Cathie Wood and Bill Gates Invest In Alleged Fraud
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- Опубликовано: 27 май 2024
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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.
MIT article: www.technologyreview.com/2021...
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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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Lol moo moo
@@jwenting Alleged Fraud
Go figure. Wish we could see the thumbs down on this.
@@jwentinghow is moomoo a scam?
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.
Izzat you Elizabeth Holmes?
I get a shudder down my spine every time I hear a spruik from a person in a black turtleneck.
Don't touch anything Cathy Woods invests in.
If you hear this is the Apple if or the Amazon of short the stock
@@danielr951 Can't short the stock if the founders own 99% of the shares lmao
Of course Cathie Wood invested in it 😂
It's times like this you realise that Credit Suisse is truly gone.
Hypewoman that's who she is. Hypewoman
Ahh. Question is whether she got out at the top?
@@adrianaadnan9958 The jim cramer of investing lmao.
Just add AI to their name so Ginkgo can have a 2nd pump and dump scam run... Thanks Cathy!
Machine learning neural network environmentally conscious AI driven, instant 50% stock pump😊
@@tripplefives1402 havent they? Arent Ginko the same company that made the fake meat stuff that bloomberg made a piece on? The lab meat?
@@jonasbaine3538 don't forget to use disruptive innovation to revolutionise the space.
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.
Their new partnership with Google is an AI push.
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.
EH: Oh, you mean me? (Low pitch voice) 👁👄👁
Theranos 2.0
Wearing a turtleneck is not "Apple's business model".
@@AlanTheBeast100 Of course it is, their business model is to sell an aesthetic, and so of course the turtleneck the keystone of the model.
@@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.
Why anyone takes Cathie Wood seriously is an infinite mystery
I do. Am I a retard? I believe her vision and I’m 25 if it means anything.
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"
As soon as I heard she studied under Arthur Laffer I headed for the hills.
Have you seen those legs
@@j4genius961 mid milf at best
The real news would have been if Cathie Wood had NOT invested in it TBH
She'd be better off just putting everything on Bitcoin honestly
So Ginkgo Bioworks is the Theranos of WeWorks
Well the tech does work. 😂😂
@@kidd32888 They also own concentric that is important to detecting the next bioweapon.
@@kidd32888 Yes but I do the same thing in my kitchen. They literally do nothing I can't do at home.
You convinced me at “Kathie Wood invested in it”
She invest in emerging markets, they are higher risk when you do that. Not sure what the hate is about.🤷♂️🤦♂️
Ginko is low effort ... at least Elizabeth Holmes invested in a black turtleneck.
I feel like if it IPOs through a spac is like 95% a scam
I feel like there's a use case for SPACs but they're for third tier companies, not multi-billion valuations.
Not always a scam, but there is definitely negative selection. I.E. these are companies big investors are NOT interested in
@@TheNaldiin Mostly they're trying to teach investors to think
oh 100%% Especially if its a biotech.
@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.
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.
It wasn't at the time, though
@@samsonsoturian6013 Makes it worse, really. Using an *obscure* organizational means to go public without customary disclosures is worse than using *mainstream* organizational means, imo.
Spacs are popular with both scammers and fools.
The second that I hear "went public by merging with a SPAC" it's automatically a joke
Cathie wood is such an overrated investor. She just got extremely lucky with Tesla.
Overall, lucky with the pump of 2020
yeah and she didnt take advantage of her luck either.. which proves what a complete moron she is
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Your videos are a masterpiece in simplifying complex topics
Once again Cathie Wood got “disrupted” by a company that no one cares for long term
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?
😅
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.
kathie wood? investing in frauds? NEVER ! not saint investergod kathie !
That interview happened almost at exactly the top of their stock price, crazy
I never trusted this CEO from the first talk I heard🤣 when it sounds too good to be true it probably is.
Every time Bill gates gets scammed, an angel gets its wings.
He still got more out of it than he put in.
I dont understand how Cathie still has money. Must've really won big with TSLA
Because her money comes from the fees she charges for losing her customers' money.
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.
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...
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!
More importantly, he's partial to technology firms and uses a wealth manager for a lot of his money.
@@samsonsoturian6013 It's not like he loses. If it fails, it will highlight the need for more government investment in biotech and regulation.
well ARKK is still 92% up all time so I guess she can hang her hat on that
@@ericvelasquez1282 underperforming the comparable index with 10x the risk and volatility isn’t a brag.
@@samsonsoturian6013 bill bought in very early his price is very low. Only cathie and retial paid billion dollar valuations.
your report so hard hitting, the stonk went UP today
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.
Have a feeling that Bevis and Butthead developed their revenue strategy 😂
you can become a millionaire by inversing Cathie Woods
@@tripplefives1402 That's obviously not the point I was making. It was a joke that Cathie is a terrible investor.
@@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.
@@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
Love your content. Can you please put dates on the CNBC portions?
September 17, 2021 for the interview. The other stuff is stock that they found by searching scorpion on cnbcs RUclips channel and choosing the first result.
COMPANIES IN FANCY FIELDS .......
CATHIE WOOD : say less take my customers money
Excellent report, subbed
Thanks for this 🙏, I just opened and I’m out . Going to do more d&d but this was greatly informative.
Lying about how advanced their labs are? Comparing itself to Apple? Well this is Theranos 2.0
Hard to believe that Cathie Wood bought more of Ginkgo Bioworks in May 2023
Should I buy the stock??
She probably wants to buy it up, sort of like Warren buffet with the original Berkshire Hathaway.🤔
"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.
Rob Schneider should play the CEO if they make a movie out of this mess 😆
Bill Gates should not be enjoying his freedom.
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
Mostly agree with you, except I think their business model based on precision fermentation has big potential.
Oh man thanks for the video.
Jason Kelly in interview before the scambusting report: perfect example of "Duper's Delight."
“Trick Cathy Woods” not hard to do to someone who has no idea what is going on.
Is it trickery atp, or did she actually know? 🤔
@@Heyu7her3 good point!
Anyone who says biotech is like software is immediately not to be trusted.
This is literally a scam that I thought about due to industry bottlenecks and then saw that someone was already running it.LMAO
Thanks for yet another excellent video.
Their CEO looks like knockoff Pharma Bro Martin Shkreli. And stop bashing Kathy Wood, she’s my gf. 😡
Shkreli was much more smug and much less professional
@@samsonsoturian6013 so I should unsubscribe to Shkerlis channel? Hes an evil genius
Happens to the best and worst of us...
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.
DNA is my largest holding at 1.67 and I'm adding more. Ya'll are missing out.
How many stocks are down like this? Quite a few in this market.
I do not agree with this
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. )
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.
MIT called out there own graduates 🤣🤣🤣
I sure hope the ETF’s I invest in does not choose companies like this 🤣
short seller propaganda, and a collection of unfounded accusations.
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??
I just looked this up and yeah, Jason Kelly has sold a total over over $37M in shares over the past two years.
One interview with ginko ceo was all I needed to see to avoid this stock like the plague on roids
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
I wonder it this kind of high profile malinvestment will burn the entire industry, making investors wary of investing in legitimate companies, potentially ruining the industry for years.
All this story is missing is Credit Suisse.
These people would create Resident Evil's Umbrella and not care about the consequences.
Update video please.. 👍
The stock price speaks for itself lol
value buy
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.
Cathie Wood, Bill gates? hedge funds? im in
Don't investors see SPAC and run the other way yet?
Google seems to think they have a bright future
The way that these other companies prop up Ginkgo Bioworks seems awfully Enron-esque.
WOW! Scary!
WE DO NOT ALLOW.
Anytime i hear MIT GRAD with a new company , i always shout scam first.
So sick of these vapor companies and tech bro jargon.
You should cover the short position !
Back to 5 dollars 💵 soon !
When a CEO compare their company or themselves to Apple, I'm gonna start selling my stocks.
Screenshoted. And saved. Can't wait to add this to my collection of Hall Of 💩
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
Jason's overly confident pitch sounds awfully familiar.
how you got through the whole video without mensioning Elizabeth Homes is amazing
1:15 bigger than theranos?
Ballie Gifford invested in them too
Once again CNBC shows that do zero research on companies they interview
Youre amazing
CEO interview clip around the 17:00 mark he's wearing a $5,000+ cashmere blend blazer.
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.
Grinkgo: ...round tripping plus bit of short selling thrown in ... and you end up with, starts with clust..?
as we say here A thief who steals from a thief has a hundred years of forgiveness.
Interesting
Here we go again 🤦🏻♀️🙄
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.
Amyris, Zymergen, Gingko
Ah Cathy Wood. What a genius investor.
Good reporting. / Seemed 'to-good' to be true and it was.
Too good to be true. . .
Was it?
No doubt
nice work , but really, down 90% , the market already figure out this con
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?
Awesome!!! New Video!!!
They should just use Gingko instead of yeast
I don't know how you could send that much on equipment and go negative. Make a glow in the dark worm or something and sell it to kids lmao
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.
Bought more !
I think Ginko has massive potential possibly making Bacteriophage or virophages for things like USA300 etc. Amazing potential
Sounds like BS
I put it up there with graphene and fusion. Amazing potential in the future, but probably a terrible investment today.
@@rally_chronicles Did you think big gains were going to be obvious?