Bankrupt 23andM Selling Americans' DNA Data To Highest Bidder!

World News Report Today
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World News Report Today
March 27th 2025!
Bankrupt 23andM Selling Americans' DNA Data To Highest Bidder!
#bankrupt #23andme #dna #biometricdata #sale #privateinformation
https://www.zerohedge.com/technology/bankrupt-23andme-cleared-judge-sell-americans-dna-data-highest-bidder
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James Kaufman, World News Report today, March 27th, 2025.
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Bankrupt 23andMe,
cleared to sell Americans' DNA data to highest bidder.
Let's start with this week's chaotic event surrounding
the bankrupt genetic testing startup, 23andMe Holdings Incorporated.
Monday, 23andMe filed for bankruptcy, CEO resigned,
fate of American's DNA data now in court,
supervised sale, over 15 million people, folks.
Tuesday, U.S. official alleges 23andMe sold American's DNA data
to pharma companies already owned by foreign adversaries.
Wednesday.
23andMe customers panic and try to delete their genetic data.
That wasn't very smart, was it?
Fast forward to Thursday.
Bloomberg reports the worst fear for over 15 million 23andMe customers.
U.S. bankruptcy judge Brian C. Walsh has granted the defunct genetic
testing startup permission to sell its massive genetic database,
potentially ending up in the hands of private equity firms
that will find new ways to monetize this sensitive data,
although they've probably already sold it once or twice to several
foreign pharmaceutical companies, per the testimony in court.
Here's more from the report.
Under the sales procedures,
the company sets quick deadlines for potential bidders, including
a May 7th deadline when definitive offers are due
and a final hearing the following
month.
U.S. bankruptcy judge Brian C. Walsh required
the company to slow the overall pace by two
weeks, in part to accommodate his vacation schedule
and in part to give creditors a chance
It's a chance to weigh in.
Before the court makes its final decision on a buyer.
Scary.
Walsh's ruling didn't resolve concerns raised
by the looming auction of this sensitive data
or complaints from shareholders about
the months 23andMe spent trying to find a buyer
before filing for court protection earlier this week.
The takeaway for consumers is never hand
your biometric data to anyone.
Especially a corporation, the government,
or anyone else for that matter.
Those who did are now on a list
that will be sold to the highest bidder.
God bless you guys.
Share, subscribe, and always remember,
anything's possible in Bizarro World.
