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
Most corporations are not going to look out for your privacy. And we now have a federal government intent on using your data for bad purposes. Frank Figliuzzi / @frankfigliuzzi : 23andMe is declaring bankruptcy. This could expose customer's DNA to even more vulnerabilities. The CA AG (and I) urge you to delete your data and request destruction of your sample: oag.ca.gov/news/press-r... Augie Ray / @augieray : If you used 23andMe, think about deleting your data. The Attorney General of California is urging users do this due to the company's bankruptcy. Your health and genetic data is the company's biggest asset, unless you avail yourself of the right to delete that data. — oag.ca.gov/news/press-r... @sunnieskye : For some reason, the “DANGER” flags just went up. — The data this company holds should be sold to someone who isn't interested in eugenics. — That puts some in our government and anyone who's now tearing it apart out of the equation. Timothy Caulfield / @caulfieldtim : 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 : 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 belongs to them forever. @andyrogers : 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. — oag.ca.gov/news/press-r... … @cookiebkr : 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. Mal S / @mals : 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. Genie Lauren / @moreandagain.social : 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... Andrew Guthrie Ferguson / @profferguson : 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... X: Anne Wojcicki / @annewoj23 : 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 resigned as CEO of the company so I can be in the best position to pursue the company as an independent bidder. Christina Warren / @film_girl : With 23andMe filing for bankruptcy — reach out to your family members who might have ordered these kits to get them to request deletion of their data. And if you signed-up yourself, you should absolutely do the same! Jason Koebler / @jason_koebler : 23andMe as a functioning company was a privacy disaster. 23andMe as a bankrupt, for sale company is a fucking nightmare https://www.404media.co/... Ron Wyden / @ronwyden : This is one of the biggest threats to Americans' personal data in decades. If you're a 23andMe customer, I strongly urge you to delete your data to protect it from whoever the new buyer might be. Here's how: https://oag.ca.gov/... Jane Manchun Wong / @wongmjane : Goodbye 23andMe ✌️ thanks for helping me learn about my heritage and genetic traits [image] Katie Roof / @katie_roof : The irony of deleting my 23andMe data when I'm on my way to meet up with a long lost relative I connected with via its services. They are a big deal in the M&A world and we had already crossed paths, was funny to find out we're related! Will Manidis / @willmanidis : how many foreign adversaries will bid on the genomes of millions of americans? [image] Dustin Curtis / @dcurtis : 23andMe has filed for bankruptcy. Good riddance. The company constantly ignored obvious, huge opportunities for improving the health and understanding of humanity with genetic testing, and instead spent years executing poorly on insignificant, mundane junk. Fast and complete Nait Jones / @naithanjones : Heard a rumor that a dating app might buy this, to help with their build of a gene matching product Rob Bonta / @agrobbonta : 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] Jacob Silverman / @silvermanjacob : Millions of people's genetic data will be part of a bankruptcy auction. Christina Farr / @chrissyfarr : 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. Scott Budman / @scottbudman : 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.” Colin Charles / @bytebot : 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. Balaji / @balajis : @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 grit. Kian Sadeghi / @kiansadeghi5 : 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] @hhackenbecker : 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/... @23andme : 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, LinkedIn: Troy Batterberry : An extinction event. — After reaching a valuation of nearly $6B in 2021, a security event exposing customer data in 2023 eventually led to 23andMe filing for bankruptcy today. … Forums: r/ABoringDystopia : DNA of 15 Million People for Sale in 23andMe Bankruptcy r/albania : DNA of 15 Million People for Sale in 23andMe Bankruptcy r/LinusTechTips : Linus called it: DNA of 15 Million People for Sale in 23andMe Bankruptcy r/conspiracy : Delete your DNA from 23andMe right now r/PuertoRico : “DNA of 15 Million People for Sale in 23andMe Bankruptcy"Como se sienten después de saber si son 1% taíno? r/nottheonion : DNA of 15 Million People for Sale in 23andMe Bankruptcy r/Jewish : DNA testing firm 23andMe files for bankruptcy as demand dries up r/Israel : DNA testing firm 23andMe files for bankruptcy as demand dries up r/technology : DNA of 15 Million People for Sale in 23andMe Bankruptcy r/france : DNA of 15 Million People for Sale in 23andMe Bankruptcy r/USNEWS : Delete your DNA data from genetics company 23andMe right now r/technology : 23andMe files for bankruptcy as CEO steps down | Once valued at $6 billion, executives have yet to find a bidder for the $50 million gene testing company that has never turned a profit. r/biotech : DNA testing firm 23andMe files for bankruptcy to sell itself; CEO leaves after failed bids r/technews : 23andMe files for bankruptcy as CEO steps down | Once valued at $6 billion, executives have yet to find a bidder for the $50 million gene testing company that has never turned a profit. r/LinusTechTips : DNA testing firm 23andMe files for bankruptcy to sell itself; CEO leaves after failed bids r/news : 23andMe files for bankruptcy protection r/MEstock : Anne steps down as CEO and 23andMe files bankruptcy