23andMe’s Wojcicki Still Wants to Take Company Private
The CEO said she has not given up on her goal of taking the company private
23andMe CEO Anne Wojcicki said she still wants to take the company private, even after the company's recent struggles. In an interview with CNBC, Wojcicki said that she believes taking the company private would give it more flexibility to invest in long-term projects.
23andMe went public in 2021
23andMe went public in June 2021, raising $2.6 billion in its initial public offering. However, the company's stock price has since fallen by more than 80%, as investors have grown concerned about the company's ability to turn a profit.
Wojcicki has been under pressure from investors to improve the company's financial performance
Wojcicki has been under pressure from investors to improve the company's financial performance. In May, the company announced that it would be laying off 100 employees, or about 14% of its workforce. The company also said that it would be slowing down the pace of its hiring.
Despite the company's struggles, Wojcicki said she is confident in the company's long-term prospects
Despite the company's struggles, Wojcicki said she is confident in the company's long-term prospects. She said that the company is still growing, and that it is making progress in developing new products and services. She said she believes that taking the company private would give it more flexibility to invest in these long-term projects.
Conclusion: 23andMe’s Wojcicki Says She Still Wants to Take Company Private
Anne Wojcicki, the CEO of 23andMe, said she still wants to take the company private despite its recent struggles. Wojcicki said that she believes taking the company private would give it more flexibility to invest in long-term projects.
23andMe went public in 2021, but its stock price has since fallen by more than 80%. The company has been under pressure from investors to improve its financial performance.
Despite the company's struggles, Wojcicki said she is confident in the company's long-term prospects. She said that the company is still growing and that it is making progress in developing new products and services.
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