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Just three years ago, DNA testing company 23andMe was the golden child of Wall Street and Main Street. Today, the company is struggling to remain listed on the Nasdaq.
Doesn’t help that they immediately updated their user agreement to avoid responsibility. Nothing says give our product a chance like that.
Honestly, even with really shitty notoreity and legal troubles, stock prices don’t reach pennies without gross mismanagement of shares and offers.
Or have they just been unprofitable every quarter for years?