Anonymous ID: dce137 Sept. 18, 2024, 10:12 a.m. No.21616405   🗄️.is 🔗kun   >>6416 >>6536 >>6943 >>7077

Letter from the 23 & me board

 

Dear Anne,

 

We, the independent directors of the 23andMe Board, hereby tender our resignations, effective immediately.

 

After months of work, we have yet to receive from you a fully financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders. We believe the Special Committee and the Board have provided ample time for you to submit such a proposal. That we have not seen any notable progress over the last 5 months leads us to believe no such proposal is forthcoming. The Special Committee is therefore unwilling to consider further extensions, and the Board agrees with the Special Committee’s determination.

 

While we continue to wholeheartedly support the Company’s mission and believe deeply in the value of the personalized health and wellness offering that you have articulated, it is also clear that we differ on the strategic direction for the Company going forward. Because of that difference and because of your concentrated voting power, we believe that it is in the best interests of the Company’s shareholders that we resign from the Board rather than have a protracted and distracting difference of view with you as to the direction of the Company.

 

We are proud of what 23andMe has achieved in pioneering direct access to genetic information, and we have been honored to have had the opportunity to be part of those efforts.

 

Sincerely,

 

/s/

 

Roelof Botha, Patrick Chung, Sandra Hernández, M.D., Neal Mohan, Valerie Montgomery Rice M.D., Richard Scheller, Ph.D., Peter J. Taylor

 

https://investors.23andme.com/node/9921/pdf

Anonymous ID: dce137 Sept. 18, 2024, 11:52 a.m. No.21617017   🗄️.is 🔗kun

>>21616999

I think it has more to do with why she wants to go private, she wants to sell the data. They have already done stuff like allowing LE to use it to find family members of criminals/criminals themselves. It's likely coming that some medical AI systems want the data, then your gonna have insurance comapanies wanting to use it to rate etc etc.