover bids - has resigned, leaving behind a shell of its former self.
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