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Why 23andMe Failed

Wall Street Millennial | April 17, 2026



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In this video we look at the rise and fall of the DNA testing company 23andMe.

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0:00 – 2:26 Intro
2:27 – 6:09 Early Days
6:10 – 7:39 Controversies
7:40 – 8:13 Saturation
8:14 – 10:47 Capital Raises
10:48 – 13:13 Board Resigns
13:14 Game Over

Written by Wall Street Millennial

Comments

This post currently has 20 comments.

  1. @sanisin88

    April 17, 2026 at 8:19 am

    They would fraudulently claim that people were 2% black in their customer paud DNA analysis when it was untrue. All for some specious social justice reasoning. I wouldn't trust them about anything.

  2. @Dude-etiquette

    April 17, 2026 at 8:19 am

    The value in the company is the data that they get,l and the ability for them to sell that data. that’s what people don’t realise, it’s not like they delete your DNA data after they send to you

  3. @heribertfassbender5759

    April 17, 2026 at 8:19 am

    So, she built the company with one of the most influental men in Silicon Valley at that time as husband, everyone chipped in in the funding rounds, because of the connection and then she ran the business into the ground. And now, after selling shares at the huge evaluation days, she wants to buy back the company … Well she really did it herself.

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