DNA testing pioneer 23andMe files for bankruptcy as concerns mount over data privacy of 15M customers
1. 23andMe files for Chapter 11 bankruptcy, struggling with weak demand. 2. Company faces concerns over customer genetic data post-bankruptcy. 3. CEO Anne Wojcicki resigns amid ongoing operational challenges. 4. Market cap fell from $6 billion to $50 million post-IPO. 5. Regulatory gaps raise concerns about data privacy protections for consumers.