23andMe Stock Tumbles on Bankruptcy Filing, CEO Resignation
1. 23andMe filed for Chapter 11 bankruptcy, pursuing a court-supervised asset sale. 2. CEO Anne Wojcicki has resigned but plans to participate in the auction. 3. Shares of 23andMe dropped over 40% premarket, opening around $1. 4. The company's market cap has plummeted to below $50 million. 5. Failed attempts to take the company private led to Wojcicki's resignation.