23andMe Files for Bankruptcy Following Financial Turmoil and Data Privacy Concerns

The genetic testing pioneer seeks a buyer to stabilize operations while assuring customers of data protection, as calls to delete genetic data grow louder.

23andMe officially filed for bankruptcy on March 24, 2025, in Missouri, citing ongoing financial struggles and is actively seeking a buyer.
The company continues operations and has assured customers that there are no changes to its data storage or protection practices during the bankruptcy process.
Anne Wojcicki, co-founder and former CEO, resigned but remains on the board; her recent buyout offer was rejected prior to the bankruptcy filing.
A 2023 data breach affecting 6.9 million accounts and a $30 million settlement from the incident significantly contributed to the company's financial decline.
Privacy advocates and California's Attorney General have urged 23andMe customers to consider deleting their genetic data due to concerns over potential misuse by future owners.