Summary
The genetic testing company 23andMe went bankrupt because it could not find a successful way to make money. The company is now being sold to a non-profit started by one of its co-founders, which is postponing the handling of concerns about data privacy.
Key Facts
- 23andMe is a company that offers genetic testing, which helps people learn about their ancestry and health.
- The company went bankrupt as it failed to create a successful business strategy.
- 23andMe is being sold to a non-profit organization.
- One of 23andMe’s co-founders started this non-profit.
- The sale delays dealing with issues related to the privacy of customers' DNA data.