CosmicTaco

23andMe Struggles as Sequoia Capital Sells Shares

CosmicTaco · 2024-11-22T09:14:31.277017+05:30

* Genetics-testing company 23andMe's value has dropped by a third as former investors, including Sequoia Capital, sell shares. * The company is fighting for survival amid doubts over its business model and concerns over its genetic data ownership. * CEO Anne Wojcicki is attempting to rescue the company with a restructuring plan and a focus on selling genetic tests. Source: [Financial Times](https://www.ft.com/content/7dadba45-674d-4745-b945-e19bff412c4e)

Genetics-testing company 23andMe's value has dropped by a third as former investors, including Sequoia Capital, sell shares.
The company is fighting for survival amid doubts over its business model and concerns over its genetic data ownership.
CEO Anne Wojcicki is attempting to rescue the company with a restructuring plan and a focus on selling genetic tests.

Source: Financial Times