23andMe Stock Plunges on Multiple Challenges
ByAinvest
Friday, Feb 2, 2024 11:15 am ET1min read
ME--
23andMe stock is declining as the company faces multiple challenges such as financial losses, hacks breaching customer data and lawsuits [1],[2],[5]. Its market valuation collapsed from $6 billion to $345 million as the share price kept falling [1]. The company also saw failed expansion plans into new areas like telehealth [2].
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