What went wrong for 23andMe

CEO Anne Wojcicki wanted to take 23andMe private 23andMe cofounder Anne Wojcicki. Kimberly White / Getty Images Despite operating for nearly two decades without turning a profit, 23andMe went public in 2021 and reached a $6 billion valuation. The stock price collapsed more recently, leaving the company with a market value of less than$50 million.In July 2024 Wojcicki, the CEO and cofounder, proposed taking 23andMe private, but a special board committee rejected the proposal five days later.The sp ...