Once valued at billions of dollars, the genetic testing pioneer 23andMe is navigating a critical transition following severe financial declines, a major data breach, and the recent resignation of its independent board members. CEO Anne Wojcicki is currently working to take the company private to facilitate a restructuring of its business model. To secure a viable future, the company is shifting its focus from one-time DNA test kits toward recurring subscription-based health services and drug discovery, aiming to leverage its vast genetic database amid ongoing financial challenges.
- 23andMe popularized direct-to-consumer DNA testing, reaching a peak valuation of approximately $6 billion after going public in 2021.
- The company’s stock price has since fallen by over 95%, raising the risk of delisting from the Nasdaq stock market.
- A significant data breach in late 2023 compromised the information of approximately 6.9 million customers, impacting consumer trust and company valuation.
- In September 2024, all of the company’s independent board members resigned over strategic disagreements regarding CEO Anne Wojcicki’s proposal to take the company private.
- The company is currently attempting a strategic pivot by focusing on subscription-based preventative healthcare and utilizing its database for pharmaceutical drug development.
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Original video here.
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Ur truly one of the best creators in the world
When you give a company YOUR DNA to test, and then they sell that off to others… yeah, they’re cooked.
Funny enough, that social media giants and basically every site, takes any data they can collect from us, to sell off 🤔
And we’re not getting paid for our privacy to be abused and our trust to be used like this.
Pretty wild that lobbying and propaganda is stronger than the people, at large.
Only takes a few people bribing a few millions, and then billions of people are bought and sold…
Modern day slavery. Kanye was right. At least today, slavery is a choice. Because we’re all slaves to the Internet.
26: Wrong! As women they are Wójcicka!
How much did she get from the divorce ?
I always see failures as successes in many ways, you learn from failure.
can you make more of The Circuit? I loooooooveee it 🙂
Beautiful. Really much informative on how a company can quickly grow and collapse. It's really helpful for entrepreneurs going through a lot. And how quickly people who where supportive in the very beginning can change their minds suddenly. As entrepreneurs we have to be really careful and selective on how we carry ourselves when successful. Not every single door out there is meant to be opened. Not every single event is meant to be attended. Entrepreneurs are not "stars". We're [problem solvers].
no one needs their comeback, absolutely no one.
Excellent
The only thing you cannot buy as a business/company is TRUST and they lost it by that data breach and there are other similar companies now in the same space so 23andMe is thing of the past
Riding bikes, doing burpees, playing arcade games with one of Silicon Valley's most famous women? Sign me up.
She is giving me serious evil vibes
This feels like a PR piece for the comeback
How do you monetise a not-for-profit?
She has a distain for health professionals but wants to creat a health care company.
Great interview
Bunch of ego stroking for a person who just built a massive genetic repo of our data to be stripped and sold for parts. And hacked.
These people are dangerous.
“I’ve got nothing to hide.” Proceeds to kind of evade talking about Epstein by saying the classic and highly used, “we only met him ONCE.”
Interessante
"It's okay to try and it's okay to fail" if you are rich and don't need to worry about rent.
There was a recent NY Post article about their government links
South Korea is replicating the patterns of global election fraud.
Only part I am confused is how does MAHA and 23andme coexist. One is pseudoscience and the latter is science
Speed up on the videos em you like load a video like every 6months
Woman owned and run companies are few few – if successful the big players get scared and want to and do squash them –
If the government would tell insurance companies to cover for those lab test( genetic , food sensitivity, vitamin and mineral deficiency etc) then people who really care for there health wouldn’t buy the kit
Emily is by far the best business reporter on the planet
As a polish person: it’s voy-CHEEFT-skee.
I love 23&Me it is the best DNA ancestry testing company. Thank you guys for all you do & shedding light on my health & family tree.
She lost me at MAHA movement
California is beautiful especially up in Palo Alto and Los Altos areas.
1:35 you what?
Why didn’t you ask her about the investors who lost money under her leadership? . What a joke
It seems that 23andme doubled down on the traditional data hoarding strategy with a limited recidivism of its main service and untenable long term returns by monetization partnerships of these datasets. So what exactly is their new revenue model?
After data breach would people interested using the product again?
Even if they hacked a third party of the system , you are hacked.