{ "docId": "019dd923-622c-750b-8b9a-1a3bea94baf9", "docSlug": "c358888161f0", "documentTitle": "Ginkgo Bioworks (DNA)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-10-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 125, "pageCount": 175, "prevPage": 124, "nextPage": 126, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a Q&A transcript format to present anecdotal evidence of corporate malfeasance.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1a3bea94baf9/125", "deckHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9#slide-125", "components": [ { "bbox": null, "kind": "callout", "text": "What we get from them is \"How can we make this as expensive as possible,\" to be quite frank.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-2b62-723f-b68f-49e0ac97bfb2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.9, "x": 0.05, "y": 0.25 }, "kind": "paragraph", "text": "Senior employee at Joyn Bio commented believes Ginkgo attempts to overcharging them\nQ: “There was a recent article in the MIT Technology Review, which I’m sure you can find.”\nQ: “I read it. It was very skeptical. Is that your perspective?”\nA: “I do. There were several of us here who said we were afraid that they had bugged our Slack channel.”\nQ: “What were you guys saying and thinking internally that the article captured and echoed?”\nA: “[Chuckles] They talk a good game, and then six months later, they’re still saying the same things. Jason Kelly’s been giving the same pitch for eight years or however long they’ve been around. For us, the difficulty has been, we need a result, and we need things that actually get finished, and they seem to be really good at making things take a long time. I don’t know how to explain it exactly. The automation is useful as long as you have a testable hypothesis and you’re looking for an answer to come out the other end, and that doesn’t seem to be a lot of what we get from them. What we get from them is \"How can we make this as expensive as possible,\" to be quite frank.”\nQ: “Are they essentially trying to—is their focus to suck as much revenue out of Joyn as possible, as opposed to delivering a product? Are they just trying to stretch it out?”\nA: “That’s the way it appears to us, and I have a colleague who claimed—so this is all rumors and hearsay at this point—but he claims that he heard someone in the Ginkgo executive team say that the best thing about the joint venture creating Joyn Bio was that they were going to get lots and lots of money from Bayer.” – Senior employee at Joyn Bio", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "70722cfc-f12f-4e6e-9335-819dd5583a05", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“I do. There were several of us here who said we were afraid that they had bugged our Slack channel.” — Senior employee at Joyn Bio", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-2b62-723f-b68f-4d180d842941", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.3, "x": 0.05, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "06154740-6c4a-4963-8ada-b6f26b1d8052", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "A senior employee at related-party “customer” Joyn Bio corroborated and elaborated upon Ginkgo’s strategy of overcharging its entities for foundry work, suggesting that Ginkgo’s objective is “How can we make this as expensive as possible” and that they appear to stretch projects out as long as possible to inflate revenue: “they seem to be really good at making things take a long time. I don’t know how to explain it exactly.”", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b1f6f472-bafb-4b29-a2d9-03b209a0371b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "89ac0b20-95a9-489c-a3d6-84f9dd825d3b", "evidence": "The slide presents expert testimony to allege fraudulent business practices.", "confidence": 0.8 } ], "arcBeats": [ { "to": 175, "from": 9, "beatId": "ffe290af-3a4f-4e06-8d60-dfbfc07d2e08", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The deck presents evidence contradicting Ginkgo's claims and highlighting potential wrongdoings.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }