23andMe co-founder Linda Avey criticized the company’s downfall following its Chapter 11 bankruptcy filing, according to CNBC. Avey posted on the social media platform X that she was frustrated by the direction taken after Anne Wojcicki assumed full control. Avey said 23andMe lost its way due to a lack of consumer-focused innovation and governance, missing a chance to advance personalized health. The company will seek qualified bids over 45 days, pending approval.
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00:00It's Benzinga bringing Wall Street to Main Street. 23andMe co-founder Linda Avey criticized the
00:05company's downfall following its Chapter 11 bankruptcy filing, according to CNBC. Avey
00:10posted on the social media platform X that she was frustrated by the direction taken after Ann
00:14Wojcicki assumed full control. Avey said 23andMe lost its way due to a lack of consumer-focused
00:20innovation and governance, missing a chance to advance personalized health. The company will
00:24seek qualified bids over 45 days pending approval. For all things money, visit Benzinga.com.