23andMe Files for Bankruptcy Amid CEO Resignation and Data Concerns
Genetic testing company 23andMe has officially filed for Chapter 11 bankruptcy protection, announcing the resignation of CEO Anne Wojcicki following unsuccessful attempts to secure additional funding. As the company navigates its financial struggles, California Attorney General Rob Bonta has issued a consumer alert urging the approximately 15 million users to consider deleting their genetic data amidst concerns regarding the safety of their information. The company aims to maximize stakeholder value through a court-supervised asset sale while facing calls from officials to protect user data.
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