A naukri.com initiative
Siliconangle
7d
183
Image Credit: Siliconangle
Once valued at $3.5B, 23andMe files for Chapter 11 bankruptcy
- Genetic testing company 23andMe has filed for Chapter 11 bankruptcy.
- The company plans to operate during the proceedings and secure a buyer.
- Financial difficulties, declining customer base, and low retention were factors leading to the bankruptcy.
- The company's co-founder will step down, and an interim CEO will take over.
Read Full Article
11 Likes
For uninterrupted reading, download the app