23andMe went Bankrupt… Then the CEO acquired the DNA…
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23andMe went Bankrupt… Then the CEO acquired the DNA database back through a nonprofit!
23andMe is owned by the TTAM Research Institute, a nonprofit organization founded by the company's co-founder, Anne Wojcicki.
Following 23andMe's bankruptcy and Wojcicki's resignation as CEO, her nonprofit acquired the company's assets \*\*including its DNA database\*\* and telehealth services, in a $305 million purchase.
Judge Brian Walsh of the U.S. Bankruptcy Court in the Eastern District of Missouri, in St. Louis, wrote that the current structure of the deal "involves a sale of customer data only in a technical sense."
“The states' suit had sought to ensure that consumers have full control over genetic information, which is highly personal and unchangeable.”
Justin Leonard, a lawyer who represented Oregon in the states' lawsuit, said that this outcome would satisfy the states' concerns: "It's going to be under the same privacy policies, the same cybersecurity protections, same management as it was before."
“The deal effectively avoids the controversial transfer of DNA data to a third party.”
Let’s talk about this claim above: This could never have happened per 23andMe’s contracts. Lawsuits were ready to be filed en masse if a third party sale went through.
So why is this being treated as if they are protecting the people by letting big money catch a big break once again. How about nobody gets to break contracts to the many people due to poor business decisions of a few?
Not our burden to carry the costs of these idiots decisions. And that “asset” can just sit there. It doesn’t need to be sold… these people are so dystopian. They act like this was helping and being fair… thanxxxxx soooo muccchhhh
Was this just a consolidation of debt and restructuring of her company and this is what it looks like for Elites? They make money look so unserious but it’s so serious for most of us and it feels like that’s on purpose.
https://www.npr.org/2025/06/30/nx-s1-5451398/23andme-sale-approved-dna-data
23andMe is owned by the TTAM Research Institute, a nonprofit organization founded by the company's co-founder, Anne Wojcicki.
Following 23andMe's bankruptcy and Wojcicki's resignation as CEO, her nonprofit acquired the company's assets \*\*including its DNA database\*\* and telehealth services, in a $305 million purchase.
Judge Brian Walsh of the U.S. Bankruptcy Court in the Eastern District of Missouri, in St. Louis, wrote that the current structure of the deal "involves a sale of customer data only in a technical sense."
“The states' suit had sought to ensure that consumers have full control over genetic information, which is highly personal and unchangeable.”
Justin Leonard, a lawyer who represented Oregon in the states' lawsuit, said that this outcome would satisfy the states' concerns: "It's going to be under the same privacy policies, the same cybersecurity protections, same management as it was before."
“The deal effectively avoids the controversial transfer of DNA data to a third party.”
Let’s talk about this claim above: This could never have happened per 23andMe’s contracts. Lawsuits were ready to be filed en masse if a third party sale went through.
So why is this being treated as if they are protecting the people by letting big money catch a big break once again. How about nobody gets to break contracts to the many people due to poor business decisions of a few?
Not our burden to carry the costs of these idiots decisions. And that “asset” can just sit there. It doesn’t need to be sold… these people are so dystopian. They act like this was helping and being fair… thanxxxxx soooo muccchhhh
Was this just a consolidation of debt and restructuring of her company and this is what it looks like for Elites? They make money look so unserious but it’s so serious for most of us and it feels like that’s on purpose.
https://www.npr.org/2025/06/30/nx-s1-5451398/23andme-sale-approved-dna-data
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