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23andMe Files for Bankruptcy as CEO Exits

Mint Bangalore

March 25, 2025

The genetic testing company faced uncertainty, struggling to find a profitable model since going public in 2021

San Francisco-based genetic testing company, 23andMe, has filed for Chapter 11 bankruptcy protection as its co-founder and CEO resigned. The firm continues its push to cut costs.

The firm announced on Sunday that it will look to sell "substantially all its assets" through a court-approved reorganization plan.

Diese Geschichte stammt aus der March 25, 2025-Ausgabe von Mint Bangalore.

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