23andMe Files for Bankruptcy, Loses CEO: What That Means for You and Your Data

23andMe, the company whose mail-in self-testing kits became synonymous with DNA testing, is filing for bankruptcy amid slowing sales four years after it went public. Anne Wojcicki, who co-founded the company in 2006, is stepping down as CEO as the company tries to find a buyer.

In January, the company said it was exploring options for a sale amid slowing demand for its product and the fallout of a major data breach in 2023. In 2024, the company agreed to a financial settlement for the breach, which affected 6.9 million users. The company had also announced layoffs of about 40 percent of its workforce in late 2024. Recently, the company's stock dipped below a dollar, putting it in danger of being delisted from the NASDAQ. 

In a note to customers, the company said nothing is ...