23andMe, a prominent consumer genetics company known for its DNA testing services, has filed for Chapter 11 bankruptcy protection. This decision comes amid financial struggles, including a significant decline in stock value and challenges in generating consistent revenue. Co-founder and CEO Anne Wojcicki has resigned but remains on the company’s board.
The bankruptcy raises concerns about the security and future use of the genetic data of over 15 million customers. California’s Attorney General has advised residents to consider requesting the deletion of their data and destruction of genetic samples held by 23andMe. The company asserts that it will continue operations during the bankruptcy process and maintain its commitment to protecting customer data.
For customers wishing to delete their data, 23andMe provides options through their platform. However, some users have reported difficulties in this process and are seeking assurances regarding the protection of their genetic information.