23andMe bankruptcy under congressional investigation for customer data

Core Insights - The House Committee on Energy and Commerce is investigating 23andMe's Chapter 11 bankruptcy filing and is concerned about the potential compromise of sensitive genetic data [1] - Several congressmen have requested information from 23andMe regarding its data and privacy practices, highlighting ongoing concerns about the company's data security commitments [2][4] - 23andMe, which gained popularity with its at-home DNA testing kits, has faced challenges in generating recurring revenue and establishing a profitable research and therapeutics business, leading to its bankruptcy filing [3] Company Overview - 23andMe was once valued at a peak of $6 billion but has struggled financially, resulting in its assets, including a vast genetic database, being put up for sale following its bankruptcy filing in March [3] - The company has not yet responded to inquiries regarding its data security practices, raising further concerns among lawmakers [4]