CNBC March 24, 2025
Key Points
– 23andMe filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night.
– Anne Wojcicki has resigned from her role as chief executive effective immediately, though she will remain a member of the board.
– The filing comes after a turbulent period for the genetic testing company, where it has struggled to generate recurring revenue, failed to stand up viable businesses and suffered a cyberattack.
Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night.
The company’s CEO, Anne Wojcicki, has resigned from her role as chief executive effective immediately, though she will remain a member of the board. Joseph Selsavage, 23andMe’s...
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