0h 48min, mar 24, 2025 y - 23andMe Files for Bankruptcy

Description:

23andMe (ME.O), opens new tab on Sunday filed for bankruptcy in the U.S. after struggling with weak demand for its ancestry testing kits and a 2023 data breach that damaged its reputation.

The company's shares fell 50% to 88 cents in Monday trading after co-founder Anne Wojcicki, who made multiple failed takeover bids, resigned as CEO. 23andMe did not say whether there are other interested bidders. It will continue to operate during the sale process, having secured $35 million in financing over the weekend.

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