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Ginkgo Bioworks Downsizing Real Estate Amid Financial Struggles

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  • Ginkgo Bioworks subleasing space to cut costs
  • Stock price dropped significantly from $618 to below $10
  • High competition for lab space in Greater Boston
  • Company facing costs for unused space but generating income through subleasing
  • Exiting locations in Cambridge, New York, France, and the Netherlands
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