Reported 2 days ago
23andMe, the DNA testing company, has filed for bankruptcy amid declining market value, a major data breach, and weak demand for its products. CEO Anne Wojcicki resigned following several failed attempts to secure a buyout as the company faces significant financial challenges, including a $30 million settlement related to the breach. Despite these issues, 23andMe has secured $35 million in financing and plans to continue operations during the sale process.
Source: YAHOO