Per 9News.com, the local NBC affiliate in Denver and AP, 23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns. Those assets include your genetic data (for those who have taken the 23 and Me genetic tests to see who you’re related to in this great wide world). 23andMe says its bankruptcy filing won’t change the way it stores or protects data. Jensen, the board chair, said Sunday that 23andMe is “committed to continuing to safeguard customer data” and that data privacy will be “an important consideration” in...

23andMe Holding Co.’s stock tumbled 43% early Monday, after the DNA-testing company filed for Chapter 11 bankruptcy, just months after admitting there was substantial doubt about its ability to continue as a going concern.

The company ME has asked the court for “first-day” relief that will allow it to pay employee wages and benefits, along with vendors and suppliers. The debtors have also requested approval to reject numerous contracts, including real estate leases in Sunnyvale and South San Francisco to reduce operating costs.

23andMe shares dived 43% in premarket trading Monday after disclosing that it initiated voluntary Chapter 11 bankruptcy proceedings in court to facilitate a sale process. Shares were trading around $1.02. The stock is down 80% over the last year. The DNA-testing company said it's seeking a court authorization to sell substantially all of its assets through the bankruptcy proceedings. It intends to use the proceedings to resolve all outstanding legal liabilities stemming from a prior cyberattack. 23andMe earlier in the year signaled such a move was possible. The company in...

Popular DNA testing firm 23andMe has filed for bankruptcy protection, and announced that its co-founder and CEO, Anne Wojcicki, has resigned with immediate effect. The company will now attempt to sell itself under the supervision of a court. 23andMe said in a press release that it plans to continue operating throughout the sale process and that there "are no changes to the way the company stores, manages, or protects customer data." On Friday, the Attorney General in 23andMe's home state of California issued a consumer alert advising customers to delete...

(WJET/WFXP) — 23andMe, the leading genetic and ancestry company, has filed for bankruptcy and will be seeking a sale of the company, which comes a month after the company agreed to a settlement related to a 2023 data breach. Along with its well-known genetic testing service, the company also operates a national online doctor’s office which offers “medical care, pharmacy fulfillment, and laboratory testing services.” The company plans to sell “substantially all of its assets” as part of its Chapter 11 proceedings. The winning bidder would have to fully comply...

(CNN) — Gene testing firm 23andMe said on Sunday it had filed for Chapter 11 bankruptcy protection in order to facilitate its sale, after years of struggling to find a sustainable business model. In a statement announcing the bankruptcy, the firm said its CEO and co-founder, Anne Wojcicki, had resigned effective immediately. “After a thorough evaluation of strategic alternatives, we have determined that a court-supervised sale process is the best path forward to maximize the value of the business,” Mark Jensen, chair and member of the Special Committee of the...

23andMe Holding Co. has initiated bankruptcy proceedings in the US to help facilitate a sale.

The Silicon Valley-based firm commenced Chapter 11 proceedings in the US Bankruptcy Court for the Eastern District of Missouri to “maximize the value of its business,” according to a statement. The company plans to continue operating throughout the sales process, it said.