{"id":265356,"date":"2025-03-24T07:12:25","date_gmt":"2025-03-24T07:12:25","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/24\/23andme-files-for-bankruptcy-protection\/"},"modified":"2025-03-24T07:12:25","modified_gmt":"2025-03-24T07:12:25","slug":"23andme-files-for-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/24\/23andme-files-for-bankruptcy-protection\/","title":{"rendered":"23andMe files for bankruptcy protection"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/b2ce\/live\/c88ca8f0-0876-11f0-ae03-eb54c26d2690.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"23andMe files for bankruptcy protection\" title=\"23andMe files for bankruptcy protection\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">Popular DNA testing firm 23andMe has filed for bankruptcy protection, and announced that its co-founder and CEO, Anne Wojcicki, has resigned with immediate effect.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">The company will now attempt to sell itself under the supervision of a court. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">23andMe <!-- --><a target=\"_blank\" href=\"https:\/\/investors.23andme.com\/news-releases\/news-release-details\/23andme-initiates-voluntary-chapter-11-process-maximize\" class=\"sc-c9299ecf-0 beIoQm\" rel=\"noopener\">said in a press release<!-- --><\/a> that it plans to continue operating throughout the sale process and that there &#8220;are no changes to the way the company stores, manages, or protects customer data.&#8221; <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">On Friday, the Attorney General in 23andMe&#8217;s home state of California issued a consumer alert advising customers to delete their data from the site given the company&#8217;s &#8220;reported financial distress.&#8221;<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">23andMe&#8217;s saliva-based test kits were once celebrated among customers and investors, who helped to push the company&#8217;s value as high as $6bn (\u00a34.6bn).<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">But it has been <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/c4gm08nlxr3o\" class=\"sc-c9299ecf-0 beIoQm\" rel=\"noopener\">struggling for survival<!-- --><\/a> in recent months.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">In September, the firm settled a lawsuit alleging that it failed to protect the privacy of nearly seven million customers whose personal information was exposed in a 2023 data breach. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">Two months later, it <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/cp9z7m2nljyo\" class=\"sc-c9299ecf-0 beIoQm\" rel=\"noopener\">cut 200 employees<!-- --><\/a>, amounting to 40% of its workforce. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">23andMe said its finance chief, Joe Selsavage, will take over as interim chief executive. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fezwLZ\">Ms Wojcicki will continue to serve as a member of the board, it added.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c9q4r9xy9wro\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular DNA testing firm 23andMe has filed for bankruptcy protection, and announced that its co-founder and CEO, Anne Wojcicki, has resigned with immediate effect. The company will now attempt to sell itself under the supervision of a court. 23andMe said in a press release that it plans to continue operating throughout the sale process and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":265357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/b2ce\/live\/c88ca8f0-0876-11f0-ae03-eb54c26d2690.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[33949,10161,563,7829],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/265356"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=265356"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/265356\/revisions"}],"predecessor-version":[{"id":265358,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/265356\/revisions\/265358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/265357"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=265356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=265356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=265356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}