–they're blowing it up. whys?-
23&Me is collapsing: turns out, all that precious DNA data is worthless.
Anne Wojcicki, late Susan Wojcicki’s sister, ex-wife of Sergei Brin, who is ex-husband of Nicole Shanahan, who is RFK Jr’s VP pick. It’s not complicated at all.
In what feels like a desperate attempt to stay afloat, 23andMe plans to… start prescribing weight loss drugs. How did we get here, with the once-mighty DNA testing company becoming just the latest to join the GLP-1 trend, like so many others have already done? Even the company seems lukewarm about the move, with its execs giving the weight loss play little more than a mention on the company’s recent earnings call. (It's also a strategy that's not without trade-offs: Earlier this month, WeightWatchers said the cost of attracting new prescription drug customers is soaring because of all the competition in the space.)But 23andMe has few cards left to play. Once valued at $6 billion, it’s now a penny stock on the verge of being delisted from the Nasdaq. It’s struggled to stoke demand for its DNA spit tests, and its attempts to use its trove of genetic data for drug discovery and development have been predictably expensive, with potential profits a long way off.
seems digworthy.