23andMe cofounder says company 'lost its way' without 'proper governance'
1. 23andMe filed for Chapter 11 bankruptcy due to governance issues. 2. Former CEO Wojcicki resigned, raising concerns about future leadership. 3. Cofounder Avey criticized the company for lack of product development. 4. 23andMe will pursue a court-supervised sale process for restructuring. 5. Over 14 million customers' data is at risk due to security breaches.