23andMe Has Filed for Bankruptcy
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Georgia's AG advises residents to delete 23andMe accounts over data concerns following the company's bankruptcy filing, as genetic data could be sold.
Good Morning America” anchor Whit Johnson revealed that his 23andMe test was a “missing link” that led to a “bombshell” discovery for his family after the company filed for bankruptcy — sparking concerns about the personal data of its millions of customers.
Me has filed for Chapter 11 bankruptcy protection and its co-founder and CEO Anne Wojcicki has resigned as the company continues its push to cut costs.
He added they also expect it to help 23andMe’s efforts to cut costs as well as resolve legal and leasehold liabilities. 23andMe is looking to pull back from its real estate footprint.
The company said it will look to sell “substantially all of its assets” through a court-approved reorganization plan.
Would you trust a company with your most personal data — your DNA — if it was on the brink of collapse? Millions of 23andMe customers are now facing that unsettling reality as the genetic testing company faces an uncertain future.
In a March 31, 2025 letter, the Chair of the FTC, Andrew Ferguson, wrote to the Acting U.S. Bankruptcy Trustee and set out the FTC’s expectations
Genetic testing company 23andMe's bankruptcy has led to a new consumer privacy issue: what happens to the DNA of millions of Americans when it goes on sale?
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