23andMe co-founder lashes out at CEO Wojcicki after bankruptcy filing, says board lacked oversight

23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetics testing company that spiraled into Chapter 11 bankruptcy protection this week. Avey helped launch 23andMe in 2006 alongside Paul Cusenza and Anne Wojcicki, who resigned as CEO on Friday. The company went mainstream thanks to its popular at-home DNA testing kits, but struggled in recent years to generate recurring revenue, stand up viable therapeutics and research businesses and assuage privacy concerns. "My time at the company was cut short in 2009, when my co-founder Anne convinced the board that she should run the company," Avey wrote in a post on X. "And I must be honest, I was frustrated with the direction the company took after that point." 23andMe, which reached a peak market cap of about $6 billion, was worth around $14 million as of market close on Wednesday. "Without continued consumer-focused product development, and without governance, 23and ... Read full article.