What 23andMe business troubles could mean for millions of users ...

Nov 13, 2024 · 23andMe cuts 40% of its workforce and discontinues therapeutics division. The company agreed in October to pay a $30 million cash settlement in a class-action lawsuit …

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What 23andMe Business Troubles Could Mean For Millions Of Users ...

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Nov 13, 2024 · 23andMe cuts 40% of its workforce and discontinues therapeutics division. The company agreed in October to pay a $30 million cash settlement in a class-action lawsuit …

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23andMe Layoffs, Losses Amid Uncertain Future - NewsNation

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Nov 14, 2024 · 23andMe reported a quarter two loss on Tuesday of $59.1 million compared to a loss of $75.3 million for the same year prior. Trouble set in when, in 2023, hackers were able …

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As 23andMe Struggles, Concerns Surface About Its Genetic Data

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Published Oct. 5, 2024 Updated Oct. 8, 2024. The genetic testing company 23andMe, once valued at $6 billion, is facing an uncertain future after a drop in share prices, a recent board …

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23andMe Class Action Lawsuit: What To Know About $30M Settlement

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Sep 16, 2024 · 23andMe agrees to $30 million settlement over data breach that affected 6.9 million users. Ancestry and genetics-testing company 23andMe has agreed to pay a $30 …

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DNA-testing Site 23andMe To Lay Off 40% Of Its Workers - BBC

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Nov 12, 2024 · João da Silva. Business reporter. 12 November 2024. The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for …

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How 23andMe Went From Being Worth $6 Billion To Nearly $0

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Feb 1, 2024 · Out of the company’s 14 million customers, the hacker was only able to access around 14,000 profiles, but some 6.9 million 23andMe users had their information stolen and …

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FAQs about What 23andMe business troubles could mean for millions of users ... Coupon?

Is 23andMe going out of business?

(Getty Images: Pavlo Gonchar/SOPA Images/LightRocket) Popular genetic testing company 23andMe is facing bankruptcy and may sell the genetic data of its 15 million customers. Users have the option to delete their data, but the company can retain it for three years. Data that's already been sold to researchers may not be able to be deleted. ...

Is 23andMe in trouble?

23andMe is in trouble. Once a hot Silicon Valley startup, the genetic testing company has been in free fall since a major data breach last year that affected roughly half of its customers. The incident led to a class action lawsuit, which the company has agreed to settle for $30 million. ...

Are 23andMe users worried about what will happen to their data?

23andMe users are worried about what might happen to their data. Here's what the company says. Whoever owns 23andMe next might have access millions of users' data. Justin Sullivan/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? ...

Should 23andMe keep customers' data private?

But for nearly two decades, the company had an incentive to keep its customers’ data private: 23andMe is a consumer-facing business, and to sell kits, it also needed to win trust. Whoever buys the company’s data may not operate under the same constraints. ...

How many people were affected by 23andMe's'relatives' breach?

In December, 23andMe revealed the extent of the breach, saying ancestry data of 6.9 million people had been affected, 5.5 million of whom were users who opted into 23andMe's "Relatives" feature, which links people with common DNA. Another 1.4 million users also had their family tree information accessed. ...

Would a sale of 23andMe's data be bad for privacy?

A Sale of 23andMe’s Data Would Be Bad for Privacy. Here’s What Customers Can Do. The CEO of 23andMe has recently said she’d consider selling the genetic genealogy testing company–and with it, the sensitive DNA data that it’s collected, and stored, from many of its 15 million customers. Customers and their relatives are rightly concerned. ...