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After proposing a $30 million settlement for a data breach lawsuit, 23andMe faces board resignations as seven directors, including YouTube CEO Neal Mohan and Sequoia VC Roelof Botha, step down due to differences with CEO Anne Wojcicki regarding a proposal to take the company private. Wojcicki, who controls 49% of votes, had her buyout proposal rejected by a special committee, leading to the company’s current penny stock status at 34 cents per share. Facing potential delisting, Wojcicki aims to find replacement directors and pursue long-term success by taking 23andMe private, known for its ancestry and health kits and in-house drug development.
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