Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.
David Paul Morris | Bloomberg | Getty Images
23andMe has officially filed for Chapter 11 bankruptcy protection, which means its assets — including its vast genetic database — will soon be up for sale.
The company continues to sell its at-home DNA testing kits, allowing consumers to get insight into their family histories and genetic profiles. DNA data is particularly sensitive because each person’s sequence is unique, meaning it can never be fully anonymized, according to the National Human Genome Research Institute.
If genetic data falls into the hands of bad actors, it could be used to facilitate identity theft, insurance fraud or other crimes. 23andMe has been plagued by privacy concerns in recent years after hackers accessed the information of nearly 7 million customers in October 2023.
As part of the bankruptcy process, the company said it will seek a partner that shares its commitment to customer data privacy, and that there will be no changes to how it stores, manages and protects data through the sale process.
“Our users’ privacy and data are important considerations in any transaction, and we remain committed to our users’ privacy and to being transparent with our customers about how their data is managed,” the company said in an FAQ page about the bankruptcy filing. “Any buyer of 23andMe will be required to comply with applicable law with respect to the treatment of customer data.”
Still, experts and officials are urging 23andMe customers to proceed with caution. California Attorney General Rob Bonta on Friday issued a consumer alert, encouraging residents to consider deleting their genetic data from 23andMe, which is based in his home state.
“Given 23andMe’s reported financial distress, I remind Californians to consider invoking their rights and directing 23andMe to delete their data and destroy any samples of genetic material held by the company,” Bonta said in the release.
Adrianus Warmenhoven, who serves on the security advisory board at NordVPN, described genetic data as the “blueprint of your entire biological profile.” He encouraged consumers to delete their information and be mindful of the companies they chose to share it with going forward.
“Monitor your digital footprint regularly, and you can also sign up for credit monitoring or identity theft protection services,” Warmenhoven said in a statement to CNBC. “Revoke permissions you no longer require, shut down any account you don’t use, and learn about how your data is used.”
23andMe said customers can still delete their account and accompanying data. Here’s how:
Delete your genetic data from 23andMe
Go to 23andMe.com and sign in to your account.
Click on your profile in the upper righthand corner of the site, then click “Settings.”
Scroll to the section at the very bottom of the page called “23andMe Data” and click the oval button that says “View.”
Check the boxes of any data you would like to download and click “Request Download.” This step is optional and can take up to 30 days. You can continue with the following steps while you wait.
Scroll to the bottom of the page and click the red button that says “Permanently Delete Data.”
You will receive an email with the subject line “23andMe Delete Account Request.” Open it, and click the button that says “Permanently Delete All Records.” Your data will not be deleted unless you complete this step.
At this point, your personal information and your account will be permanently deleted from 23andMe, according to the deletion email from the company. Additionally, your data will not be used in any future research projects, and any personal samples the company was storing will be discarded.
Direxion signage at the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 22, 2025. The holiday-shortened week started with gains in stocks amid a broad advance that saw a continuation of the bullish momentum on Wall Street.
Michael Nagle | Bloomberg | Getty Images
Motive, a company with software for managing corporate trucks and drivers, on Tuesday filed for an initial public offering on the New York Stock Exchange under the symbol “MTVE.”
The paperwork puts Motive among a fast-growing group of tech companies looking to go public in 2026. Anthropic, OpenAI and SpaceX have all reportedly considered making their shares widely available for trading next year.
Motive is smaller, reporting a $62.7 million net loss on $115.8 million in revenue in the third quarter. The loss widened from $41.3 million in the same quarter of 2024, while revenue grew about 23% year over year. The company had almost 100,000 clients at the end of September.
Ryan Johns, Obaid Khan and Shoaib Makani started Motive in 2013, originally under the name Keep Truckin. Makani, the CEO, is Khan’s brother-in-law.
Investors include Alphabet’s GV, Base10 Partners, Greenoaks, Index Ventures, Kleiner Perkins and Scale Venture Partners.
Motive’s AI Dashcam device for detecting unsafe driving “has prevented 170,000 collisions and saved 1,500 lives on our roads,” Makani wrote in a letter to investors. Most revenue comes from subscriptions, although Motive does sell replacement hardware and professional services.
The San Francisco company changed its name to Motive in 2022, and as of Sept. 30, it employed 4,508 people. Motive employs 400 full-time data annotators who apply labels that are meant to enhance artificial intelligence models.
Motive has ongoing patent-infringement litigation with competitor Samsara, which went public in 2021 and today has a $22 billion market capitalization.
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 is on track for its fourth day of gains Tuesday, buoyed by strength in AI-related names. AI chipmakers and Club holdings Nvidia and Broadcom are up around 2.5% and 2%, respectively, in afternoon trading. Meanwhile, hopes that the Federal Reserve will lower interest rates in January further dimmed after stronger-than-expected economic data . The initial third-quarter GDP report, which was delayed due to the government shutdown, showed that the U.S. economy grew 4.3% in three months ended in September, beating the Dow Jones estimate of a 3.2% expansion. China truce: The Trump administration has opted to delay implementing additional tariffs on Chinese chips for at least 18 months, according to a Federal Register filing on Tuesday. The decision came after the administration concluded a trade investigation started under former President Joe Biden. The investigation determined China has “employed increasingly aggressive and sweeping non-market policies and practices in pursuing dominance” in the semiconductor industry, which has “disadvantaged U.S. companies, workers and the economy.” Despite that finding, the Trump administration said it implemented “an initial tariff level of 0 percent” on Chinese-made silicon until at least June 23, 2027. The move should help to keep trade U.S.-China tensions at bay, a positive for the broader economy and, in turn, the stock market as we head into 2026. While this move is about Chinese chips coming into the U.S., rather than U.S. restrictions on cutting edge chips going to China, the encouraging takeaway for investors is what it says about the White House’s posture toward China. Additionally, it should help with input costs for those companies that make products with Chinese chips in them in industries such as defense, medical devices and automotive. Buy the dip: Baird says weakness in Meta Platforms stock is a great opportunity for investors. After closing at a record $790 apiece on Aug. 12, shares drifted lower until late October — and then tanked in response to third-quarter earnings as investors fretted about its level of AI spending. While Meta shares bottomed a couple weeks later and have made a nice move since then, the stock is still more than 11% below its pre-earnings plunge. Year to date, Meta is up around 13.5%, trailing the S & P 500’s more than 17% advance in the same stretch. In the Tuesday note, Baird analysts encouraged clients to be “opportunistic buyers” on the dip because while there are still near-term risks to investor sentiment, expectations seem to be in a better balance compared to earlier this year. Baird cited catalysts such as better execution in Meta AI and Llama, the company’s family of large language models. The firm added, “While mixed sentiment could persist into early 2026 amid margin uncertainty, we believe the narrative can shift more constructively through the year through a possible margin-clearing event; launch of next Llama model; updates to Meta AI; ramping WhatsApp and Threads monetization, etc.” Although analysts are sticking with Meta, they did slightly lower their price target to $815 from $820 apiece. Still, the updated price target represents a 23% upside from Monday’s close and would be a new all-time high. Like Baird, we’re optimistic on Meta’s AI ambitions — and that’s why we stepped in to buy more Meta shares for the first time in three years last month during its pullback. The Facebook parent has poached top AI talent , giving the company’s TBD Labs, which oversees its large language models, an entire roster of world-class engineers. Meta also reportedly plans to make cuts to its metaverse unit, which should give the company more flexibility to put capital into faster-growing areas such as generative AI. The Club has a price target of $825 on the stock. Up next: There are no big earnings reports this evening. On the economic date front, initial jobless claims are out Wednesday at 8:30 a.m. ET. The New York Stock Exchange will close at 1 p.m. ET for Christmas Eve, and will be closed entirely on Christmas Day on Thursday. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. 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A silicon wafer with chips etched into is seen as U.S. Vice President Kamala Harris tours a site where Applied Materials plans to build a research facility, in Sunnyvale, California, U.S., May 22, 2023.
Pool | Reuters
The U.S. will increase tariffs on Chinese semiconductor imports in June 2027, at a rate to be determined at least a month in advance, the Trump administration said in a Federal Register filing on Tuesday.
But in the meantime, the initial tariff rate on semiconductor imports from China will be zero for 18 months, according to the filing from the Office of the U.S. Trade Representative.
As part of an investigation that kicked off a year ago, the agency found that China is engaging in unfair trade practices in the industry.
“For decades, China has targeted the semiconductor industry for dominance and has employed increasingly aggressive and sweeping non-market policies and practices in pursuing dominance of the sector,” the office said in the filing.
The decision to delay new tariffs for at least 18 months signals that the Trump administration is seeking to cool any trade hostilities between the U.S. and China.
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Additional tariffs could also become a bargaining chip if future talks break down.
U.S. President Donald Trump and Chinese President Xi Jinping reached a truce in the so-called trade war in October, as part of a deal that included the U.S. slashing some tariffs and China allowing exports of rare earth metals.
The USTR’s Tuesday filing states that tariffs will increase on June 23, 2027.
The notice is the next step in a process focusing on older chips that started during the Biden administration under Section 301 of the Trade Act.
The new 2027 date gives clarity to American firms that have said they are closely watching how U.S. tariffs could affect their businesses or supply chains.
The tariffs are separate from other duties threatened by the Trump administration on Chinese chip imports under Section 232 of the law.