Genetic Testing Firm 23andMe Declares Bankruptcy

The Associated Press reports:

23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs.

Anne Wojcicki, who co-founded 23andMe nearly two decades ago, is also stepping down as CEO effective immediately, the company said — but will remain on the 23andMe board.

Beyond battles to go private, the company has struggled to find a profitable business model since going public in 2021. And privacy concerns related to customers’ genetic information have also emerged, notably spanning from a 2023 data breach.

Read the full article. As was reported here earlier today, California AG Rob Bonta noted the company’s financial crisis and urged consumers to request that their genetic data be deleted in accordance with

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