3 weeks ago
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The BBC is reporting that popular DNA testing firm 23andMe has filed for bankruptcy protection.
It has also announced that its co-founder and chief executive, Anne Wojcicki, has resigned with immediate effect.
The company will now attempt to sell itself under the supervision of a court.
23andMe said in a press release that it plans to continue operating throughout the sale process and that there are no changes to the way the company stores, manages, or protects customer data.
On Friday, the Attorney General in 23andMe’s home state of California issued a consumer alert advising customers to delete their data from the site given the company’s reported financial distress.
23andMe’s saliva-based test kits were once celebrated among customers and investors, who helped to push the company’s value as high as US$6 billion.
But it has been struggling for survival. Founded in 2006, the company went public in 2021 but has never turned a profit.
English (US) ·