23andMe Files for Bankruptcy Amid Data Privacy Concerns and CEO Departure
23andMe, a prominent DNA testing company, has filed for bankruptcy, marking a significant downturn for the firm amid rising data privacy concerns and the departure of its CEO, Anne Wojcicki. The filing comes after California Attorney General Rob Bonta urged individuals to consider deleting their genetic data from 23andMe's platform, highlighting the risks associated with storing sensitive personal information online.
The company's stock has seen a sharp decline, reflecting investor concerns about its financial health and future viability. The bankruptcy filing also coincides with Wojcicki's exit, adding to the uncertainty surrounding the company's direction. 23andMe's troubles underscore the broader challenges faced by tech companies in managing user data securely and ethically.
The situation has sparked a wider debate on the responsibilities of genetic testing companies to protect consumer data. As 23andMe navigates its financial restructuring, the industry watches closely, with many questioning the future of genetic data management and privacy standards.
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Is 23 and me bankrupt?
March 24 (Reuters) - 23andMe (ME.O) , opens new tab on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey's annual list of favorite things just eight years ago.
How do I delete 23andme data?
Users can request 23andMe delete their genetic data in the “settings” section of their profile under the “23andMe Data” at the bottom of the page. Users can also download a copy of their genetic data for personal storage.
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