Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "23andMe's"


9 mentions found


23andMe faces Nasdaq delisting
  + stars: | 2024-09-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email23andMe faces Nasdaq delistingCNBC's Deidre Bosa joins 'Money Movers' to discuss the latest updates on 23andMe's, following the exodus of several independent board members.
Persons: Bosa
23andMe's board resigned over a 'distracting difference of view' with cofounder Anne Wojcicki. The board rejected an earlier proposal by Wojcicki to take the company private. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement23andMe's entire board of directors resigned from the company over cofounder and CEO Anne Wojcicki's ongoing plans to take it private.
Persons: 23andMe's, Anne Wojcicki, Wojcicki, , Anne Wojcicki's Organizations: Service, Business
Anne Wojcicki, CEO of 23andMe , has submitted a proposal to take the genetic testing company private as its stock price continues to hover below $1. The proposed price of 40 cents per share reflects an 11% premium to 23andMe's closing stock price from April. 23andMe went public in 2021 via a merger with a special purpose acquisition company, which valued the company at around $3.5 billion. In November, the company received a deficiency letter from the Nasdaq Listing Qualifications Department, which said the company had 180 days to bring its share price back above $1. The Special Committee will need to approve or reject Wojcicki's proposal to take the company private, according to the filing Wednesday.
Persons: Anne Wojcicki, Wojcicki, 23andMe Organizations: U.S . Securities, Exchange Commission, Nasdaq, Department Locations: Sunnyvale , California
23andMe CEO Anne Wojcicki considers taking company private
  + stars: | 2024-04-18 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +2 min
Anne Wojcicki, the CEO of 23andMe , is considering a proposal to take the genetic testing company private after its stock price tumbled more than 95% from its 2021 highs. She "wishes to maintain control" of the company and will "not be willing to support any alternative transaction," the filing said. 23andMe went public in 2021 via a merger with a special purpose acquisition company, which valued the company at around $3.5 billion. The company's board of directors formed a "Special Committee" in late March to help explore options that could juice the stock. "The Special Committee is committed to acting in the best interests of 23andMe and its shareholders."
Persons: Anne Wojcicki, Wojcicki, 23andMe, Wells Organizations: Securities and Exchange Commission, Nasdaq, Department Locations: Wells Fargo
23andMe cofounder and CEO Anne Wojcicki wants to take the once-hot DNA company private. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement23andMe — the struggling DNA company once valued in the billions — was essentially worthless as of Wednesday. But in a filing late Wednesday, Anne Wojcicki revealed she wants to buy back the company she cofounded in 2006 and take it private. This story is available exclusively to Business Insider subscribers.
Persons: Anne Wojcicki, 23andMe, , Wojcicki Organizations: Service, SEC, Business
23andMe considers splitting up company to revive stock price
  + stars: | 2024-02-08 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +3 min
Shares of 23andMe sank 21% on Thursday, a day after the genetic testing company reported dismal fiscal third-quarter results and discussed splitting itself in two to help juice its stock price. 23andMe reported revenue of $45 million for the quarter, down from the $67 million it reported in the same period last year. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company, a deal that valued the company at around $3.5 billion. The company has launched additional therapeutics and research businesses, but its share price has tumbled more than 95% from its peak. They lowered their target price for the stock to 85 cents from 90 cents.
Persons: 23andMe, Anne Wojcicki, Sergey Brin, Forbes, Joe Selsavage, Selsavage Organizations: TechCrunch, 23andMe, Nasdaq, U.S . Securities, Exchange Commission, CNBC Disruptor, Citi, CNBC PRO Locations: San Francisco , California, 23andMe
Sergey Brin filed for a divorce from his second wife, Nicole Shanahan, in January 2022. Affair allegations about Shanahan and Elon Musk sparked the split, The Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The two met at a yoga retreat in 2015, The Wall Street Journal reported last year. AdvertisementAdvertisementUnder the terms of their divorce, Shanahan and Brin are set to split legal and physical custody of their daughter, now 4.
Persons: Sergey Brin, Nicole Shanahan, Shanahan, Elon Musk, Brin's, Brin, Musk, Tesla, Larry Page, Sergey, Nicole, she'd, Anne Wojcicki Organizations: Street Journal, Service, Street, Echo Foundation, Twitter Locations: Wall, Silicon
A view of the site of the Catoctin Furnace, an iron forge where enslaved people of African descent once worked, in Cunningham Falls State Park in Maryland, U.S., in this undated photograph. The site now also is providing unique insight into African American history thanks to research involving DNA obtained from the remains of 27 individuals buried in a cemetery for enslaved people at Catoctin Furnace. For African American and United States history, revealing these stories and family legacies is important to understanding and acknowledging who we are, where we came from and how we are connected to each other today," Bruwelheide added. Enslaved people of African descent were forced to work in agricultural, industrial and domestic settings in parts of the United States. In a first-of-its-kind analysis, the researchers examined historical DNA alongside genetic testing company 23andMe's personal ancestry database to identify 41,799 Americans related to the 27 individuals, including 2,975 close relatives.
Persons: Aneta, Camp David, Kari Bruwelheide, Bruwelheide, Éadaoin Harney, Andy Kill, enslavers, Kathryn Barca, Barca, Will Dunham, Rosalba O'Brien Organizations: REUTERS, U.S, Smithsonian Institution, Democratic, Smithsonian's National, of, United, Workers, Catoctin, Smithsonian, Thomson Locations: Cunningham Falls, Park, Maryland, U.S, Handout, REUTERS WASHINGTON, Camp, Catoctin, West, Central Africa's, Senegal, Gambia, Angola, Democratic Republic of Congo, Africa, Americas, Washington, United States, Civil
Best Black Friday 2022 deals across retailersBelow, we're sharing the best Black Friday deals based on our previous coverage and reporting. 4.6-star average rating from 71,836 reviews on AmazonCrest 3D Whitestrips are one of the best teeth whitening products you can buy. 4.7-star average rating from 73,237 reviews at TargetOral-B's Pro 1000 electric toothbrush is one of the best models you can buy. 4.7-star average rating from 10,600 on AmazonThis cookware set comes with 8-inch and 10-inch nonstick fry pans. Best Black Friday 2022 sales across retailersHere are the best Black Friday sales that we think you'll want to know about.
Total: 9