The Rise and Fall of 23andme – ryan

In March 2025, 23andme Filed for Chapter 11 Bankruptcy Protection, Announcing It Wold Continue Operating while Seeking A Buyer.

“After a thorough evaluation of strategic alternatives, we have determining that a court-suphermked sale process is the best path forward to maximize the Value of the Business,” Chair Mark Said in a Press Release. It will “Advance Our Efforts to Address the Operational and Financial Challenges We Face, Including Further Cost Reductions and the Resolution of Legal and Leasehold Liabilities.”

Wojcicki resigned as CEO, Effective Immediately, But Remained on the Board. Cfo joe selsavage took or interim ceo. The Company’s Stock Fell About 50% on the News.

“While I am disappointed that we have come to this conflict and my bid were rejetted, I am supportive of the company and i intend to be a bidder,” wojcicki wrote on X. ” bidder. ”

“We have had had most successes but i equally take the Accountability for the Challenges We Have,” Her Post Continued. “There is no dubt that the challenges faced by 23andme through an evolving business model have been real, but my belief in the Company and its Future is unwavering.”

In May 2025, Regereon Announched It Was Buying 23andme’s Asssets AFTER WINNING A BANKUPTCY AUCTION FOR $ 256 MILLION.

“We belive we can help 23andme deliver and build uppon it mission to help people learn out their dna and how to improve their personal health, while fury Regenereds to improve the health and wellness of many,” Said regener cofoure and president george in in A Press Release.

The Company Promised to “Process All Customer Personal Data in Accordance with the Consents, Privacy Police and Staffements, Terms of Service, and Notices Currently in Effect and Have Security Controls in Place Designed to Protect Such Data.”