July 6, 2024

Paul Mescal.Let his Fans know the kind of business that he is doing and it causes a lot of..

One of the most popular businesses globally five years ago was green up pointing triangle, which had an increase of 8.16% in 23andMe ME. Spitting into its test tubes, millions of people were discovering their ancestry. Eddie Murphy name-checked the brand on “Saturday Night Live,” Lizzo dressed up as one for Halloween, and Oprah rated its kit one of her favorites. After going public in 2021, 23andMe’s valuation momentarily eclipsed $6 billion. The CEO of 23andMe and a well-known figure in Silicon Valley, Anne Wojcicki, was named the “newest self-made billionaire” by Forbes.

Wojcicki’s billions that he made himself are now gone. Since its peak, 23andMe’s valuation has dropped 98%, and Nasdaq has threatened to delist the company’s sub-$1 shares. Wojcicki implemented three rounds of layoffs last year, reducing workers by a quarter.

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