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23andMe CEO Anne Wojcicki files proposal to take company private as stock craters - TL;DR CNBC

23andMe CEO Anne Wojcicki files proposal to take company private as stock craters

Publishing timestamp: 2024-07-31 22:11:16


Summary

23andMe CEO Anne Wojcicki has proposed to take the genetic testing company private by acquiring all outstanding shares for 40 cents per share. The company has struggled to generate steady revenue since customers only need to take the DNA test once. Wojcicki's intention is to complete the transaction promptly, as the stock price continues to hover below $1.


Sentiment: MIXED

Tickers: ME

Keywords: technologybusiness newsenterprisehealth care industryinternetbreaking news: technology23andme holding co.

Source: https://www.cnbc.com/2024/07/31/23andme-ceo-anne-wojcicki-files-proposal-to-take-company-private-.html


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