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☆ 23andMe reports sales decline day after announcing plans to cut 40% of workforce
▼ + stars: | 2024-11-12 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

23andMe on Tuesday reported declining revenue in its most recent quarter, a day after the company said it will cut 40% of its workforce and shutter its therapeutics business as part of a business restructuring plan. The genetics company reported $44.1 million in revenue for the fiscal second quarter, down from $50 million in the same period last year. 23andMe's net loss narrowed to $59.1 million, or a $2.32 per share, from $75.27 million, or $3.17 per share, a year ago. It's evaluating strategic options like asset sales and licensing agreements to "maximize the value" of the therapeutic programs, the release said. Wojcicki has repeatedly stated her intention to take 23andMe private, though she didn't address the plans on Tuesday.

Persons: Anne Wojcicki, They've, 23andMe, Wojcicki Organizations: Nasdaq, NASDAQ, SEC

☆ 23andMe cuts 40% of its workforce, discontinues all therapy programs
▼ + stars: | 2024-11-11 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

CNN —Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. “We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer business and research partnerships,” said CEO Anne Wojcicki. The company said it is evaluating strategic alternatives, including licensing agreements and asset sales, for its therapies in development. In July, the CEO and co-founder proposed to acquire all outstanding shares of the firm not already owned by her or her affiliates for 40 cents each. After Monday’s restructuring plan, the company expects annualized cost savings of more than $35 million.

Persons: 23andMe, ”, Anne Wojcicki Organizations: CNN

☆ 23andMe appoints new board members as it works to stem the company's slide
▼ + stars: | 2024-10-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

23andMe said it appointed three new independent directors to its board on Monday. Advertisement23andMe has appointed three new independent directors to its board following the mass resignation of all seven of its previous members last month. The seven previous board members resigned in September in a letter addressed to Wojcicki, citing the company's direction. Wojcicki shared a proposal to take 23andMe private in a July SEC filing, which was reviewed by a special committee formed by the board of directors. The special committee responded less than a week later, writing they were "disappointed" in the proposal.

Persons: 23andMe, —, Andre Fernandez, Mark Jensen, Jim Frankola, Fernandez, Jensen, Frankola, Anne Wojcicki, Kimberly White, Wojcicki Organizations: Service, SEC, Deloitte, 23andMe Board, Company, Business Locations: American

☆ 23andMe appoints three new board members following abrupt resignations
▼ + stars: | 2024-10-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

23andMe appointed three new independent directors to its board, the company announced Tuesday, one month after all seven of its previous directors abrubtly resigned. Fernandez, Frankola and Jensen will all serve on the board's audit committee and compensation committee, the company said. The company's stock was trading around $5 on Tuesday morning. To help 23andMe explore potential paths forward, the previous independent directors on the company's board formed a special committee in late March. In the weeks following the board members' departures, Wojcicki has repeatedly said she remains committed to taking the company private.

Persons: Anne Wojcicki, Kelly Sullivan, 23andMe, abrubtly, Andre Fernandez, Jim Frankola, Mark Jensen, Fernandez, Frankola, Jensen, Wojcicki Organizations: Deloitte, 23andMe Board, Company Locations: ATHERTON , CALIFORNIA, Atherton , California

☆ The rise and fall of 23andMe
▼ + stars: | 2024-10-20 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

2024: Wojcicki responds to consumer concernsWojcicki said she would not consider "third-party takeover proposals." Steve Jennings/Getty Images for TechCrunchThe company's reputation took another hit in September when an SEC filing said Wojcicki "would be open to considering third-party takeover proposals." "Accordingly, in order to update my prior statement and avoid any confusion in the market, I am no longer open to considering third-party takeover proposals for the Issuer." The Atlantic reported that the sale of 23andMe could also mean the potential sale of user data. A 23andMe spokesperson told BI that Wojcicki "has publicly shared she intends to take the company private, and is not open to considering third-party takeover proposals."

Persons: Wojcicki, Steve Jennings, Wojcicki's, Anne Organizations: Getty, SEC, Electronic Frontier Foundation

☆ Kamala Harris says this lesson from her mom shaped her career—why parenting experts say it’s essential for success
▼ + stars: | 2024-10-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Teaching your kids how to be self-sufficient, especially in a conflict, can help them gain confidence and increase their likelihood of success, experts say. "Every time I came home with a problem, the first thing my mother would do … [is ask] 'What did you do?'" "When you trust kids to make their own decisions, they start to feel more engaged, confident and empowered. Another way to build agency and confidence: encouraging your kids to stand up for what they believe in. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Kamala Harris, Shyamala Gopalan Harris, Harris, Alex Cooper, Esther Wojcicki Organizations: CNBC

☆ 23andMe users are worried about what might happen to their data. Here's what the company says.
▼ + stars: | 2024-10-11 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Some have called for users to delete data out of concern policies may change with new ownership. AdvertisementThe future of 23andMe is uncertain, and so is the fate of the data it has collected from millions of users. Business Insider asked the company itself, and a 23andMe spokesperson directed us to its privacy statement. The spokesperson added that 23andMe's privacy statement would apply "unless and until customers are presented with a new privacy statement by a new entity." In a different post, Eva Galperin, director of cybersecurity at Electronic Frontier Foundation, recommended 23andMe users request that their data be deleted.

Persons: —, Anne Wojcicki, she's, 23andMe, Anne, you've, Eva Galperin, it's Organizations: Service, Business, Electronic Frontier Foundation Locations: 23andMe

☆ 23andMe is floundering. Here is how to delete your data.
▼ + stars: | 2024-10-06 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

Here is how to delete your 23andMe data. A data breach notification filing in January said it took 23andMe five months to realize hackers had stolen the data. Here's how to ask 23andMe to delete your dataUsers who want their personal information removed from 23andMe can opt-out in the "23andMe Data" section in Account Settings. For users who participated in 23andMe Research, their genetic data and self-reported information won't be used in future research projects. "Deleting an account and associated data will permanently delete the data associated with all profiles within the account.

Persons: —, 23andMe, 23andMe's, Anne Wojcicki, Steve Jennings, Wojcicki, James Hazel Organizations: Service, 23andMe, Reuters, Company, Getty, Street Journal, SEC, Electronic Frontier Foundation, Research Locations: Crunchbase

☆ What happened to 23andMe?
▼ + stars: | 2024-09-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Takes the company public. 23andMe went public in 2021, jumping on the SPAC trend of the era, when a bunch of companies went public via “special purpose acquisition companies” — essentially shell-company mergers that let firms go public in a hurry when investor appetite is strong. 23andMe co-founder and CEO Anne Wojcicki, pictured in 2020. Side note: I did my own 23andMe test, in 2019, motivated by a millennial compulsion to spend money on any product that promises to alleviate and/or deepen my corporeal angst. 23andMe has tried to convert one-time buyers into subscribers with the promise of continued feedback and personalized wellness plans.

Persons: CNN Business ’, it’d, Anne Wojcicki, ”, It’s, Susan Wojcicki, 23andMe, Emma McIntyre, Oprah’s, there’s …, Wojcicki, “ Organizations: CNN Business, New York CNN, Yale, Google, Wall Street, Wall Street Journal Locations: New York, Bay

☆ Read the memo 23andMe's cofounder sent to staff after the entire board quit
▼ + stars: | 2024-09-19 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

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

☆ 23andMe CEO Anne Wojcicki 'surprised and disappointed' by board resignations: Read the memo
▼ + stars: | 2024-09-17 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

All seven independent directors of 23andMe resigned from the company's board Tuesday, a move that CEO Anne Wojcicki said left her "surprised and disappointed," according to a memo to employees. Wojcicki, who co-founded 23andMe in 2006, said she remains committed to taking the company private. Wojcicki wrote in the employee memo, which was viewed by CNBC, that she still sees taking 23andMe private as its "best opportunity for long term success." The company will begin a search for new independent directors to join the board, she added. AnneWATCH: 23andMe CEO files to take company private

Persons: Anne Wojcicki, 23andMe, Wojcicki, Here's, Anne Organizations: 23andme Inc, Southwest, CNBC, 23andMe, Board Locations: Austin , Texas

☆ Susan Wojcicki, YouTube CEO, died at 56 from a type of lung cancer that is often diagnosed late
▼ + stars: | 2024-08-12 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

Susan Wojcicki, the former CEO of YouTube, died at 56 from non-small cell lung cancer (NSCLC). NSCLC accounts for 85% of all lung cancer cases, many of which are diagnosed late. Go to newsletter preferences Thanks for signing up! AdvertisementSusan Wojcicki, the former CEO of YouTube, died from lung cancer on Friday. In a Facebook post, her husband, Dennis Troper, said that Wojcicki died "after 2 years of living with non small cell lung cancer."

Persons: Susan Wojcicki, —, Dennis Troper, Wojcicki Organizations: YouTube, Service, Business

☆ Former YouTube CEO Susan Wojcicki dies at 56 of lung cancer
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

YouTube’s former chief executive and long-time Google executive Susan Wojcicki died on Saturday at the age of 56 after a two-year battle with lung cancer. “It is with profound sadness that I share the news of Susan Wojcicki passing. Before becoming CEO of YouTube in 2014, Wojcicki was senior vice president for ad products at Google. After nine years at the helm, Wojcicki stepped down from her role at YouTube in 2023 to focus on “family, health, and personal projects”. “Today we at YouTube lost a teammate, mentor, and friend, Susan Wojcicki,” Mohan said in a post on X.

Persons: YouTube’s, Susan Wojcicki, ” Dennis Troper, Susan, Sundar Pichai, Wojcicki, Neal Mohan, Larry, Sergey, ” Wojcicki, Larry Page, Sergey Brin, ” Mohan Organizations: Google, YouTube, Stanford

☆ Former YouTube CEO and Silicon Valley trailblazer Susan Wojcicki has died at age 56
▼ + stars: | 2024-08-10 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

CEO Youtube Susan Wojcicki speaks during the 'What Matters Next' session during the Cannes Lions Festival 2018 on June 19, 2018 in Cannes, France. Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night. Wojcicki's husband Dennis Troper wrote on Facebook early Friday night, "It is with profound sadness that I share the news of Susan Wojcicki passing. Pichai confirmed the death and cancer condition in a post on social media Friday, writing that he was "unbelievably saddened" by the loss. During Wojcicki's tenure as YouTube CEO, she oversaw the company's rapid expansion, helping turn it into the largest video platform in the world.

Persons: Susan Wojcicki, Dennis Troper, Sundar Pichai, Wojicki, Wojcicki's, Pichai, Sergey …, Susan, she'd, shepherding, Larry Page, Sergey Brin, Brin, Wojcicki, Google's, Patrick Keane, couldn't, Kim Scott, Neal Mohan, Sheryl Sandberg, @SusanWojcicki, Jeff Dean Organizations: Cannes Lions, YouTube, Facebook, Google, Intel Locations: Cannes, France, Silicon Valley, Park , California

Susan Wojcicki, who helped turn Google from a start-up in her garage into an internet juggernaut and became one of Silicon Valley’s most prominent female executives with her leadership of YouTube, died on Friday. Her death was confirmed by her husband, Dennis Troper, who wrote on Facebook on Friday that she had been living with lung cancer. A YouTube spokesman confirmed the date of her death. Sundar Pichai, Google’s chief executive, announced her death in a statement on Friday. “She is as core to the history of Google as anyone, and it’s hard to imagine the world without her,” he said.

Persons: Susan Wojcicki, Dennis Troper, Sundar Pichai, ” Organizations: Google, YouTube, Facebook

☆ Susan Wojcicki, former YouTube CEO, dies
▼ + stars: | 2024-08-10 | by ( Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —Former YouTube CEO Susan Wojcicki has died after living with lung cancer for two years, according to her husband. “It is with profound sadness that I share the news of Susan Wojcicki passing. My beloved wife of 26 years and mother to our five children left us today after 2 years of living with non-small cell lung cancer,” Dennis Troper wrote in a Facebook post. “Please keep our family in your thoughts as we navigate this difficult time.”Google CEO Sundar Pichai expressed condolences in a post on X early Saturday, calling Wojcicki the “core” to Google’s history. “I’m so proud of everything we’ve achieved,” Wojcicki wrote when announcing she was stepping down in 2023.

Persons: Susan Wojcicki, ” Dennis Troper, Troper, Wojcicki, “, ”, ” Troper, Sundar Pichai, we’ve, ” Wojcicki Organizations: CNN, YouTube, Google Locations: California

☆ 23andMe CEO Anne Wojcicki files proposal to take company private as stock craters
▼ + stars: | 2024-07-31 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

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

☆ Mom of 18-year-old with a doctorate shares her 4 non-negotiable parenting rules: 'How can they be the best versions of themselves?'
▼ + stars: | 2024-06-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Jimalita Tillman knew her daughter Dorothy Jean was gifted at a very young age. Home-schooled from age 7, Dorothy Jean took high school-level courses a year later and earned her first college diploma, an associate's degree, at age 10. She added a bachelor's degree at age 12 and an environmental science master's degree two years later, both online. Last year, at just 17 years old, Dorothy Jean earned a doctoral degree in integrated behavioral health from Arizona State University. Watching Dorothy Jean accomplish so much at a young age has been "humbling," her mother tells CNBC Make It.

Persons: Jimalita Tillman, Dorothy Jean, Dorothy, Tillman, they'll, Esther Wojcicki, Cindy Graham, Graham, HuffPost, Michele Borba, That's Organizations: Arizona State University, Leadership Institute, CNBC, Bills Locations: Chicago

☆ Alphabet taps Eli Lilly's Anat Ashkenazi as new CFO
▼ + stars: | 2024-06-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Eli Lilly CFO Anat Ashkenazi will become Alphabet's new chief financial officer effective July 31, Google's parent company announced Tuesday, almost a year after Alphabet first announced current CFO Ruth Porat would move to a new role as president and chief investment officer. Ashkenazi has had a 23-year career at Eli Lilly, which in a separate release confirmed her departure. Ashkenazi joined Eli Lilly in 2001 and had been CFO since 2021. She previously served as a CFO for several of the company's global business areas, helping to manage the revenue windfall from Eli Lilly's weight loss and diabetes drugs. Porat had nearly three-decade career as as an investment banker at Morgan Stanley, culminating as its CFO, before joining Google in 2015.

Persons: Eli Lilly, Anat Ashkenazi, Ruth Porat, Ashkenazi, Sundar Pichai, Eli Lilly's, Porat, Morgan Stanley, Philipp Schindler, Prabhakar Raghavan, Thomas Kurian, Susan Wojcicki, Robert Kyncl, Geoffrey Hinton, — CNBC's Jenn Elias, Annika Kim Constantino Organizations: Google, CNBC, YouTube

☆ How Google CEO Sundar Pichai shook up his leadership team for the AI era
▼ + stars: | 2024-05-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +11 min

It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.

Persons: —, Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium

☆ Poppy Harlow announces she will exit CNN after nearly two decades
▼ + stars: | 2024-04-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —Poppy Harlow, the longtime CNN anchor who most recently co-helmed “CNN This Morning,” announced Friday that she will exit the network. “The nearly two decades since have been a gift,” Harlow wrote in an email to colleagues. Jeremy FreemanThompson, after taking over from Licht, announced in February that he would reconfigure CNN’s morning lineup. CNN engaged in discussions with Harlow, but ultimately she decided to exit the network. ), and to support the evolution of journalism in every way I can, while preserving the human(ity) in it,” Harlow wrote.

Persons: Poppy Harlow, ”, ” Harlow, “, ” Mark Thompson, Harlow, ” Poppy Harlow, Mike Coppola, CNN “ She’s, ” Thompson, Warren Buffet, Mark Zuckerberg, Melinda Gates, Susan Wojcicki, Jamie Dimon, Chris Licht, Kaitlan Collins, Don Lemon, Lemon, Collins, Jeremy Freeman Thompson, Kasie Hunt Organizations: CNN, American Museum of, Boston Marathon, Washington , D.C, Harlow Locations: New York City, Paris, Licht, Washington ,

☆ 23andMe's business is basically worthless. Its CEO now wants to buy it.
▼ + stars: | 2024-04-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

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 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

☆ 8 of the best looks at the 'Oscars of Science,' where tech execs like Elon Musk mingled with Kim Kardashian and other stars
▼ + stars: | 2024-04-15 | by ( Maria Noyen | Amanda Krause | ) www.businessinsider.com time to read: +1 min

The Breakthrough Prize Awards were hosted in Los Angeles on Saturday. Nicknamed the "Oscars of Science," the ceremony brought together an array of famous faces. From Kim Kardashian to Elon Musk, here's a look at eight of the best-dressed attendees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Breakthrough Prize Awards, dubbed the "Oscars of Science," took place in Los Angeles on Saturday.

Persons: Kim Kardashian, Elon Musk, —, Mark Zuckerberg, Sergey Brin, Anne Wojcicki, Carl H Organizations: Service, Business Locations: Los Angeles

☆ Parents who raise successful, resilient kids never do these 5 things, experts say
▼ + stars: | 2024-04-05 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Here are five things parents should try to never do if they want to raise successful, resilient kids, according to psychologists and other parenting experts. Resilient children typically have the confidence to bounce back from failures and continue taking necessary, calculated risks, research shows. "The more you trust your children to do things on their own, the more empowered they'll be," she wrote. "The most accomplished people reached their goals by failing along the way," wrote Morin. Kids learn more, and remember what they learn, when they're actively curious, research shows.

Persons: Esther Wojcicki, Wojcicki, they'll, Amy Morin, Morin, Steer, Michele Borba, we've, —, they're, Kumar Mehta, Aliza Pressman, Pressman Organizations: CNBC, Sinai Parenting Center

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