23andMe Goes Bankrupt as Only 550,000 Subscribe to Gene Testing

(Bloomberg) -- 23andMe Holding Co., which provides medical and ancestry-related genetic testing, 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 profitable since going public in 2021. That personal information...
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