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ME
CNBC
147 days

With 23andMe entering bankruptcy, here's how to delete your genetic data

1. 23andMe filed for Chapter 11 bankruptcy protection, seeking a buyer. 2. Over 7 million customers' data was compromised in a recent breach. 3. Customers are advised to consider deleting their genetic data. 4. The company maintains commitment to privacy during the sale process. 5. California's Attorney General encourages residents to delete genetic data.

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FAQ

Why Very Bearish?

The bankruptcy filing indicates severe financial distress and loss of public trust. Historical examples include the decline of companies like Theranos after similar scandals.

How important is it?

With bankruptcy filing, customers may lose confidence, impacting ME's sales significantly.

Why Short Term?

Immediate concerns over data privacy and bankruptcy will impact customer retention and sales. Similar cases have seen quick downturns as customers withdraw.

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