The Rise, Bankruptcy and Rebirth of 23andMe | The Circuit

What it says

Bloomberg follows 23andMe cofounder Anne Wojcicki as she regains control of the company after its Chapter 11 case and recasts it as a nonprofit research organization. It traces the company’s commercial decline, 2023 security incident, and the debate over the future of its genetics data.

• —4:09Wojcicki recounts buying 23andMe back after the Chapter 11 process and frames the nonprofit as a genetics research organization.
• —6:20The video links the company’s decline to falling test-kit demand and the 2023 security incident.
• —17:12Wojcicki says a larger participant dataset would be needed for individualized prevention research.

The summary describes what was said. Only the claims below were checked.

Claims checked (1)

• 7:21Bloomberg Originals

  Did 23andMe actually enter Chapter 11, rather than merely announce a sale process?

  “On March 23rd, 2025, the company filed for bankruptcy.”

  Supported— what the sources below say

  1 independent source

  23andMe’s March 24, 2025 Form 8-K states that the company and specified subsidiaries filed voluntary Chapter 11 petitions on March 23, 2025.

  The sources (1)

  1. Supports·Regulatory filing·23andme (first-party)·8-K

     “On March 23, 2025, the Company and certain of its subsidiaries listed on Exhibit 99.1 (collectively, the “Filing Subsidiaries” and, together with the Company, the “Debtors”) filed voluntary petitions (the “Bankruptcy Petitions”) seeking relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the Court (the “Chapter 11 Cases”).”

     https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/d933650d8k.htm