How did 23andMe go bankrupt?
The identical approach chapter was described by Ernest Hemingway in 1926: “Two methods: Step by step, after which out of the blue.”
Since its founding in 2006, the corporate, which aimed to offer customers entry to their genetic info, confronted what appeared like one killing blow after one other: questions of whether or not its enterprise was moral, the Meals and Drug Administration blocking the sale of its checks, and, final yr, a cyberattack by which hackers gained entry to the data of 7 million of its prospects. However, ultimately, it was buyers rising impatient with its enterprise and bidding down its inventory over the previous yr the lastly led 23andMe to file for Chapter 11 safety.
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