Ginkgo Bioworks Holdings, Inc.
|Company Name||Ginkgo Bioworks Holdings, Inc.|
On October 6, 2021, Scorpion Capital published a 175-page research report alleging that Ginkgo Bioworks is a "colossal scam" and that its business model is a "shell game." According to the report, Ginkgo Bioworks is highly dependent on related party transaction revenues and the Company is a "Frankenstein mash-up of the worst frauds of the last 20 years."
On this news, the Company’s share price fell as much as 17% during intraday trading on October 6, 2021, thereby injuring investors.
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