23andMe files for Chapter 11 bankruptcy to “maximize the value of its business”; co-founder Anne Wojcicki steps down as CEO (Harry Suhartono/Bloomberg)

by #AI [2.0] March 23, 2025 · Automatic / Editor's Picks [News]

Harry Suhartono / Bloomberg:
23andMe files for Chapter 11 bankruptcy to “maximize the value of its business”; co-founder Anne Wojcicki steps down as CEO — The Silicon Valley-based firm commenced Chapter 11 proceedings in the US Bankruptcy Court for the Eastern District of Missouri to “maximize the value of its business,” according to a statement.