23andMe's business is basically worthless. Its CEO now wants to buy it.
Anne Wojcicki, the CEO of 23andme, announced plans to buy the company and take it private.
ETIENNE LAURENT/AFP via Getty Images
- 23andMe cofounder and CEO Anne Wojcicki wants to take the once-hot DNA company private.
- 23andMe said a Special Committee would evaluate the proposal in light of other options.
- The company's valuation has tumbled since its stock market debut in 2021.
23andMe — the struggling DNA company once valued in the billions — was essentially worthless as of Wednesday.
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