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Cathie Wood and Bill Gates Invest In Alleged Fraud

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In this video, we dissect the journey of the biotech company, Ginkgo Bioworks - from its promising inception to its dramatic fallout. Join us as we unpack the circumstances surrounding Ginkgo's $15 billion valuation and subsequent fall, losing over 85% of its stock value, and the accusations of a massive fraud. We shine a light on the company's bold claims to revolutionize various industries and examine whether its impressive revenue growth was a façade masking substantial losses. The story takes a twist as reputable figures like Cathie Wood, Bill Gates, and the hedge fund Viking Global are deceived, prompting us to ask - is Ginkgo Bioworks the largest biotech fraud in US history? Stick around as we unearth the details behind Ginkgo's alleged sophisticated accounting manipulation and the true potential of their lab in Boston, Massachusetts.
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Short report: scorpioncapita...
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#Wallstreetmillennial #biotechnology #fraud
0:00 - 1:23 Intro
1:24 - 5:06 the hype
5:07 - 10:02 Red flags
10:03 - 16:18 The short report
16:19 Ginkgo’s response
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Опубликовано:

18 авг 2024

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Комментарии : 463

@wallstreetmillennial Год назад

Limited time: get 5 free stocks when you sign up to moomoo and deposit $100 and 15 free stocks when you deposit $1,000. Use link j.moomoo.com/00iPZo

@jwenting Год назад

get scammed now, only $1000 initial investment needed!

@MichalCanecky Год назад

Lol moo moo

@internet_userr Год назад

@@jwenting Alleged Fraud

@2pLayHaPpy Год назад

Go figure. Wish we could see the thumbs down on this.

@macaque9612 10 месяцев назад

⁠@@jwentinghow is moomoo a scam?

@Monkechnology Год назад

As a rule of thumb: If you see a "biotech"/biomedical company using techbro jargon and comparing the company to Apple, it's a scam.

@OffGridInvestor Год назад

Izzat you Elizabeth Holmes?

@rayweil9942 11 месяцев назад

I get a shudder down my spine every time I hear a spruik from a person in a black turtleneck.

@Jordan-Ramses 10 месяцев назад

Don't touch anything Cathy Woods invests in.

@danielr951 10 месяцев назад

If you hear this is the Apple if or the Amazon of short the stock

@Theguyinthefez 9 месяцев назад

@@danielr951 Can't short the stock if the founders own 99% of the shares lmao

@carloa877 Год назад

The last time someone said they copied Apple's business model into the bio-tech space, the bosses went to jail for defrauding investors and violating lab ethics and regulations, not to mention endangering patients who took tests from them.

@zaph2580 Год назад

EH: Oh, you mean me? (Low pitch voice) 👁👄👁

@bradenkun Год назад

Theranos 2.0

@AlanTheBeast100 Год назад

Wearing a turtleneck is not "Apple's business model".

@zvxcvxcz Год назад

@@AlanTheBeast100 Of course it is, their business model is to sell an aesthetic, and so of course the turtleneck the keystone of the model.

@AlanTheBeast100 Год назад

@@creativecatalyst777 Pretty meaningless now. Apple is not the co. it was 10 years ago and that was not the co. it was 10 years prior. And so on.

@eoinoconnell185 Год назад

Of course Cathie Wood invested in it 😂

@somethinglikethat2176 Год назад

It's times like this you realise that Credit Suisse is truly gone.

@adrianaadnan9958 Год назад

Hypewoman that's who she is. Hypewoman

@yuglesstube Год назад

Ahh. Question is whether she got out at the top?

@Theguyinthefez 9 месяцев назад

@@adrianaadnan9958 The jim cramer of investing lmao.

@mandelbro777 Год назад

Ginko is low effort ... at least Elizabeth Holmes invested in a black turtleneck.

@httm241 Год назад

Why anyone takes Cathie Wood seriously is an infinite mystery

@harry8912 Год назад

I do. Am I a retard? I believe her vision and I’m 25 if it means anything.

@Chris-oz9qx Год назад

Why do scam artists take scam artists seriously? Capitalism has went from "fake it until you make it" to "fake it until you get caught"

@dougsheldon5560 Год назад

As soon as I heard she studied under Arthur Laffer I headed for the hills.

@j4genius961 Год назад

Have you seen those legs

@benchoflemons398 Год назад

@@j4genius961 mid milf at best

@User_not_found_403 Год назад

Just add AI to their name so Ginkgo can have a 2nd pump and dump scam run... Thanks Cathy!

@jonasbaine3538 Год назад

Machine learning neural network environmentally conscious AI driven, instant 50% stock pump😊

@likemysnopp Год назад

@@tripplefives1402 havent they? Arent Ginko the same company that made the fake meat stuff that bloomberg made a piece on? The lab meat?

@somethinglikethat2176 Год назад

@@jonasbaine3538 don't forget to use disruptive innovation to revolutionise the space.

@nickc1177 Год назад

Did Cathy sell it to you directly? Every investor knows there are risk, they never hit 100% of their investment. Point is, enyone could be fooled.

@LarsLarsen77 2 месяца назад

Their new partnership with Google is an AI push.

@franciscodanconia4324 Год назад

You convinced me at “Kathie Wood invested in it”

@nickc1177 Год назад

She invest in emerging markets, they are higher risk when you do that. Not sure what the hate is about.🤷‍♂️🤦‍♂️

@thequintanashow5058 Год назад

The real news would have been if Cathie Wood had NOT invested in it TBH

@MrNH718 Год назад

She'd be better off just putting everything on Bitcoin honestly

@akimhamlet5092 Год назад

So Ginkgo Bioworks is the Theranos of WeWorks

@kidd32888 Год назад

Well the tech does work. 😂😂

@tuckerbugeater Год назад

@@kidd32888 They also own concentric that is important to detecting the next bioweapon.

@LarsLarsen77 2 месяца назад

@@kidd32888 Yes but I do the same thing in my kitchen. They literally do nothing I can't do at home.

@jpanda79 Год назад

I feel like if it IPOs through a spac is like 95% a scam

@TheNaldiin Год назад

I feel like there's a use case for SPACs but they're for third tier companies, not multi-billion valuations.

@samsonsoturian6013 Год назад

Not always a scam, but there is definitely negative selection. I.E. these are companies big investors are NOT interested in

@tuckerbugeater Год назад

@@TheNaldiin Mostly they're trying to teach investors to think

@apexsynthesis1 Год назад

oh 100%% Especially if its a biotech.

@samsonsoturian6013 Год назад

@apexone some biotechs are legal scams. All you need to do is try to make something that you can sell for money. The scientist may secretly know there's no chance of a marketable product, but will give themselves a nice salary with investor money and do whatever side projects the feel like.

@jjbeatz5025 Год назад

Cathie wood is such an overrated investor. She just got extremely lucky with Tesla.

@TheSushiandme Год назад

Overall, lucky with the pump of 2020

@likemysnopp Год назад

yeah and she didnt take advantage of her luck either.. which proves what a complete moron she is

@Ignisami Год назад

My layperson indication that something isn't quite right with this company comes in the first minute of this video. 'Went public with a SPAC' is a massive red flag to me despite their (SPACs, that is) massive popularity in recent years.

@samsonsoturian6013 Год назад

It wasn't at the time, though

@Ignisami Год назад

@@samsonsoturian6013 Makes it worse, really. Using an *obscure* organizational means to go public without customary disclosures is worse than using *mainstream* organizational means, imo.

@Jordan-Ramses 10 месяцев назад

Spacs are popular with both scammers and fools.

@prodbymorii2058 6 месяцев назад

The second that I hear "went public by merging with a SPAC" it's automatically a joke

@JayRappa Год назад

Once again Cathie Wood got “disrupted” by a company that no one cares for long term

@lunchbox6576 Год назад

Every time Bill gates gets scammed, an angel gets its wings.

@marianhunt8899 11 месяцев назад

He still got more out of it than he put in.

@smileydude12 Год назад

I swear every time I see something about Cathy Wood, its always always about a bad investment. How does she still have credibility at this point?

@hekimhakan3909 6 месяцев назад

😅

@answerman9933 Год назад

I wonder if Credit Suisse was involved at some point. Any failure/fraud usually has Credit Suisse somewhere in the mix. They are like the FOMO poster child of investment banking. And yes, I understand that Credit Suisse is no more. But that does not mean that did not have some hand in this at some point before they went under.

@cc-dtv Год назад

kathie wood? investing in frauds? NEVER ! not saint investergod kathie !

@thestoictraveler1114 Год назад

Your videos are a masterpiece in simplifying complex topics

@trave9893 Год назад

I never trusted this CEO from the first talk I heard🤣 when it sounds too good to be true it probably is.

@ArktosBears Год назад

you can become a millionaire by inversing Cathie Woods

@ArktosBears Год назад

@@tripplefives1402 That's obviously not the point I was making. It was a joke that Cathie is a terrible investor.

@ArktosBears Год назад

@@tripplefives1402 You seem ill informed. Cathie makes money from management fees of her funds + her personal ownership interest in those funds. Look at ARKK performance over the last few weeks. Look at AUM. You seem hyper fixated on some aspect of offloading stock/liquidity, and let me tell you as someone who works in fund management - this isn't a performance concern for most fund managers, only those who invest in very thinly traded small cap stocks (which don't make up much of ARKK). "No investor who owns that many shares can ever realistically expect to convert them all to cash, not even half of it." - This is factually untrue. A large fund manager can't disinvest every at once without taking a big hit, but they can easily do so over the course of a few weeks via block trades, private market transactions, etc. This is assuming they don't invest primarily in super small caps, of course.

@ArktosBears Год назад

@@tripplefives1402 yes, but funds don't need to report their positions on a daily basis. They only publish the full list quarterly. It doesn't take a quarter to wind down a single holding, and even if it did, a single fund selling won't meaningfully impact the price for any large cap stock

@newsystem3667 Год назад

That interview happened almost at exactly the top of their stock price, crazy

@harry8912 Год назад

Their CEO looks like knockoff Pharma Bro Martin Shkreli. And stop bashing Kathy Wood, she’s my gf. 😡

@samsonsoturian6013 Год назад

Shkreli was much more smug and much less professional

@HAILtheGREAT1 Год назад

@@samsonsoturian6013 so I should unsubscribe to Shkerlis channel? Hes an evil genius

@De-Centralized Год назад

According to recently filed 13F's of Q1 2023, the "Big Boys" appear to have purchased MUCH more Ginkgo than they have sold. Just sayin...

@littleturtle5818 Год назад

Bill Gates is not an investment pro, I would not blame him. Cathie Wood is different. She is supposed to know better. First she missed NVDA rally, now this. More importantly, her ARKK has been underperforming QQQ for the past 2 years, 5 years, and since the inception!

@samsonsoturian6013 Год назад

More importantly, he's partial to technology firms and uses a wealth manager for a lot of his money.

@tuckerbugeater Год назад

@@samsonsoturian6013 It's not like he loses. If it fails, it will highlight the need for more government investment in biotech and regulation.

@ericvelasquez1282 Год назад

well ARKK is still 92% up all time so I guess she can hang her hat on that

@joesmith3590 Год назад

@@ericvelasquez1282 underperforming the comparable index with 10x the risk and volatility isn’t a brag.

@joesmith3590 Год назад

@@samsonsoturian6013 bill bought in very early his price is very low. Only cathie and retial paid billion dollar valuations.

@nosharesnogains8505 Год назад

I dont understand how Cathie still has money. Must've really won big with TSLA

@PeteC62 5 месяцев назад

Because her money comes from the fees she charges for losing her customers' money.

@tarekyared4404 Год назад

It is not conclusive, but increaing losses with increaing revenue over multiple quarters back-to-back (3+) is a red flag. Sometimes it is normal for certain types of tech companies, but it should always be a cause for concern unless there is a very good (defensible) and verifiable reason for it.

@hansonlee5847 Год назад

Have a feeling that Bevis and Butthead developed their revenue strategy 😂

@IronicCliche Год назад

"The company's stock price speaks for itself" when the claim is that you've been pumping your stock is essentially admitting the short report is accurate.

@behemoththekitty Год назад

Lying about how advanced their labs are? Comparing itself to Apple? Well this is Theranos 2.0

@loupasternak Год назад

your report so hard hitting, the stonk went UP today

@jakfrost7367 Год назад

COMPANIES IN FANCY FIELDS ....... CATHIE WOOD : say less take my customers money

@johnyossarian9059 Год назад

Rob Schneider should play the CEO if they make a movie out of this mess 😆

@StephenSatire Год назад

“Trick Cathy Woods” not hard to do to someone who has no idea what is going on.

@Heyu7her3 Год назад

Is it trickery atp, or did she actually know? 🤔

@StephenSatire Год назад

@@Heyu7her3 good point!

@joyboy-zx Год назад

Regarding the stock price, this was a risky asset in a bear year (2022), so it's expected to tank. That being said, their business idea was hyped and had potential, but the execution is tough. It may be that they can't pull it off, idk

@sk.n.9302 Год назад

Mostly agree with you, except I think their business model based on precision fermentation has big potential.

@TobiasStarling Год назад

Anyone who says biotech is like software is immediately not to be trusted.

@gregduda6839 Год назад

Hard to believe that Cathie Wood bought more of Ginkgo Bioworks in May 2023

@arunram4900 Год назад

Should I buy the stock??

@salguodrolyat2594 Год назад

She probably wants to buy it up, sort of like Warren buffet with the original Berkshire Hathaway.🤔

@samdds Год назад

Love your content. Can you please put dates on the CNBC portions?

@medes5597 9 месяцев назад

September 17, 2021 for the interview. The other stuff is stock that they found by searching scorpion on cnbcs RU-vid channel and choosing the first result.

@anita.b Год назад

This is literally a scam that I thought about due to industry bottlenecks and then saw that someone was already running it.LMAO

@avayu2289 Год назад

What else is new? In the olden days, a lot of start-ups have gotten away with ideas sans actual execution until the money all actually miraculous hit a delivery exit valuation; however nowadays, the runway is shorter and you gotta fly or crash.

@DC-cj9se Год назад

short seller propaganda, and a collection of unfounded accusations.

@Kjersain Год назад

MIT called out there own graduates 🤣🤣🤣

@ArchieBRO 10 месяцев назад

DNA is my largest holding at 1.67 and I'm adding more. Ya'll are missing out.

@truthbetold444 Год назад

Jason Kelly in interview before the scambusting report: perfect example of "Duper's Delight."

@simplelife3301 Год назад

Interesting how Jason Kelly the CEO of Ginkgo Bioworks has sold 100,000 share blocks of stock on every Wednesday & Thursday of May, June, July and August 2023. Also Barry Canton who is 10% owner of this company has been selling 37,650 blocks of stock on the exact same days as Jason. So over the past 3 months, Jason has sold 3 million shares of this stock. This is starting to smell like another Sam Bankman-Fried operation??

@Chris-ci8vs Год назад

I just looked this up and yeah, Jason Kelly has sold a total over over $37M in shares over the past two years.

@MrMentalpuppy Год назад

The stock price speaks for itself lol

@tuckerbugeater Год назад

value buy

@GM4ThePeople Год назад

I'm getting a bit tired of waiting for Ginkgo's synthetic biology experiments to bear fruit, but am fascinated with their new poo-testing business. Pure brown gold: I hope Jason can be persuaded to release his iron grip on Mr. Hankie & spin it off.

@rightwingsafetysquad9872 Год назад

All this story is missing is Credit Suisse.

@CheapSushi Год назад

These people would create Resident Evil's Umbrella and not care about the consequences.

@Jordandacosta25 Год назад

Cathie Wood, Bill gates? hedge funds? im in

@edition-deluxe Год назад

Don't investors see SPAC and run the other way yet?

@irbose9895 Год назад

One interview with ginko ceo was all I needed to see to avoid this stock like the plague on roids

@claireh.7605 10 месяцев назад

Yeah he doesn’t mention that his organisms die and don’t make any money and the startups go bankrupt.. making impossible burgers is exaggerating how successful they are

@marinolman Год назад

I think they have an interesting platform and versatile business model, but unfortunately it can not scale up quickly enough to be a viable profitable business.

@michaellisi7285 7 месяцев назад

I sure hope the ETF’s I invest in does not choose companies like this 🤣

@JoeRogansGutBiome Год назад

The spinoff are the front companies to bring in new suckered and invest,and buy but once the company runs out of suckered the new current investors lose and they already made all their money while you lose

@javaks Год назад

The way that these other companies prop up Ginkgo Bioworks seems awfully Enron-esque.

@jordangaudio6729 Месяц назад

This aged really well. Subscribed

@timepassages2484 11 месяцев назад

WE DO NOT ALLOW.

@kwisatzhaderach1458 Год назад

Jason's overly confident pitch sounds awfully familiar.

@loucedillo6214 10 месяцев назад

Google seems to think they have a bright future

@joedennehy386 Год назад

Excellent report, subbed

@dougtrvl888 Год назад

You should cover the short position ! Back to 5 dollars 💵 soon !

@gambigaming6721 Год назад

Anytime i hear MIT GRAD with a new company , i always shout scam first.

@paulnewman2778 Год назад

Once again CNBC shows that do zero research on companies they interview

@zdrux Год назад

The bull markets paints over everyone's mistakes.. Kathy's as well, but that's coming to an end. I think more and more of these "superstar investors" about to be shown for what they are.

@jameywc2 Год назад

How many stocks are down like this? Quite a few in this market. I do not agree with this

@mattweger437 Год назад

I think the saddest part of this situation is that currency has lost it's value so fast that you have to scam to innovate since the value it has been given by people with the currency is higher than it's worth

@funnyvidstoday101 Год назад

you don't have to scam at all, why would you

@mattweger437 Год назад

@@funnyvidstoday101 how much do you think that equipment costs?

@zvxcvxcz Год назад

@@mattweger437 Doesn't matter, it's surely a limited liability corporation of some sort, it's not their personal money on the line and investors know there are risks. Obviously there is pressure for them to succeed, but folding and going under is a perfectly viable option rather than running a scam.

@SomeGuy-ws5zj Год назад

as we say here A thief who steals from a thief has a hundred years of forgiveness.

@kafkaesk3449 Год назад

When a CEO compare their company or themselves to Apple, I'm gonna start selling my stocks.

@codelessunlimited7701 Год назад

Carl's Jr used to have a Beyond Meat burgers in my town. They probably stopped because no one's buying a disgusting plant-based beef patties. I think it's a good alternative for vegetarian though, but with very small percent of market, could be the reason they don't have it in the menu anymore.

@tuckerbugeater Год назад

Rising meat prices will help you change your anti-climate action behavior.

@magnumfunnels6165 8 месяцев назад

@@tuckerbugeaterdon’t worry, rednekkk joe biden will take care of it. 🎉💩🤡👍

@sk.n.9302 Год назад

I hear you, but this growing all kinds of products from yeast for customers (precision fermentation) is a potentially really good business. And they are a start up & will have many hiccups. Cathie Wood just bought 7 weeks ago.

@graymars1097 Год назад

This is weird 😂 Ive never seen anything with the name Ginkgo on it that is NOT a scam! 😅 Edit: I'd never believe that Bill Gates or Cathie Wood never knew that this company is shady. They just invest, wo they can take a good profit suring the IPO. But i dont hate them. "ront hate the player, hate the game" is what I believe. Great video W$M as always ❤

@jonathandansem Год назад

😂😂I thought the exact same thing!

@thebritishindian1 Год назад

EA: It’s in the game

@pablot8899 Год назад

Some bewildering ratios here.... Company went public in Sept 2021, based on 2020 financials showing their full year revenue of just $16,000,000 (the $59M total less the suspicious $43M in ¨related party revenue¨). With a net loss that year, a Price/Earnings multiple is irrelevant. Investors understood that this was an early stage growth company, HOWEVER the Price/Revenue ratio was an eye watering 1,000 !?! (Perhaps I made a mistake here, but from the video it seems to me that the original valuation of $15,000,000,000 compared to revenues of just over $15,000,000 = an easy P/R calculation of 1,000. )

@davidbentley4731 9 месяцев назад

Ah Cathy Wood. What a genius investor.

@MegaJuniorJones Год назад

Related party transactions are supposed to be measured at fair market value. If Gingko services fair market value is really $10, but they recognize $100 because they sell inflated prices to related party, then that’s on the CFO and the auditors for not addressing. Only 75% confident on this as it’s how Canadian acctg works and may not be specifically how US GAAP works. I believe this is how IFRS works though.

@samsonsoturian6013 Год назад

Happens to the best and worst of us...

@wtf_usa5597 Год назад

Was Elizabeth Holmes (Theranos) involved with this in any way? 🤔

@hindsightcapital2021 Год назад

Ballie Gifford invested in them too

@Reknaz. Год назад

Ginkgo had higher outside revenues in 2021 and 2022 because of Covid and state funding. Ginkgo was responsible for monitoring covid in airports, schools and some other places. So one can decide wether that’s good or bad. Government definitely spends a lot of money.

@joshwondra9821 11 месяцев назад

It’s crazy to me that this ended up getting so hyped when Celera Genomics already existed for decades. Quest Diagnostics already foresaw this future and bought them, so where is Quest’s 15 billion dollars?

@boomshakalaka8655 Год назад

they didn't fool cathie wood she has a team she hires for each sector of some of the smartest people in the world. If ginko fooled all of them hes a mad scientist genius.

@dimitrishow_D 10 месяцев назад

I love these videos but they also depress me seeing how some make money out of thin air and me struggling because I want to be honest

@AnonymousanonymousA Год назад

I think Ginko has massive potential possibly making Bacteriophage or virophages for things like USA300 etc. Amazing potential

@rally_chronicles Год назад

Sounds like BS

@somethinglikethat2176 Год назад

I put it up there with graphene and fusion. Amazing potential in the future, but probably a terrible investment today.

@tuckerbugeater Год назад

@@rally_chronicles Did you think big gains were going to be obvious?

@molochi Месяц назад

It's funny that they are Foundry of Organics and chose to Market themselves as an Apple, which doesn't actually fabricate anything, rather than tsmc or asml which actually make chips for companies like Apple or Nvidia.

@wetdroidedition2549 Год назад

Now, talk about Moomoo's scam, please!

@boowiebear Год назад

So sick of these vapor companies and tech bro jargon.

@TheSateef 10 месяцев назад

how you got through the whole video without mensioning Elizabeth Homes is amazing

@alhaythum Год назад

So 3 of Motif's guys did not subscribe to their own RU-vid channel 😅

@inyang9162 10 месяцев назад

As a guy who works in the industry and actually has former colleagues over at Ginkgo, its not at all surprising. These biotech valuations are so high and without merit. Also the record of success for biotechs are not great. So much can go fatally wrong during the 2-5yr drug discovery process. Might have better odds on Red at a roulette table..... Plus, the CEO Kelly just comes across as bs artist, young, brash, but, doesn't really say anything.