23andMe on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey’s annual list of favourite things just eight years ago.
The biotech unicorn has seen a sharp fall in its market value since then. On Monday, its shares fell 46 per cent to 96 cents after co-founder and CEO Anne Wojcicki, who made multiple failed takeover bids, also resigned.
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