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23andMe CEO Anne Wojcicki considers taking company private - TL;DR CNBC

23andMe CEO Anne Wojcicki considers taking company private

Publishing timestamp: 2024-04-18 12:13:32


Summary

23andMe CEO Anne Wojcicki is considering taking the genetic testing company private after its stock price has tumbled more than 95% from its 2021 highs. The company went public in 2021 via a merger with a special purpose acquisition company, but has struggled to generate steady recurring revenue. Wojcicki is working with advisors to explore options, including acquiring all outstanding shares. The company's board of directors has formed a special committee to review the proposal and other strategic alternatives.


Sentiment: MIXED

Tickers: ME

Keywords: business newshealth care industry23andme holding co.internetbreaking news: technologytechnologyenterprise

Source: https://www.cnbc.com/2024/04/18/23andme-ceo-anne-wojcicki-considers-taking-company-private.html


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