{
23andMe Holding Co.

Companies

}
video telemedicine market poised for rapid growth driven by chronic disease rise
The video telemedicine market is projected to grow from $2.51 billion in 2023 to $5.67 billion by 2028, driven by the rise in chronic diseases and advancements in technology. Key players include Teladoc Health and Cisco Systems, with North America leading the market. Enhanced cybersecurity and personalized solutions are emerging trends shaping the industry's future.
openPR.com
Sony Corporation American Well Corporation Visionflex Pty Limited Talkspace, Inc. MDLIVE Inc HealthTap Inc GlobalMed Inc. Vidyo Inc. Cisco Systems Inc Vermont Telephone Company Inc. Doximity, Inc. Techmedic International B.V. AMD Global Telemedicine Inc. eVisit Inc. CirrusMD Inc. MeMD LLC Siemens Healthineers AG Logitech International S.A. 98point6 Technologies Inc. Teladoc Health Inc 23andMe Holding Co. Vonage Holdings Corp. Sesame Inc PlushCare Inc LifeSize Communications Inc Huawei Technologies CO Ltd. Chez la Representation Fiscale GoodRx Holdings, Inc. AcBel Polytech Inc. VSee Lab Inc. Show more
Healthcare, Market Report
08:44 04.12.2024
23andMe reports revenue decline and plans major workforce cuts
23andMe reported a revenue decline to $44.1 million for the fiscal second quarter, down from $50 million last year, alongside a net loss of $59.1 million. The company plans to cut 40% of its workforce, discontinue its therapeutics business, and is exploring strategic options to maximize value. CEO Anne Wojcicki aims to refocus on the core consumer business while considering taking the company private.
CNBC
23andMe Holding Co. USA Anne Wojcicki
Finance & Economy, News Article
18:52 12.11.2024
financial crisis at 23andme raises concerns over customer dna data security
23andMe faces potential bankruptcy, raising concerns over the fate of customer DNA data, particularly for Swiss users, where genetic data is generally well protected. Despite claims of data security, the company’s policies allow for data sale during acquisitions, and past breaches have compromised sensitive information. With a significant drop in value and management turmoil, the future of 23andMe and its handling of genetic data remains uncertain.
Tages-Anzeiger
United States Dollar Google Inc. 23andMe Holding Co. GSK plc CHE USA Larry Page Rupert Murdoch Sergey Brin Craig Venter Anne Wojcicki Show more
Finance & Economy, News Article
12:19 04.11.2024
23andMe appoints new directors after board resignations amid strategic disagreements
23andMe has appointed three new independent directors—Andre Fernandez, Jim Frankola, and Mark Jensen—following the abrupt resignation of all seven previous directors due to disagreements over the company's strategic direction. The new board members will serve on the audit and compensation committees, with Jensen as the lead independent director. The company has faced challenges since going public in 2021, including a significant drop in stock value, prompting discussions about taking the company private.
CNBC
Cloudera Inc. Deloitte 23andMe Holding Co. WeWork Inc. USA Jim Frankola Andre Fernandez Mark Jensen Anne Wojcicki Show more
Finance & Economy, Press Release
16:54 29.10.2024
23andMe faces delisting as value plummets and board resigns
23andMe, once valued at $6 billion, has seen its worth plummet by 98% and is at risk of being delisted from Nasdaq after the resignation of all independent board members. The company, which aimed to innovate genetic testing and drug discovery, reported a $312 million net loss in 2023, compounded by privacy concerns following a data breach affecting nearly 7 million customers. CEO Anne Wojcicki's proposal to take the company private was rejected, and with a looming deadline to maintain its share price above $1, 23andMe faces significant challenges ahead.
CNBC
United States Dollar 23andMe Holding Co. Ancestry.com Inc. USA Anne Wojcicki
Finance & Economy, News Article
14:30 23.10.2024
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