Entire board walks out as 23andMe's CEO Anne Wojcicki stands firm amid turmoil
In a surprising turn of events, the entire board of directors at 23andMe, a DNA testing company based in San Francisco, resigned in September after a contentious month-long dispute regarding co-founder and CEO Anne Wojcicki's plans to take the company private. Following the mass resignations, Wojcicki, who holds 49.75% of the voting rights, is now the sole board member of the company.
The departing board members, including notable figures like YouTube CEO Neal Mohan and Sequoia Capital's Roelof Botha, expressed their ongoing belief in 23andMe's mission to personalize healthcare through genetic data. However, they indicated a fundamental disagreement with Wojcicki's strategic vision for the company's future.
In her first interview with Fortune since the board's resignation, Wojcicki acknowledged the complexities of the situation but expressed confidence in her ability to guide the company through its challenges. The tension between her and the board had escalated over her proposal to take the company private, a move that arose as 23andMe's valuation plummeted from $6 billion in 2021 to under $150 million.
The company's troubles began following its initial public offering (IPO) in 2021, when its stock debuted at $10 (approximately ₹840) per share but has since struggled, dipping to a record low of $0.30 (around ₹25) in 2024. Despite significant efforts, 23andMe has yet to turn a profit, facing declining sales and serious privacy concerns after a major data breach. Additionally, its drug discovery business, which was a financial drain, has been shut down.
Wojcicki's plan to take the company private was initially rejected by the board, who cited the absence of a premium offer for shareholders. The deadlock ultimately led to the board's resignation, despite Wojcicki’s assertion that her voting rights reflect her commitment to the company’s success. "I've always said ever since the very beginning, I don't need to be in charge. There's no ego for me. I care about the vision and the mission," she remarked.
A former leader at 23andMe indicated that the board's departure was not unexpected, shedding light on Wojcicki's leadership style. While publicly charismatic, she has been characterized as stubborn and controlling behind closed doors. Former employees have pointed to her leadership challenges and internal power struggles as significant issues that have surfaced since the company's IPO.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Virat Kohli speaks about bond with Rohit Sharma ahead of MI vs RCB clash
Mumbai: Ahead of the IPL 2025 clash between Mumbai Indians and Royal Challengers Bengaluru, RCB star batter Virat Kohli opened up about his long-standing bond with Rohit Sharma. Despite past media rumours of a rift between the two, Kohli reaffirmed the mutual respect and strong professional relationship they share.
In a conversation on the RCB channel, Kohli said, “Playing alongside someone for such a long time naturally leads to a strong bond, especially when you share so much of your understanding of the game. In the early years, we were constantly learning from each other and growing in our careers simultaneously.”
He further added that over the years, they had built trust and often found themselves on the same page while making decisions in leadership roles. “Reflecting on our long careers, we are both grateful and proud of the journey we've shared. The consistency and memories we’ve built together have been incredibly fulfilling,” he said.
Kohli and Rohit have played crucial roles in Indian cricket’s success over the past 15 years. While rumours of discord often emerged, both have consistently denied them and maintained professionalism on and off the field.
Meanwhile, Mumbai Indians will aim to register their second win of the season as they host RCB at the Wankhede Stadium. Led by Hardik Pandya, MI have so far won just one out of their four matches, while RCB have two victories in three games.
𝐓𝐡𝐞 𝐑𝐎-𝐊𝐎 𝐛𝐨𝐧𝐝! 🫂
— Royal Challengers Bengaluru (@RCBTweets) April 6, 2025
Virat Kohli talks about his equation with Rohit Sharma, and how they’ve bonded over the years and created some wonderful memories! ✨
We’re just a day away from seeing them go up against each other, and we wish them well! 😌👊#PlayBold #ನಮ್ಮRCB… pic.twitter.com/I6GHFHxgEx
