Tag: 23andme
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23andMe’s Journey from $6 Billion Valuation to Penny Stock Status amid NASDAQ Delisting Risks
23andMe, a company once valued at $6 billion in 2021, has experienced a steep decline, now trading as a penny stock and facing the risk of NASDAQ delisting. Founded in 2006 by Anne Wojcicki, the company revolutionized direct-to-consumer genetic testing, lowering the cost of its kits and securing FDA approval. However, slowed sales, one-time-use nature…