DNA testing company 23AndMe has filed for Chapter 11 BankruptcyAfter a few turbulent years, including massive layoffs and Extensive data breaches. It plans to find buyers throughout the process and continue operations, with company CEO Anne Wojcicki resigning from bidding for an independent bidding company. The board’s special committee previously rejected Wojcicki’s proposal.
“We expect the court oversight process to facilitate efforts to operate and financial challenges we face, including further costs and legal and lease liabilities. We believe in the value of the people and the value of our assets and the value of our assets, and hope that this process enables our mission to help people access, understand and understand the human genome to benefit customers and patients,” he said. release.
Jensen added that the company is committed to protecting customer data and “be transparent about the management of future user data, and data privacy will be an important consideration in any potential transaction.”
There was a time when 23andme was all the rage and everyone you knew would send their saliva samples. However, since the company went public, the situation has declined. Once valued $6 billionbut this month’s figure is less than $50 million. The same is true for the company More than 200 employees have been fired At the end of last year.
However, the biggest hurdle was in 2023, when hackers visited 6.9 million customers’ information – the violation began in April of that year, but 23andM3 I noticed it five months later,September. company Announced the October leak. A year later, 23andme settled Class action lawsuit $30 millionAfter such claims, the company failed to tell the plaintiffs that they were targeting specifically targeting China or Ashkenaz Jewish heritage.
