People bought into the idea and bought the kits.
But eventually demand faded and so did 23andMe’s profits.
Its value had dropped to about $50 million last week.
Late last year, it said it would lay off 40% of its workforce.
Now the possibility of a sale supervised by a bankruptcy court has data privacy experts worried.
But for the company’s customers, it’s some of their most private and personal information.
He added that “data privacy will be an important consideration in any potential transaction.”
“People didn’t take [the breach] that seriously,” Rose said.
Worries about data security
The thought of unknown ownership has many consumers justifiably nervous, Rose said.
FTC Chairman Andrew Ferguson on Mondayissued a letter to the U.S. ## Time to delete?
That’s what Darren Williams, founder and CEO of cybersecurity company BlackFog, chose to do.
He also made sure his family members did the same.
But he also hopes people will be more cautious with their personal information.
“And they need to be mindful of that.”
