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3The leaders of the House Committee on Energy and Commerce said they are investigating how 23andMe’s bankruptcy might affect customers’ data. Representatives Brett Guthrie, Gus Bilirakis, and Gary Palmer (all Republicans) sent a letter Thursday to the genetic testing company’s interim CEO Joe Selsavage asking a number of questions about how 23andMe will handle customer … Read more
A U.S. bankruptcy judge ruled DNA-testing company 23andMe, which filed for bankruptcy Sunday, has the right to sell customers’ medical and ancestry data to potential bidders. Offers will be due on May 7, and a final hearing will be held in June. Once the hottest start-up in Silicon Valley, shares for the San Francisco-based company … Read more
A view of 23andMe headquarters in Sunnyvale, California, United States on March 25, 2025. Tayfun Coskun | Anadolu | Getty Images 23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetics testing company that spiraled into Chapter 11 bankruptcy protection this week. Avey helped launch … Read more
DNA testing service 23andMe filed for bankruptcy protection on March 16, sparking concerns about what could happen to the genetic data of the company’s 15 million customers. 23andMe has said that “data privacy will be an important consideration in any potential transaction.” However, security experts and lawmakers have cautioned customers to take action to protect … Read more
Genetic testing company 23andMe, once a Silicon Valley darling valued at $6 billion, filed for Chapter 11 bankruptcy protection late Sunday as it prepares for a sale of the business. CEO Anne Wojcicki, who cofounded the company in 2006, has also stepped down after months of failed attempts to take the firm private. As uncertainty … Read more
DNA and genetic testing firm 23andMe is in turmoil following a 2023 data breach and its ongoing financial decline. The once-pioneering giant now faces an uncertain future as bankruptcy looms over the company, intensifying concerns about what might happen to the genetic data of 23andMe’s some 15 million customers. Best known for its saliva-based test … Read more
Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection in the U.S. to initiate the sale of its assets. Alongside the announcement, the company’s co-founder and CEO Anne Wojcicki separately said she is leaving the company to become an independent bidder for the company. “After a thorough evaluation of strategic alternatives, we have … Read more
Experts say the CEO’s second attempt to buy back the troubled DNA startup comes with a slew of corporate governance red flags. Read More
Anne Wojcicki attends the WSJ Magazine Style & Tech Dinner in Atherton, California, on March 15, 2023. Kelly Sullivan | Getty Images Entertainment | Getty Images 23andMe CEO Anne Wojcicki and New Mountain Capital have submitted a proposal to take the embattled genetic testing company private, according to a Friday filing with the U.S. Securities … Read more
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