ARK is taking advantage of the chance to acquire more GINKGO Bioworks shares. Recently, their investment purchases have gotten increasingly questionable, with ROKU being the largest stake and that in their latest endeavor ,they purchase Ginkgo Bioworks. A quick google search would turn up some prior short report evidence from Citron and Scoprion Capital in October, as well as some DOJ inquiry following the short report, and that its accounting is a bit hocus pocus. However, the DOJ ruled that the brief report findings were unjustified. It is also worth noting that Bill Gates backed Ginkgo Bioworks (+1 for credibility), and that its share price has dropped significantly since its inception. The most recent news indicates that Gingko has tripled its revenue (282% to be exact), thus I feel it is worthwhile to take a deeper look at this company , since it appears that they are more than just a standard biotech firm. This is not a recommendation to buy/sell by the way!!. For those who are interested, I have included several Gingko Biotech-related videos below.
What is Gingko Bioworks anyway?
Gingko Bioworks
Ginkgo Bioworks is a biotech company from the United States founded in 2009 by scientists from MIT and headed by Jason Kelly. The company specializes in using genetic engineering to produce bacteria with industrial applications. Ginkgo Bioworks is an analytics company that designs microorganisms for customers in a range of industries. It is the self-proclaimed "Organism Company" and was one of the world's largest privately held biotech companies, valued at $4.2 billion in 2019 and raised $290 million in September and $350 million in October of that year. Trading began on September 17, 2021. The investment management firm Baillie Gifford became the largest shareholder (41%) with the purchase of 167.75 million shares on 31 March 2022.(Source:Wikipedia)
Video Summary of Gingko Bioworks
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Simply put, no. Evidence from the video suggests that such virtual Blockchain-based games should be avoided. The video also mentions that in order to play such games, players must first come up with the money. Furthermore, CNA suggests that it might be a Ponzi scam or pyramid scheme in which money from new players is used to pay out money to existing players. In summary, avoid such games if you have to come up with the cash in the first place. You are definitely better off selling NFT, but it is crucial to note that "minting" or generating an NFT still requires crypto, as seen in the video below, which provides a local Singaporean artist's view on the process of how to create ,buy and sell nft.
From the last summary, ARK trades has decrease considerably. ARK probably took the opportunity to sold SEA after a surge in its stock price.As for whether it is a loss or not, probably yes,unless they purchase it pre pandemic or just when the pandemic started out as per the 5yr chart Furthermore, a 4 day earlier article from seeking alpha stated that ARK made its first purchase on of SE at late 2021 at an average price of $151
What is SEA LTD anyway?
Sea Ltd
Sea Limited is an Internet platform provider. The Company has developed an integrated platform consisting of digital entertainment, e-commerce, and digital financial services. The Company operates three businesses Garena, Shopee, and SeaMoney. The Company's digital entertainment business, Garena, is a global game developer and publisher with a presence in Southeast Asia, Taiwan and Latin America. Garena provides access to mobile and personal computer online games. Shopee provides users with a shopping environment that is supported by integrated payment, logistics, fulfillment, and other value-added services. SeaMoney business is a digital financial services provider. SeaMoney offers e-wallet services, payment processing,credit related digital financial offerings, and other financial products.
Evergrande company did not make its $83.5 million interest payment owed to bondholders and Chinese authorities have instructed the local government to prepare for the potential downfall and has cancel plans to issue shares of its electric vehicle unit on the Shanghai stock exchange if Evergrande fails.Also,People's Bank of China (PBOC), the country’s central bank, announced it was banning the transaction and mining of crypto.This resulted in various growth stock declining.Ark invest has taken the opportunity continue to increase their shares in \Signify and Robinhood. One important thing to note that Ark has completely sell all of its Tencent stock in ARKK ETF ,ARKX ETF,ARKW,ARKQ ETF,only its ARKF still hold TENCENT.Ark has also sold all of its ke holdings stock in its ETF.Another important thing to note that ARK has sold all of its baba position at sept 4 and do not hold any more baba shares as of 23 sept.This could be a good start to initiate position in chinese company for those risk taker. Another stock that Ark has exited their entire position is PSTI
One notable stock for the day...
Signify health INC
Signify Health, Inc. is a healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Its solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. The company operates through two business segments: Home & Community Services and Episodes of Care Services. The Home & Community Services segment focuses on reaching and engaging populations at home. The Episodes of Care Services segment manages episode-based payment programs. The company was founded in 2009 and is headquartered in Norwalk, CT.
Percent change for Sept(Signify Health)
6 month high:39.44(19 feb)
6 month low:19.32(Sept 27)
Changes in ARK holding for SEPT(Signify Health)
Fundamental Analysis(Signify Health)
Related video
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