5 ms·
23andMe Files for Bankruptcy, as CEO Anne Wojcicki Resigns
- mitchbob 2y agohttps://archive.ph/2025.03.24-042729/https://www.wsj.com/business/dna-testing-company-23andme-files-for-bankruptcy-announces-ceo-resignation-82ad1c45 https://archive.ph/2025.03.24-042729/https://www.wsj.com/bus...
- mmastrac 2y agoRemember to delete your data and destroy any held samples before it's sold and too late. https://oag.ca.gov/news/press-releases/attorney-general-bonta-urgently-issues-consumer-alert-23andme-customers https://oag.ca.gov/news/press-releases/attorney-general-bont... It took me a good 30 minutes to complete the process and a few refreshes later I got the deletion email. Make sure you revoke the consent for storing your samples if you haven't already _before_ this process just in case.
- umvi 2y agoMaybe it's just getting hug of death right now, but I can't seem to sign into 23andme at all
- mmastrac 2y agoIt's very slow. I managed to get partway through the process.
- swarnie 2y agoI've seen this advice floating around the more predictable social sites today. What assurances do you get that pushing delete actually deletes your data?
- mmastrac 2y agoNone, but it's better than nothing. There are probably some legal consequences to ignoring these requests, especially in California, but given the current legal climate these days it's a shrug emoji.
- singleshot_ 2y agoOne has to imagine there are some legal consequences to the debtor burning their only asset as they enter protection…
- tcdent 2y agoDid you all seriously expect this company to be evergreen? Your data is now the primary source of their valuation in a sale.
- zombiwoof 2y ago[flagged]
- sct202 2y agoThe value of all that is like $<1 per person based on Wojcicki's last offer to buy out.
- deleted 2y ago[deleted]
- bsimpson 2y agoThere's probably a business case to be written here about total addressable market. The world is a big place, but after all the people willing to pay $50-$100 for some novelty info buy their dossiers, where does new revenue come from to keep the lights on?
- eastbound 2y agoIt’s true the “Give me $100 to tell you things about yourself” segment is already taken by fortune tellers.
- Blackthorn 2y agoNew people turning 18. It's no different than the FL studio model, which has worked admirably well for much longer than this has been a company. The population isn't static.
- 4d4m 2y agoThe FL Studio model is one that should be celebrated and imitated often. Buy-for-life software builds an incredible community around it.
- banqjls 2y ago[flagged]
- tra3 2y agoI remember when they just started. Junped on the bandwagon right away. I assumed that so much data would yield some practical results almost immediately. It’s been what, 10 plus years? I’m kinda sad about this.
- mepian 2y agoYet another notable SPAC flameout?
- abirch 2y agoAre there any recent SPACs (after say 2020) that have actually had a positive cashflow?
- mahmoudimus 2y agoHims is one.
- gowld 2y agoBusinesses of all kinds go bankrupt. Are you drawing a distinction between SPAC and other forms of ownership? Are SPACs more likely to flameout (big money and big (fast?) collapse?)
- gnabgib 2y agoDiscussion (451 points, 15 hours ago, 370 comments) https://news.ycombinator.com/item?id=43457666 https://news.ycombinator.com/item?id=43457666
- hexator 2y agoReminder that you can download your raw DNA data before deleting it
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- artursapek 2y agoStill blows my mind people paid to give these guys their DNA lol
- deleted 2y ago[deleted]
- dgrin91 2y agoI wonder if Wojcicki regrets not throwing in a few extra bucks on her offer for taking it private.
- moralestapia 2y ago23andMe stock was once worth $320 USD, now it sits at 73 cents. It's like a reverse BTC.
- noman-land 2y agoHow much would it cost for a large community of activists to buy this thing and burn it to the ground? I'd contribute.