23andMe independent board directors resign en masse, rebuking Anne Wojcicki's takeover plan

All seven independent directors of 23andMe resigned on Tuesday night, in a stunning rebuke of CEO Anne Wojcicki's efforts to take the genetic testing company private. Zoom in: Among those quitting were longtime VC backers of 23andMe, like Sequoia Capital's Roelof Botha and xFund's Patrick Chung. Catch up quick: 23andMe went public in 2021 via a SPAC formed by Richard Branson's Virgin Group, securing a $3.1 billion valuation. But its shares have since traded down more than 95%, settling yesterday at just 34 cents per share. • Wojcicki offered in...