The rise and fall of 23andMe

In March 2025, the company filed for Chapter 11 bankruptcy protection. 23andMe will continue operating while it seeks a buyer."After a thorough evaluation of strategic alternatives, we have determined that a court-supervised sale process is the best path forward to maximize the value of the business," chair Mark Jensen said in a press release. It will "advance our efforts to address the operational and financial challenges we face, including further cost reductions and the resolution of legal and leasehold ...