What happened to 23andMe? – CNBC Africa

23andMe was one of the hottest startups of the 2000s, once valued at $6 billion. The company’s DNA testing kits became a viral sensation and a powerful research tool for those wanting to learn more about their ancestry and health. But today the company has lost 98% of its value and is on the verge of being delisted from the Nasdaq after all independent board members resigned over founder Anne Wojcicki’s “strategic differences” in her vision for the company feeling frustrated. 23andMe now has the world’s largest genetic database, which the company once wanted to use for drug development. So what happens to all this DNA data and can Wojcicki save the company from collapse by privatizing it? Watch the video to learn more. Chapters: 00:41 – The Early Days 04:31 – IPO Produced by: Merritt Enright Editing by: Nora Rappaport Supervising Producer: Jeniece Pettitt Animation: Christina Locopo, Jason Reginato Additional Footage: 23andMe, Getty Images

Sun, Oct 20, 2024 16:00:59 GMT