DNA testing company 23andMe has filed for bankruptcy protection and announced the immediate resignation of its co-founder and CEO, Anne Wojcicki.
The company plans to continue operating during the sale process while facing a potential £4.59 million fine from the UK’s data protection watchdog (ICO) over a 2023 data breach.
Despite assurances that customer data remains secure, the Attorney General of California has advised users to delete their data due to financial distress.
Once valued at $6 billion, the company has struggled with profitability and failed to sustain customer engagement.
Interim CEO Joe Selsavage will lead the company through its uncertain future.
Good riddance. DNA data is forever and is patentable.
She is the ex of joogle founder sergei brin.
Operated for 20 years with no profit. Files for bankruptcy when USAID funding ends. An intelligence operation to gather genetic data no doubt.
Sounds like she’d be better off at 24andMe