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

1. 23andMe filed for Chapter 11 bankruptcy protection, selling assets including a genetic database. 2. Customer privacy concerns heightened due to a recent data breach affecting 7 million users. 3. California AG advised users to consider deleting genetic data from 23andMe. 4. The company insists user data management will not change during the sale process. 5. Experts warn of potential identity theft risks if data access falls to bad actors.

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FAQ

Why Very Bearish?

The bankruptcy filing suggests severe operational issues, reducing investor confidence and potentially leading to further price decline.

How important is it?

The bankruptcy and privacy concerns significantly influence perception and valuation of 23andMe's stock, likely causing investors to react strongly.

Why Short Term?

Immediate concerns regarding customer data privacy and company viability will affect market sentiment swiftly.

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