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23andMe has been quietly exploring a possible sale of its telehealth business, Lemonaid

1. 23andMe is exploring a sale of its telehealth business, Lemonaid. 2. Company's stock price has significantly declined since the 2023 data breach. 3. 23andMe's valuation fell from $3.5 billion in 2021 to $91 million now. 4. Settlement of a $30 million class-action lawsuit reduced financial stability. 5. CEO Anne Wojcicki's private buyout attempts have faced board resistance.

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FAQ

Why Very Bearish?

The ongoing challenges, including a massive data breach and failed buyout attempts, undermine 23andMe's financial stability and investor confidence, similar to other companies facing significant legal and operational woes.

How important is it?

The article discusses critical actions and scenarios that can directly influence 23andMe's financial standing and market perception.

Why Short Term?

Immediate concerns regarding stock stability and business viability indicate potential short-term impacts on price.

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