23andMe Holding Co. filed bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. The Silicon Valley-based firm will continue marketing itself to investors with the goal of getting at least one binding offer by May 7,…
From $6 billion unicorn to bankrupt cautionary tale: The story of 23andMe Fortune Read the original article here
Bay Area pioneer 23andMe goes bankrupt as customers are urged to delete data Axios Read the original article here
23andMe, which provides medical and ancestry-related genetic testing, has filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Despite collecting DNA from saliva samples from more than 15 million customers, the company hasn’t been…
Bay Area pioneer 23andMe goes bankrupt as customers are urged to delete data Axios Read the original article here
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022. The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were…
An Ontario court has approved the liquidation of nearly all Hudson’s Bay Company’s stores, marking the end of Canada’s oldest company, which has been in operation for 355 years. The liquidation is set to begin March 24, and will continue until June 15, leaving only six stores in operation. The court’s decision came shortly after…
DNA Tester 23andMe Files Bankruptcy to Sell Firm, CEO Quits MSN Read the original article here
A recent paper published in the New England Journal of Medicine calls for regulations to protect customers’ personal and genetic data in light of biotech company 23andMe’s uncertain future. The genetic testing firm became wildly popular after launching in 2007, with millions of customers sending in saliva samples for analysis to learn about their ancestry…
What’s going on here? 23andMe, once a leader in genetic testing, has filed for bankruptcy after a massive data breach disrupted its operations and thwarted buyout attempts. What does this mean? Co-founded by Anne Wojcicki, 23andMe revolutionized genetic testing with its consumer kits launched in 2007, earning accolades as a groundbreaking innovation. But regulatory issues…