Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

23andMe Files for Bankruptcy, Sparks Concerns Over Genetic Data Privacy

by thinktank
March 24, 2025
Reading Time: 2 mins read
0
23andMe Confirms Hackers Accessed Data for 6.9 Million Users
Share on FacebookShare on Twitter

23andMe, the once-pioneering genetic testing company known for its saliva-based ancestry kits, has filed for Chapter 11 bankruptcy protection, the company announced Sunday.

The move is intended to facilitate a sale of the $50 million company, which has faced growing financial struggles, including massive layoffs, executive shakeups, and a major data breach that exposed the personal information of nearly 7 million customers in 2023.

While the company said it will continue operations during the bankruptcy process, the announcement raised immediate concerns about how the sensitive genetic data of millions will be handled during a potential sale.

In response, California Attorney General Rob Bonta issued a consumer alert, warning customers of the “trove of sensitive consumer data 23andMe has amassed” and reminding Californians of their right to request deletion of their genetic data and destruction of their test samples.

“There are no changes to the way the company stores, manages, or protects customer data,” 23andMe said in a statement, attempting to reassure customers and investors.

Despite those assurances, the company’s recent history has rattled public trust. Just last month, 23andMe agreed to pay $30 million and offer three years of credit monitoring to settle a lawsuit over the 2023 data breach.

Co-founder and longtime CEO Anne Wojcicki has also stepped down, saying she did so “to be in the best position to pursue the company as an independent bidder.” She will be replaced on an interim basis by CFO Joe Selsavage.

23andMe has secured a $35 million debtor-in-possession financing commitment to maintain operations while seeking a buyer. The company listed its assets and liabilities between $100 million and $500 million.

Once valued at nearly $6 billion, the company’s stock has plummeted—closing at $0.89, down more than 50%.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Trump’s Birthday Parade vs. “No Kings” Protest—Who Really Showed Up?
News

Trump’s Birthday Parade vs. “No Kings” Protest—Who Really Showed Up?

June 16, 2025

Washington, D.C. was the Sunday stage for two clashing narratives: a patriotic Army parade and nationwide “No Kings” protests demanding...

Ukraine Flight Crash
News

Man Pretended to Be a Flight Attendant and Flew Free Over 100 Times—Now He’s Facing 30 Years

June 15, 2025

A South Florida man is facing serious time after finessing his way into over 100 free airline flights by pretending...

Trump Administration Eyes Travel Ban Expansion Targeting Nigeria, Ghana, Ethiopia, and Over 30 Other Countries
News

Trump Administration Eyes Travel Ban Expansion Targeting Nigeria, Ghana, Ethiopia, and Over 30 Other Countries

June 15, 2025

The Trump administration is preparing to widen its controversial travel restrictions, and this time it’s targeting dozens of nations—many of...

Air India Offers $30K Interim Compensation to Crash Victims' Families and Survivor
News

Air India Offers $30K Interim Compensation to Crash Victims’ Families and Survivor

June 15, 2025

Air India has announced interim compensation of about $30,000 for each family of the victims of the Ahmedabad plane crash, and for...

Next Post
“Return of the Mack” Singer Mark Morrison Arrested for Battery

“Return of the Mack” Singer Mark Morrison Arrested After Alleged Altercation With Florida Restaurant Manager

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d