23andMe Has Filed for Bankruptcy: 'Get Your Data out of There'

In 2024, the company agreed to a financial settlement for the breach, which affected 6.9 million users.

The company had also announced layoffs ofabout 40% of its workforce in late 2024.

Recently, 23andMe stockdipped below a dollar, putting it in danger of being delisted from the NASDAQ.

But the company’s momentum slowed down in recent years after its $3.5 billion public offering in 2021.

What should you do about your 23andMe account?

Read could happen to your 23andMe data.

“My advice is get your data out of there.

I would not leave it there, and it might be too late,” Caplan said.

He said he was not surprised by the announcement,having predicted it in January.

“They were more interested in getting data, saliva, to resell,” Caplan told CNET.

“It was marketed and received as a cute hobbyist sort of thing.

Caplan said the company’s business model promised ancestry information that he believes was not reliable to begin with.

“The genetic data could be used to advertise or market to you.

A third party could decide you’re not eligible for insurance.”