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Wajeeh Khan

23andMe Just Filed for Bankruptcy and Shares of the DNA Kit Company Are Plunging. Is There Any Hope of a ME Stock Bounce?

23andMe (ME) shares crashed roughly 50% on Monday, March 24 after the personal genomics and biotech firm filed for Chapter 11 bankruptcy in the Eastern District of Missouri. 

The DNA kit company that once commanded a valuation of about $6 billion will now sell its assets and use the proceeds to address its outstanding legal liabilities. 

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