Anne Wojcicki quits as 23andMe files for Chapter 11 bankruptcy

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Tue, March 25, 2025

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Anne Wojcicki quits as 23andMe files for Chapter 11 bankruptcy

^{Published on 2025-03-24 13:40:51 - Insider}

The DNA testing company faced major hurdles in the past year, including a data breach and a failed take-private attempt by CEO Anne Wojcicki.

Anne Wojcicki, the co-founder and CEO of 23andMe, has resigned from her position as the company files for Chapter 11 bankruptcy. The genetic testing firm, known for providing ancestry and health-related genetic reports, has been struggling with financial difficulties exacerbated by a significant data breach in 2023, which compromised the data of nearly 7 million users. This breach not only led to a loss of customer trust but also resulted in numerous lawsuits and regulatory scrutiny. The filing for bankruptcy aims to restructure the company's debts and potentially find a buyer or new investment to keep the business operational. Despite stepping down, Wojcicki will remain on the board of directors, indicating her continued involvement in the company's future direction.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/companies/anne-wojcicki-quits-as-23andme-files-for-chapter-11-bankruptcy/ar-AA1BxQ3p ]

N@N

Anne Wojcicki quits as 23andMe files for Chapter 11 bankruptcy