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How 23andMe's bankruptcy led to a run on the gene bank

Planet Money

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Bankruptcy and Data Privacy in 23andMe's Fall

This chapter examines the bankruptcy of 23andMe, highlighting the company's struggle to effectively monetize its vast genetic data amid financial setbacks, data breaches, and legal challenges. It explores the intersection of bankruptcy law and consumer privacy rights, reflecting on past cases like ToySmart to illustrate the complexities of protecting consumer data during financial crises. The discussion emphasizes the evolving landscape of data privacy regulations and the significance of roles like the Chief Privacy Officer in navigating these issues.

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