23andMe filed for bankruptcy after testing over 15 million people, with data privacy concerns.

From Yahoo Finance: 2025-03-24 09:09:00

23andMe, a major at-home testing company, filed for bankruptcy on Monday. The company has tested over 15 million people’s genetic makeup, including 250,000 in the UK, and is seeking to sell its assets while ensuring data privacy is a key consideration.

Customers who have used 23andMe in the past may wonder about the fate of their data. The company processes DNA samples to reveal ancestry and disease susceptibility, keeping samples if consented. Profiles include user-submitted health and lifestyle data, with the company’s privacy statement allowing for potential sale of personal information in a bankruptcy or sale process.

Founder Anne Wojcicki has made multiple attempts to buy back the company, but the board has rejected her offers. Pharmaceutical companies may also be interested in acquiring 23andMe due to its revenue from partnerships, like the one with GSK to help develop new drugs.

Customers concerned about data privacy can delete their 23andMe account, with the company assuring that all personal and genetic data will be destroyed. Privacy advocates recommend deleting data amid the company’s financial struggles and uncertain future.

Read more: What data does it hold and can I delete it?