23andMe Faces Turmoil Amid Data Privacy Concerns
Customers of the genetic testing company are urged to delete their data as the company struggles with financial instability and past data breaches.
- Privacy advocates are advising 23andMe customers to delete their data due to concerns over potential misuse if the company changes ownership.
- The company has faced a significant decline in stock value, with shares dropping 98% since their peak in 2021.
- 23andMe recently settled a $30 million lawsuit following a 2023 data breach that exposed the personal information of nearly 7 million users.
- CEO Anne Wojcicki remains the sole board member after the resignation of seven directors over strategic disagreements.
- The company is under investigation by the UK's Information Commissioner's Office for the data breach and is struggling to maintain a viable business model.