23andMe Files for Bankruptcy: User Data’s Uncertain Future
Facing financial difficulties and a £4.59 million fine from the UK’s ICO for a 2023 data breach, 23andMe has filed for bankruptcy protection. Co-founder and CEO Anne Wojcicki has resigned, with the company now seeking a buyer under court supervision. While 23andMe assures customers that data remains secure, the California Attorney General advises users to delete their information. The company, once valued at $6 billion, has struggled to maintain profitability since its 2021 IPO and ultimately failed to successfully pivot its business model.
John Q. Hosedrinker