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Stock impact report

23andMe bankruptcy: With America's DNA put on sale, market panic gets a new form of testing [CNBC]

Similarweb Ltd. Ordinary Shares (SMWB) 
Company Research Source: CNBC
23andMe has 15 million customers and with calls for users to delete their data, traffic to its website surged 526% on the day of its bankruptcy filing. Some experts say putting genetic information on sale is both a data disaster and national security disaster, but others say the 23andMe panic represents a small part of a much bigger health information problem. Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. DNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul Revere or the 15th great nephew four times removed of the last King of Prussia is worth the perceived risk of sharing a DNA sample. But what happens when the company harvesting the DNA goes bankrupt? That was the question posed to millions of Americans last week when 23andMe, the company that popularized consumer genetic testing and had early backing from Google, , leading to a wave of calls for Ameri Show less Read more
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