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News@lemmy.world · 10 months ago

23andMe is low on cash and its stock is worth pennies. The CEO wants another chance | CNN Business

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23andMe is low on cash and its stock is worth pennies. The CEO wants another chance | CNN Business

JustAManOnAToilet@lemmy.world to

News@lemmy.world · 10 months ago

Just three years ago, DNA testing company 23andMe was the golden child of Wall Street and Main Street. Today, the company is struggling to remain listed on the Nasdaq.

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doctorcrimson
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10 months ago
Honestly, even with really shitty notoreity and legal troubles, stock prices don’t reach pennies without gross mismanagement of shares and offers.

Or have they just been unprofitable every quarter for years?

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