Genetic testing business 23andMe filed for bankruptcy Sunday, amplifying fears from privacy advocates that the DNA records and personal information of its 15 million customers could soon be up for sale to the highest bidder.
23andMe, which was once valued at $6 billion, has been experiencing financial distress and declining profits since going public in 2021.
As part of the bankruptcy process, 23andMe will go through a restructuring and sale. An FAQ posted on the company’s website said it will “seek to find a partner who shares our commitment to customer data privacy and allows our mission of helping people access, understand and benefit from the human genome to live on.”
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As 23andMe declares bankruptcy, privacy advocates sound alarm about DNA data
As 23andMe declares bankruptcy, privacy advocates sound alarm about DNA data
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As 23andMe declares bankruptcy, privacy advocates sound alarm about DNA data
Robert B. Carleton + ISC2 Central Mississippi Secretary