PebHmong Discussion Forum
General Category => General Discussion => Topic started by: theking on March 31, 2025, 12:47:19 AM
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23andMe has filed for Chapter 11 bankruptcy protection as of March 23, 2025, amid ongoing financial struggles and efforts to find a profitable business model since going public in 2021. The company is seeking to facilitate a sale to address its financial issues. This filing comes after a class-action lawsuit settlement related to a data breach affecting 6.9 million users, which the company agreed to pay $30 million for in September 2024. The CEO, Anne Wojcicki, has resigned as part of the company's restructuring efforts.