Press release
Investigation announced for Investors who lost money with shares of 23andMe Holding Co. (NASDAQ: ME)
An investigation for investors in 23andMe Holding Co. (NASDAQ: ME) shares over potential securities laws violations by 23andMe.
Investors who purchased shares of 23andMe Holding Co. (NASDAQ: ME), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of 23andMe Holding Co. (NASDAQ: ME) concerning whether a series of statements by 23andMe Holding Co. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based 23andMe Holding Co. operates as a consumer genetics testing company. 23andMe Holding Co. reported that its Total Revenue rose from $271.89 million for the 12 months that ended on March 31, 2022, to $299.48 million for the 12 months that ended on March 31, 2023, and that Net Loss increased from $217.49 million for the 12 months that ended on March 31, 2022 to $311.65 for the 12 months that ended on March 31, 2023.
In October 2023 23andMe Holding Co. disclosed that hackers had obtained some users' data, but stopped short of calling the incident a data breach. It was later revealed that the breach reportedly affected 6.9 million individuals in total.
Share of 23andMe Holding Co. (NASDAQ: ME) declined from $3.13 per share in December 2022 to as low as $0.61 per share in October 2023.
Those who purchased shares of 23andMe Holding Co. (NASDAQ: ME) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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