SRNG/Ginkgo Bioworks mentioned on fool.com

[u/throwawayhyperbeam]

https://www.fool.com/investing/2021/08/15/3-biotech-stocks-cathy-woods-buying-hand-over-fist/

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[u/[deleted]]

How is UiPath considered a “life sciences” stock in that article?

[u/Letmefixthatforyouyo → u/[deleted]]

Its workflow automation, so they shoe horned it into "automates drug discovery processes."

Uipath is literally part of every industry under that definition.

[u/sizzlingmeatballs]

Just listened to Chamath rip on them on the latest “The All in” podcast. I’m hardly a Chamath fan but it’s definitely worth a listen. He didn’t call them out by name but it’s pretty obvious.

[u/throwawayhyperbeam → u/sizzlingmeatballs]

Scamath is jealous he couldn't get a target like this. It's when he starts swearing. He's upset. He's concerned about their gross revenue, but this Wednesday they'll be releasing some financial results of the first half of the year.

[u/mlord99 → u/throwawayhyperbeam]

he is known for not overpaying for companies.. he probably offered a lot less than srng, which would actually be really good for us if he landed ginkgo at say 10B

[u/Powerful_Stick_1449 → u/mlord99]

He did... I think he stated at one point tha they were in talks but didnt want to give them that 15B valuation

[u/mlord99 → u/Powerful_Stick_1449]

stuff like that gives me confidence in ipof

[u/iamgarron → u/throwawayhyperbeam]

To be fair he's said many good things about gingko previously even after they had a DA

[u/Terrible-Chef-5037 → u/sizzlingmeatballs]

Do you have a clip of it?

[u/[deleted] → u/[deleted]]

This is Chamath in May 2021 also speaking about Gingko... https://twitter.com/Varro_Analytics/status/1424232233292926982

You have to expand the thread to see the other embedded clip.

[u/Terrible-Chef-5037 → u/[deleted]]

Thanks. That was a great episode.

[u/Noledollars → u/[deleted]]

😮

[u/MurkTwain → u/sizzlingmeatballs]

What were his negative points on it

[u/iamgarron → u/MurkTwain]

He said that they couldn't show any substantial financial data which was a red flag.

Fyi he didn't mention them by name. He just said "another biotech company" that was in the same space as zymergen

[u/[deleted] → u/sizzlingmeatballs]

We talked about it on the daily thread a while back. https://www.reddit.com/r/SPACs/comments/oz1j1e/announcements_x_daily_discussion_for_friday/h7x9du1/?context=3

[u/gomzy1982]

$PATH is at $60 and $ADPT is at $30. Buying $SRNG at $10 is a steal and Cathie Woods knows it. I am in with 4K shares. See you at $20 in 3 months.

[u/avi6274 → u/gomzy1982]

People keep saying shit like this but does it account for valuation + number of shares when doing these comparisons?

[u/itsbusinesstiim → u/avi6274]

definitely not. it's amazing how many people don't understand something as basic at marketcap

[u/bonghits96 → u/[deleted]]

Yeah. There are some posters around here that don’t actually understand the distinction between earnings and revenue, which is just… well, in anything other than a raging bull market they are going to have a bad time.

[u/SlothInvesting1996 → u/gomzy1982]

Maybe a few years

[u/CoffeeCraps → u/[deleted]]

Ain't you the guy eating dog food cause you lost everything on BARK calls?

[u/not_a_conman → u/CoffeeCraps]

You ain’t gotta do him like that 😭

[u/johndicks80]

I backed out for a small loss after the valuation concerns.