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Home > TechCheck > 23andMe’s Downward Spiral 9/19/24
Podcast: TechCheck
Episode:

23andMe’s Downward Spiral 9/19/24
Category: Technology
Duration: 00:07:24
Publish Date: 2024-09-19 18:23:14
Description:

23andMe could get delisted from the Nasdaq after all 7 members of its board resigned this week. CEO Anne Wojcicki is a big name in Silicon Valley but has struggled to find a sustainable business model and shares are 99% off its peak valuation post-SPAC merger. Wojcicki is now hoping to pivot and take the company private by buying back all outstanding shares in what could be seen as a “founders mode” leadership move. 
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