Is 23andMe Stock a Good Play on Genetics Testing?

February 5. 2021. 6 mins read

With more than 9,700 hedge funds in operation around the planet, it’s highly unlikely that a handful of amateur stock manipulators on Reddit are bringing down Wall Street. It’s a myth that the media continues to perpetuate, further exacerbating the problem by encouraging even more dumb money to enter the fracas. What you are seeing is a massive transfer of wealth from people with little money to people with loads of it. Keep on sticking it the man lads.

Another thing hedge funds are making a killing on these days are special purpose acquisition companies (SPACs). A paper titled “A Sober Look at SPACs” elaborates on how “SPAC investors are bearing the cost of the dilution built into the SPAC structure, and in effect subsidizing the companies they bring public.” It only further reinforces what we continue to tell our readers – SPACs Reward Everyone Except Retail Investors. Today, we’re going to talk about a SPAC offering from 23andMe.

About 23andMe

Click for company website

Become a premium member and get access to hundreds of premium articles, reports and additional content.

Nanalyze Premium is your comprehensive guide to investing in disruptive technologies. Read by the top investment banks, management consultancies, VCs, and research houses. Trusted by over 100,000 institutional and retail investors. Covering disruptive technologies for over 18 years.