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23andMe Founder Wojcicki Wins $305M Bankruptcy Auction

  • #Health
  • #Medicine & healthcare
  • #United States of America
23andMe Founder Wojcicki Wins $305M Bankruptcy Auction
story
JUN 17
Above: Anne Wojcicki during a House Committee on Oversight and Government Reform hearing on June 10 in Washington. Image copyright: Andrew Harnik/Getty Images
story last updated JUN 17

The Spin

Pro-establishment narrative

This acquisition is a victory for consumer privacy and data protection. Wojcicki's commitment to maintaining existing privacy policies and implementing new safeguards demonstrates a genuine concern for customer welfare. The nonprofit structure ensures the company won't be driven solely by profit motives, potentially providing better long-term protection for sensitive genetic data.

InvestorsGuardian

Establishment-critical narrative

The deal raises serious concerns about corporate accountability and data security. Wojcicki was CEO during the massive 2023 breach that compromised millions of accounts, yet she's now buying back the company at a fraction of its former value. This sets a troubling precedent where executives can benefit from their own failures.

Yahoo Finance

Articles on this story

23andMe’s founder wins bid to regain control of bankrupt DNA testing firm
GuardianJUN 17
23andMe's former CEO agrees to buy the company for $305 million
AxiosJUN 17
23Andme Bankruptcy Hipaa Privac
AxiosJUN 17
23andMe files for bankruptcy, Anne Wojcicki steps down as CEO
CNBCMAR 22
Anne Wojcicki Wins Bidding For 23Andme 92Dcfd5
Wall Street JournalJUN 17