23andMe files for bankruptcy to “maximize the value of its business”, and co-founder and CEO Anne Wojcicki steps down; 23andMe was valued at $3.5B in June 2021

The Silicon Valley-based firm will continue marketing itself to investors with the goal of getting at least …

Bloomberg 2025-03-24

Discussion

@caulfieldtim Timothy Caulfield on bluesky
The end of the genohype era? A scienceploitation casualty? — Bunch going on, including: — Consumers realized info not that helpful or predictive — Growing concern about privacy — DNA testing site 23andMe files for bankruptcy protection bbc.com/news/article...
@corystory @corystory on bluesky
23&Me is going under, all genetic data they have is going to be sold to highest bidder. That could be Elon or literally anyone. You have time to download the data you want and delete your genetic information before that data is sold off. — Once sold your genetic information b…
@andyrogers @andyrogers on bluesky
A head's up if you have accounts w 23andme. They are filing for bankruptcy and going up for sale. — Issue is your data could be acquired by a company that does not have privacy rules and regulations. — The government of California has instrux to access/delete your info. — …
@mals Mal S on bluesky
The biggest asset is all that personal data and genome data that will be sold and used for heaven knows what purpose. I expect a bad outcome.
@cookiebkr @cookiebkr on bluesky
So the executives took the money and ran away. — They have our private data. Who are they selling it to now? — Fools they were so concerned about the Fed government having data, how about these guys are selling your DNA to the highest bidder.
@moreandagain.social Genie Lauren on bluesky
So, I've deleted my 23andMe account. — If you have one, you should probably delete it too since the company appears to be on the verge of going belly up and there's no way to know what happens with your data once they do. — oag.ca.gov/news/press-r...
@profferguson Andrew Guthrie Ferguson on bluesky
Your DNA is for sale. — This is the danger of all personal data. As a commodity, it is always at risk of being sold. oag.ca.gov/news/press-r...
@annewoj23 Anne Wojcicki on x
The 23andMe Special Committee released news today indicating their plan to take the company through the Chapter 11 process. While I am disappointed that we have come to this conclusion and my bid was rejected, I am supportive of the company and I intend to be a bidder. I have
@silvermanjacob Jacob Silverman on x
Millions of people's genetic data will be part of a bankruptcy auction.
@chrissyfarr Christina Farr on x
This is the best move for 23andMe. I could see it being positioned very well in a few different areas, including in the longevity space, especially if there's assets to be acquired here. With a fresh start and totally different capitalization, there's real opportunity to build.
@kiansadeghi5 Kian Sadeghi on x
Thank you to all the journalists who have reached about comment on @23andMe. Blockbuster has collapsed. It's time for Netflix to rise. The number one greatest detail that is currently being missed from this story is the chart below. When 23andMe launched in 2006, it cost [image]
@balajis Balaji on x
@annewoj23 Anne, you are a pioneer in personal genomics and 23andMe achieved many firsts over the last two decades. Regardless of the outcome here (and I wish you the best), when the history of the space is written you will have pride of place. I respect your accomplishments and …
@scottbudman Scott Budman on x
If you're worried about your data on 23andMe: Here's how to delete your DNA data on the site: 1. Sign in, go to “Settings.” 2. Go to “Delete Your Data.” You can download a copy of your data first. 3. Confirm DOB, and click “confirm.”
@bytebot Colin Charles on x
As a longtime customer of 23andMe, they've had so many ups and downs, and I think Anne built a great company. I hope this bid, is something she wins, and rejigs the company.
@hhackenbecker @hhackenbecker on x
Anyone here who has used the ‘23andMe’ DNA analysis service, you need to log in *now* and delete your data, before the company declares bankruptcy and an unknown outfit ends up with their genetic records database. https://oag.ca.gov/...
@agrobbonta Rob Bonta on x
Californians: Understand your right to delete your genetic information from DNA testing sites Given 23andMe's reported financial distress, Californians should be aware of their right to delete their genetic data or revoke permission for its use. [image]
@23andme @23andme on x
We believe in the strength of what we've built and believe today's announcement will enable 23andMe to emerge a more financially stable organization. We remain open for business, and there are no changes to the way we store, manage or protect customer data. For more details,
r/MEstock r on reddit
Anne steps down as CEO and 23andMe files bankruptcy
r/LinusTechTips r on reddit
DNA testing firm 23andMe files for bankruptcy to sell itself; CEO leaves after failed bids
r/news r on reddit
23andMe files for bankruptcy protection

Chronicles

23andMe files for bankruptcy to “maximize the value of its business”, and co-founder and CEO Anne Wojcicki steps down; 23andMe was valued at $3.5B in June 2021

Related Coverage

Discussion