23andMe has filed for bankruptcy, says customer data is safe
‘Barron’s Roundtable’ panelists discuss the latest headlines around 23andMe and share top stock picks. Genetic testing company 23andMe filed for Chapter 11 bankruptcy protection to help the $50 million company sell itself, the company announced Sunday. 23andMe's saliva-based kits have been helping customers learn about their ancestry since 2006, and the company said it will continue operating while the bankruptcy court facilitates the sale process.News of the move raised concerns about how the personal data of millions of 23andMe customers will be handled. California Attorney General Rob Bonta issued a "consumer alert" regarding the "trove of sensitive consumer data 23andMe has amassed," reminding Californians that they have the right to direct the company to delete their genetic ...