4 ms·
23andme is a public company and seems to already be headed towards bankruptcy. Their share price has fallen by 93% since going public, and they’re burning some
by fairity 3y ago
23andme is a public company and seems to already be headed towards bankruptcy. Their share price has fallen by 93% since going public, and they’re burning something like $400m per year on $240m of revenue. I wonder if this incident will be the nail in the coffin.
- nemacol 3y agoWill be interesting to see what ends up buying up their assets.
- andromeduck 3y agoOh man I wish knew sooner & shorted when they IPOed. Their employees are some of the laziest, most incompetent people I've met and I've yet to hear of a positive interaction with them in a businesses/research/engineering capacity.