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Anne Wojcicki quits as 23andMe files for Chapter 11 bankruptcy

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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.

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