On: Palantir’s SPAC bets backfire

[radicaldreamer]

Illumina often does this with spinoffs and startups. They provide a good chunk of the funding for startups which primarily use Illumina hardware.

[ljw1001 → radicaldreamer]

I suspect it’s because they have a near monopoly in high-quality, next-gen sequencing. They’re trying to grow the market for their machines rather than take business from a competitor.

[robertlagrant → ljw1001]

> I suspect it’s because they have a near monopoly in high-quality, next-gen sequencing

That is changing[0].

[0] https://twitter.com/Bernard_Y_Kim/status/1605372507418021889