23andMe Files for Bankruptcy, Loses CEO: 'Get Your Data out of There'

23andMe, the company whose mail-in self-testing kits became synonymous with DNA testing, is filing for bankruptcy amid slowing sales four years after it went public. Anne Wojcicki, who co-founded 23andMe in 2006, is stepping down as CEO as the company tries to find a buyer. In January, 23andMe said it was exploring options for a sale amid slowing demand for its product and the fallout of a major data breach in 2023. In 2024, the company agreed to a financial settlement for the breach, which affected 6.9 million users. The company had also announced layoffs of about 40% of its workforce in late 2024. Recently, the company's stock dipped below a dollar, putting it in danger of being delisted from the NASDAQ. In a note to customers, the company said nothing is currently changing about the way it stores, manages or protects customer data and that the company is still open for business and selling DNA kits. "Through this process, we will seek to find a partner who shares our commitment to ... Read full article.