NEW YORK (AP) — 23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan.

Me, as expected for months now, has formally announced the initiation of Chapter 11 bankruptcy proceedings. The move comes after extensive speculation on the company's future, all while many who had taken part in its genetic testing services continue to raise questions about what,

Ancestry and genetics-testing company 23andMe filed for Chapter 11 bankruptcy protection over the weekend This news comes as CEO and co-founder Anne Wojcicki announced her resignation, according ...

Wojcicki said she intends to become an outside bidder to acquire the company’s assets after her earlier efforts to take 23andMe private failed.

The genetic DNA testing firm 23andMe filed for Chapter 11 bankruptcy Sunday, leaving many customers wondering how their data will be protected

23andMe filed for Chapter 11 bankruptcy on Sunday. The company says no changes will be made to how it stores, manages or protects customer data up until the sale of its assets is finalized. 23andMe users can download genetic, registration and web behavior ...

23andMe has filed for Chapter 11 bankruptcy protection to help the genetic testing company facilitate a sale amid years of financial issues. The California-based company has struggled to find a profitable business model since going public in 2021.

The company said it will look to sell “substantially all of its assets” through a court-approved reorganization plan.