Timeline: the Rise and Fall of 23andMe

The corporate’s repute took one other hit in September when an SEC submitting stated Wojcicki “can be open to contemplating third-party takeover proposals.”

Wojcicki walked again that consideration in a submitting later that month.

“Primarily based on subsequent developments, it has develop into even clearer to me that the perfect path ahead for the Issuer is for me to take the corporate personal,” she stated.

“Accordingly, with a purpose to replace my prior assertion and keep away from any confusion available in the market, I’m not open to contemplating third-party takeover proposals for the Issuer.”

Nonetheless, Wojcicki’s remarks about promoting the corporate to a third-party issuer raised client issues about what might occur to their information if a sale did happen.

The Atlantic reported that the sale of 23andMe might additionally imply the potential sale of person information. The director of cybersecurity at Digital Frontier Basis, a nonprofit centered on digital privateness, urged customers to delete their information in a submit that garnered 547,000 views.

A 23andMe spokesperson beforehand instructed BI that Wojcicki “has publicly shared she intends to take the corporate personal, and isn’t open to contemplating third-party takeover proposals.”

The assertion added: “Anne has demonstrated an unwavering dedication to the corporate’s mission and values, and to its clients, pledging to take care of 23andMe’s sturdy safety and privateness insurance policies, together with following the meant completion of the acquisition she is pursuing.”