https://www.cnbc.com/2025/03/24/dna-testing-firm-23andme-files-for-bankruptcy-ceo-departs.html
Genetic testing firm 23andMe said on Sunday it filed for filed for Chapter 11 bankruptcy protection in the U.S. to help the $50 million company sell itself and that co-founder and CEO Anne Wojcicki had resigned after multiple failed takeover bids.
The latest offer valued 23andMe at about $11 million, below its current value of $50 million, per LSEG data, and a far cry from its $3.5 billion market capitalization when it went public in 2021.
Wow, just imagine all that data they have collected and can now sell!
I suspect they've been selling it the entire time.
I suspect buyers are having a problem with DOGE
Im sure they have been selling it the whole time, but now the whole thing is up for grabs. And the new company doesnt have to respect the old company policies.
My hunch is its more of a sealed indictment FISA or RICO case, very shady stuff going on with intel agencies (some foreign) and these DNA harvesting ops.
Im sure its similar to coinbase. Everything is secure until the government asks to see. Then they open their gates.
Everybody is in that database.
Even if you personally never used that. If a few of your 3rd cousins used it - tough luck! 😂
RIP my shares...
s/shares/shitcoins
ftfy ;)
And now everyone that sent them their DNA will have it sold as part of bankruptcy proceedings without their consent.
All these companies going public just to slowly sellout and exit. What a scam, all of it.