As of Friday 3/28/25, the firm’s shares were worth less than a dollar.
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Genetic testing service 23andMe said on March 23 that it filed for Chapter 11 bankruptcy protection — an effort to keep the company running while reorganizing its debts.
In 2023, a breach occurred, compromising the profiles and genetic data of millions of users.
Just months after commencing trading on the Nasdaq in June 2021, the company reached a valuation of up to 5.8 billion dollars. However, by the year’s end, it had seen its value nearly halved. In 2023, a breach occurred, compromising the profiles and genetic data of millions of users.
Read more here and see graphics at what used to be a good thing CNN
Michigan AG Nessel Urges 23andMe Users to Consider Deleting Accounts Amid Bankruptcy
“23andMe collects and stores some of the most sensitive personal information, our genetic code,” Nessel said. “With the company now in bankruptcy, customers should be aware of the potential risks and consider deleting their accounts to protect their data.”
Read more about it here and how to delete your DNA file and data.
Stolen, misused, sold, given to the government, whatever. Regrets will be many for doing it when they had the feeling it wasn’t a wise thing to do.
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