23andMe bankruptcy effect on collected data
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On March 23, 23andMe filed for Chapter 11 bankruptcy protection in federal court, explaining in a statement that it did so to "facilitate a sale process to maximize the value of its business."
From ABC News
Since its founding in 2006, 23andMe ME has racked up more than 15 million customers.
From MarketWatch
we also discuss 23andMe's bankruptcy and the privacy concerns around selling off customer DNA data.
From Engadget
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Genetic testing company 23andme has filed for bankruptcy. CA AG is urging customers to delete their data from the company. Global security information officer with Check Point discusses what to do if you've used this company.
The bankruptcy filing of 23andMe has sparked the potential for a sale that could be used to solve cold cases with the use of genetic testing.
The genetic testing firm won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the
Genetic testing company 23andMe (ME) has won court approval to sell its most valuable asset, customer DNA data, despite growing concerns over
Despite the company filing for bankruptcy, the co-founder won’t give up on her dream of using DNA kits to discover new drugs
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23andMe stated Tuesday it actually experienced delays after a huge influx of customers sought to get their data deleted prior to its sale. Offers for this data will be due on May 7th. A final hearing on the matter will take place in June. The Associated Press contributed to this report.
Rep. Stephanie Bice is sending letters to the Trump administration and 23andme to raise alarm bells about the security risks selling the information poses.
California has some of the strongest privacy laws in the country — and the only dedicated privacy agency — but 23andMe has revealed the limits of legislation when the worst happens, with even the state attorney general admitting he struggled to delete his own data from the company.
The bankruptcy underscores the great risks of investing in many of the companies that have gone public via mergers with special-purpose acquisition corporations.