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RE: LeoThread 2024-10-19 03:31

in LeoFinance13 hours ago

The Quick Reversal

Almost as quickly as the takeover speculation began, Wojcicki attempted to quell it. She walked back her initial statement, clarifying that her intention was to take the company private rather than sell it to a third party. However, the damage was already done. The mere suggestion of a potential sale had ignited a firestorm of concern among privacy advocates, customers, and industry observers.

Board Exodus

In a dramatic turn of events following Wojcicki's statements, aLL of 23andMe's independent board members resigned with immediate effect. This mass exodus raised eyebrows and fueled further speculation about the company's future direction and governance.