23andMe files for bankruptcy, Anne Wojcicki steps down as CEO
1. 23andMe filed for Chapter 11 bankruptcy protection in Missouri. 2. CEO Anne Wojcicki resigned but remains on the board. 3. Stock value dropped from $6 billion to under $50 million. 4. Privacy concerns worsened after a hack affecting 7 million customers. 5. A 45-day process to solicit bids for assets is planned.