Anne Wojcicki quits as 23andMe files for Chapter 11 bankruptcy
1. 23andMe filed for Chapter 11 bankruptcy and CEO resigned. 2. Company seeks buyer while continuing operations amidst financial woes. 3. Incurred $2.3 billion debt and faced class-action lawsuit settlements. 4. Failed privatization attempts highlight deep operational challenges. 5. Company previously valued at $6 billion but never turned a profit.