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Gulp Data Estimates 23andMe's Data Assets to Be Worth $289 Million Amid Bankruptcy Concerns

1. Gulp Data values 23andMe's data assets at approximately $289 million. 2. Valuation raises concerns over 23andMe's financial struggles impacting its genetic database.

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FAQ

Why Bearish?

23andMe's financial struggles are concerning, similar to past biotech downturns impacting stock prices.

How important is it?

The data asset valuation indicates significant underlying issues, likely impacting investor perceptions.

Why Short Term?

Immediate confidence in 23andMe may wane, affecting stock price quickly based on valuation concerns.

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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Gulp Data, a leader in data valuation and collateralization, estimates that the market comparable value of 23andMe's data assets is approximately $289 million. This valuation comes as concerns mount over the fate of the company's vast genetic database following its financial struggles. 23andMe, a pioneer in consumer genetic testing, has built an extensive dataset containing valuable genomic and health-related information. However, as recent reports highli.

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