Ginkgo Bioworks Holdings, Inc.
Company Name | Ginkgo Bioworks Holdings, Inc. |
Stock Symbol | DNA |
Class Period | May 11, 2021 to October 05, 2021 |
Lead Plaintiff Motion Deadline | January 18, 2022 |
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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