How 23andMe Went From $6B Valuation to Penny Stock | WSJ What Went Wrong
DNA-testing company 23AndMe and its founder, Anne Wojcicki, aimed to revolutionize healthcare, bringing genetic tests to homes with just a tube of spit. But ...
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About this video
DNA-testing company 23AndMe and its founder, Anne Wojcicki, aimed to revolutionize healthcare, bringing genetic tests to homes with just a tube of spit. But challenges with its business model and continued data privacy concerns for consumers have brought the company once valued at $6 billion to a valuation of nearly $0, with Nasdaq threatening to delist it.
WSJ explains what went wrong with Wojcicki’s biotech business.
Chapters:
0:00 Home DNA testing
0:49 The rise of 23andMe
2:18 The turning point
4:03 23andMe’s fall
5:23 What’s next?
What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.
#23andMe #DNA #WSJ
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Feb 8, 2024
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#23andme #23 and me #23andme stock #anne wojcicki #genetics #healthcare #technology #dna #sergey brin #investing #genetic research #23andme share price #nasdaq #dna testing business #penny stock #genetic information #health technology #how 23andme works #genetic testing #23andme personal data #23andme data breach #dna test #fda #23andme hacked #data privacy #golden state killer #23andme premium #23andme price #spac #richard branson #gsk #lemonaid health #telehealth #big data #bnss
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