Scorpion Capital · activist-deck
IonQ Inc. (IONQ)
183 pages · 3 arc beats · 2 loops
IonQ Inc. (IONQ)
Scorpion Capital · 2022-05 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
3 coverage by narrative range · generated from this deck JSON
Narrative range 40 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
The Problem with IonQ's Technology 10 slides 100% 10/10 slides 100% 10/10 slides · 73 hits — 0/10 slides
10% 1/10 slides 100% 10/10 slides 100% 10/10 slides — 0/10 slides
The Struggle to Overcome Technical Challenges 20 slides 100% 20/20 slides 100% 20/20 slides · 134 hits — 0/20 slides
5% 1/20 slides 90% 18/20 slides 100% 20/20 slides 25% 5/20 slides The Conclusion that IonQ's Claims are Exaggerated 10 slides 100% 10/10 slides 100% 10/10 slides · 71 hits — 0/10 slides
— 0/10 slides
90% 9/10 slides 100% 10/10 slides — 0/10 slides
Slide inventory
183 every slide · same image gating as the playbook
01
The slide uses aggressive, accusatory language typical of short-seller activist reports.front_matter
03
The slide uses aggressive, accusatory language typical of an activist short report.front_matter
05
The slide uses a numbered list format to outline specific investigative findings regarding IonQ's machine performance, reliability, and speed.summarize
06
This slide serves as a transition and summary of the activist report's core accusations.summarize
08
Uses a 'villain' framing to attack the company's credibility and valuation.name_villain
09
Uses a series of headlines to demonstrate a 'crying wolf' narrative regarding technological breakthroughs.expose_contradiction
10
The slide uses guilt-by-association to undermine the credibility of IonQ's backers and advisors.name_villain
11
The slide uses a 'villain' framing by calling IonQ a scam and quantum computing a 'science fiction fantasy'.frame_problem
Open slide detailBeat · The Problem with IonQ's Technology
12
Uses a historical quote from MIT Technology Review to frame the current industry as being in a state of delusion.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
13
Uses a screenshot of a 2019 website archive to highlight the gap between marketing rhetoric and technical reality.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
14
The slide uses a 'villain' framing by citing academic criticism to undermine the target's credibility.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
15
The slide uses quotes from UMD professors to undermine the credibility of IonQ's technology claims.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
16
Uses a quote from Mikhail Dyakov to frame the entire industry as a 'Ponzi scheme'.name_villain
Open slide detailBeat · The Problem with IonQ's Technology
17
The slide uses a quote from a Quanta Magazine article to support the activist thesis that the target company's technology is fundamentally broken.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
18
The slide uses a collage of four actual slides from IonQ's investor deck to support the claim of 'make-believe' projections.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
19
The slide uses a side-by-side comparison of a visual roadmap and a text excerpt to prove the contradiction.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
20
The slide uses a 'before-after' or 'claim-vs-reality' structure by pairing slide thumbnails with their specific, contradictory footnotes.expose_contradiction
Open slide detailBeat · The Problem with IonQ's Technology
21
Uses an ex-employee quote to frame the current CEO as a promoter rather than a technical leader.name_villain
Open slide detailBeat · The Struggle to Overcome Technical Challenges
22
Uses ad hominem and anecdotal evidence to undermine leadership credibility.name_villain
Open slide detailBeat · The Struggle to Overcome Technical Challenges
23
Uses direct quotes and interview screenshots to build a case of potential fraud or misleading statements.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
24
The slide uses direct quotes and video stills to frame the CEO as unreliable and prone to hyperbole.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
25
The slide uses yellow highlighting to emphasize key accusations within the quotes.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
26
The slide uses highlighted text to emphasize key accusations of incompetence and dishonesty.name_villain
Open slide detailBeat · The Struggle to Overcome Technical Challenges
27
Uses LinkedIn bio excerpts and press release data to frame a narrative of corporate instability and potential fraud.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
28
The slide uses a Q&A format to present whistleblower testimony regarding corporate culture and potential product misrepresentation.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
29
Uses anecdotal evidence from former executives and peers to build a narrative of internal discord.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
30
The slide uses authority-citation to undermine the company's credibility.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
31
The slide uses a Q&A format to present expert testimony, highlighting specific phrases like 'house of cards' and 'lies and fraud'.name_villain
Open slide detailBeat · The Struggle to Overcome Technical Challenges
32
The slide uses a 'villain critique' approach by aggregating negative testimonials to undermine company credibility.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
33
Uses direct quotes and historical context to undermine credibility.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
34
Uses a 'hypocrisy' or 'contradiction' framing to undermine credibility.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
35
Uses expert quotes to frame IonQ as a failed science experiment.expose_contradiction
Open slide detailBeat · The Struggle to Overcome Technical Challenges
36
This is a short-seller report slide accusing a company of fraud.expose_contradiction
37
The slide uses a screenshot of the IonQ website to document their public marketing claims.expose_contradiction
38
The slide uses yellow highlighting to emphasize specific marketing language used by the CEO.expose_contradiction
39
The slide uses direct quotes and highlights to frame the company's claims as 'brazen' or questionable.expose_contradiction
40
The slide uses a 'hero's journey' style progression of technology, but the footnotes reveal the images are not IonQ's own proprietary hardware.expose_contradiction
41
The slide uses highlighted text to emphasize specific claims about the 32-qubit system.expose_contradiction
42
Uses screenshots of Google search results to highlight the propagation of a specific claim.expose_contradiction
43
The slide uses screenshots of official cloud provider documentation to invalidate the company's public claims.expose_contradiction
44
Uses red boxes to draw attention to specific text in the SEC filing.expose_contradiction
45
Uses direct quotes from SEC filings to undermine company claims.expose_contradiction
46
The slide uses a 'CEO quote contradiction' framework to undermine management credibility.expose_contradiction
47
The slide uses screenshots of two different IonQ presentations to demonstrate the removal of the 2020 milestone.expose_contradiction
48
Uses Wayback Machine screenshots to prove the removal of specific technical claims.expose_contradiction
49
Uses legal terminology ('mens rea') to frame corporate disclosure changes as evidence of intent to deceive.expose_contradiction
50
The slide uses a 'before-after' style comparison of evidence availability to highlight a discrepancy in technical disclosure.expose_contradiction
51
The slide uses a 'gotcha' style to undermine the credibility of the company's technical claims.expose_contradiction
52
The slide uses direct quotes from a QC Ware executive to corroborate claims of misleading marketing regarding qubit counts.expose_contradiction
53
The slide uses direct quotes from anonymous sources to build a narrative of internal dissent and corporate deception.expose_contradiction
54
Uses direct quotes from former employees to substantiate claims of corporate deception.expose_contradiction
55
The slide uses a Q&A transcript format to build a case for fraud.expose_contradiction
56
The slide uses a Q&A format to highlight allegations of fraud and lack of transparency.expose_contradiction
57
The slide uses direct quotes from a former executive to frame the company's technical claims as fraudulent.expose_contradiction
58
Uses direct quotes from a former executive to build a case of fraud/misrepresentation.expose_contradiction
59
The slide uses a Q&A format to present evidence of internal dissent and potential misrepresentation of technical capabilities.expose_contradiction
60
The slide uses a Q&A format to highlight internal dissent and alleged dishonesty regarding technical milestones.expose_contradiction
61
Uses direct quotes from a former employee to undermine company credibility.expose_contradiction
63
Uses red boxes to highlight marketing imagery and an arrow to point to the actual enclosure.expose_contradiction
64
The slide uses a 'villain critique' style to undermine the company's technical claims via expert testimony.expose_contradiction
65
Uses direct quotes from interviews to undermine the credibility of company marketing materials.expose_contradiction
66
The slide uses highlighted text to emphasize specific size comparisons (garage, car, medium-sized room).expose_contradiction
67
The slide uses a Q&A format to highlight the discrepancy between marketing imagery and technical reality.expose_contradiction
68
Uses a 'before-after' style contradiction between company marketing and reality.expose_contradiction
69
The slide uses a quote from a Duke University profile to undermine the commercial viability of the technology by emphasizing its physical size.expose_contradiction
70
Uses visual evidence to undermine the company's 'sleek' product narrative.expose_contradiction
71
The slide uses a 'skunkworks' framing to undermine the credibility of the technology's maturity.name_villain
72
Uses direct quotes and screenshots from UMD and L3-Harris websites to establish the contradiction.expose_contradiction
73
The slide uses direct quotes highlighted in yellow to support the argument that current technology is lab-bound.preempt_rebuttal
74
The slide uses strong, accusatory language to undermine the credibility of the company's leadership.expose_contradiction
75
This is a classic 'short report' style slide designed to undermine management credibility by contrasting past promises with current reality.expose_contradiction
76
Uses direct quotes and a chart from an investor presentation to highlight a discrepancy in manufacturing capability claims.expose_contradiction
77
Uses a direct quote from a 2020 trade article to expose the company's marketing claims.expose_contradiction
78
The slide uses a red box to highlight the specific claim being challenged.expose_contradiction
79
The slide uses a visual comparison of device size relative to a human hand to illustrate technological progress.summarize
80
The slide uses a visual comparison to emphasize a competitive advantage in hardware miniaturization.compare_peers
81
The slide uses direct quotes to undermine the credibility of the CEO's public statements.expose_contradiction
82
The slide uses a Q&A transcript format to build a case of deception regarding hardware specifications.expose_contradiction
83
The slide uses strong, emotive language to discredit the company's technology.expose_contradiction
84
The slide uses a 'villain critique' approach by leveraging an expert's voice to undermine the company's technical credibility and ethical standing.expose_contradiction
85
The slide uses highlighted text to emphasize key criticisms of IonQ's platform.expose_contradiction
86
The slide uses expert testimony to undermine IonQ's technical roadmap.name_villain
87
The slide uses expert testimony to undermine the credibility of the company's CEO and technical roadmap.expose_contradiction
88
The slide uses direct quotes from former employees to undermine the company's claims of quantum advantage.expose_contradiction
89
The slide uses direct quotes to undermine the company's technological claims.name_villain
91
The slide uses direct quotes to frame the company's technology as obsolete or toy-like compared to modern standards.expose_contradiction
92
The slide uses direct quotes from a researcher to undermine the company's value proposition.expose_contradiction
93
The slide uses highlighted text to emphasize key negative claims about the technology's maturity and utility.expose_contradiction
95
This is a text-heavy slide serving as a specific point in a larger critique of IonQ.name_villain
96
The slide uses a 'quote-and-critique' structure to expose hypocrisy.expose_contradiction
97
Uses testimonial-style quotes to undermine the company's technical claims.expose_contradiction
98
The slide uses direct quotes and expert testimony to undermine the company's technological claims.expose_contradiction
99
The slide uses strong, emotive language ('doomed', 'pernicious', 'joke', 'catastrophic') to undermine the company's technical credibility.name_villain
100
The slide uses a screenshot of IonQ's website to contrast the company's claims with the activist's narrative.expose_contradiction
101
The slide uses a screenshot of a website to highlight a discrepancy between marketing claims and historical data.expose_contradiction
102
The slide uses a 'villain critique' style, leveraging expert quotes to undermine the company's technical claims.expose_contradiction
103
Uses expert testimony to undermine the company's technical claims regarding fidelity.expose_contradiction
104
The slide uses expert testimony to undermine the company's technical claims.expose_contradiction
105
The slide uses expert quotes to contrast IonQ's current performance (11 qubits, 2.5% error) against the requirements for practical utility.expose_contradiction
106
The slide uses direct quotes from a 'leading expert' to undermine the credibility of IonQ's co-founder Chris Monroe.expose_contradiction
107
Uses expert testimony to undermine the company's technical roadmap.expose_contradiction
108
Uses direct quotes from former employees to undermine the company's technical roadmap.name_villain
109
The slide uses a 'villain critique' approach by contrasting company marketing with internal expert skepticism.expose_contradiction
110
The slide uses a screenshot of an IEEE Spectrum article to provide external authority for the critique.expose_contradiction
Open slide detailLoop · Iceberg
111
This is a short-seller report slide (likely Scorpion Capital or similar) using a numbered list format for allegations.expose_contradiction
Open slide detailLoop · Iceberg
112
The slide uses direct quotes from a quantum computing expert to undermine the reliability of the subject's technology.expose_contradiction
Open slide detailLoop · Iceberg
113
The slide uses direct quotes from a quantum computing expert to undermine the reliability and performance claims of IonQ.expose_contradiction
Open slide detailLoop · Iceberg
114
The slide uses a screenshot as evidence to validate the number of experiments conducted.expose_contradiction
Open slide detailLoop · Iceberg
115
The slide highlights the failure of the computer to consistently return the correct answer (2).expose_contradiction
Open slide detailLoop · Iceberg
116
The slide uses a bar chart to expose the unreliability of the quantum computer's output.analyze_data
Open slide detailLoop · Iceberg
117
The slide aims to validate or challenge IonQ's performance claims through independent expert testing.expose_contradiction
Open slide detailLoop · Iceberg
118
The slide uses a red box to highlight the row corresponding to the correct answer (5).analyze_data
Open slide detailLoop · Iceberg
119
The slide uses a grouped bar chart to highlight performance inconsistency across five separate runs.expose_contradiction
Open slide detailLoop · Iceberg
120
The slide uses a direct comparison to Theranos to frame the company's operational issues as potentially fraudulent.name_villain
Open slide detailLoop · Iceberg
121
Uses a Q&A format to highlight operational reliability issues.expose_contradiction
122
The slide uses a direct quote from an internal paper to contradict the company's public narrative on scalability.expose_contradiction
123
Uses the 'elves in the background' metaphor to suggest hidden manual labor.expose_contradiction
124
The slide uses yellow highlighting to emphasize key claims within the quotes.expose_contradiction
125
Uses a screenshot of a Duke University article to provide evidence of a contradiction.expose_contradiction
126
The slide uses strong, emotive language ('preposterously', 'piddling', 'vapor', 'choke point') to undermine the company's technical credibility.name_villain
127
The slide uses highlighted text to emphasize key critical points within the quotes.name_villain
128
The slide uses a direct expert quote to undermine the company's technical viability.expose_contradiction
129
The slide uses direct quotes from a former senior scientific employee to undermine the company's technical roadmap.expose_contradiction
130
The slide uses highlighted text to emphasize critical points within quotes from industry experts.name_villain
131
The slide uses highlighted text to emphasize key technical criticisms regarding scaling and fidelity.name_villain
132
This is a classic 'short-seller' style slide designed to undermine company credibility through anecdotal evidence.expose_contradiction
133
The slide uses a 'before-after' or 'claim-reality' framing to set up a series of investigative findings.expose_contradiction
134
The slide uses direct quotes and highlights to undermine the company's claims of production-grade technology.expose_contradiction
135
The slide uses direct quotes to undermine the company's value proposition.expose_contradiction
136
The slide uses direct quotes from interviews to contrast with a specific IonQ press release.expose_contradiction
137
The slide uses direct quotes to frame IonQ's technology as inferior to its competitor, Honeywell.expose_contradiction
138
The slide uses a Q&A format to expose the lack of commercial traction for IonQ's hardware through a partner's testimony.expose_contradiction
139
The slide uses a Q&A transcript format to expose the lack of revenue generation from IonQ's partners.expose_contradiction
141
The slide uses a screenshot of an investor presentation to contrast public claims with the company's own internal forecasts.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
142
The slide uses red boxes to highlight specific partners and claims, likely to contrast them with other findings in the activist deck.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
143
The slide uses a snippet from a 10Q filing to contrast narrative with financial reality.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
144
The slide uses a direct transcript excerpt to frame the CEO's refusal to provide transparency as a red flag.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
145
Uses highlighted text to draw attention to the specific evidence of customer concentration.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
146
Uses SEC filing excerpts to highlight related-party dependency.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
147
The slide uses a 'round-tripping' argument, contrasting revenue received from related parties against expenses paid to them.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
148
The slide uses a table to derive Q4 figures from annual and Q3 year-to-date data, highlighting a spike in related-party revenue dependency.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
149
The slide uses a 'before-after' or 'contradiction' framing to highlight the discrepancy between actual revenue and projected bookings.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
150
The slide uses a narrative structure to cast doubt on the legitimacy of the company's announcements.expose_contradiction
Open slide detailBeat · The Conclusion that IonQ's Claims are Exaggerated
151
The slide uses a narrative structure to expose a contradiction between public press releases and subsequent 10Q footnote disclosures.expose_contradiction
152
The slide uses a direct quote from an earnings call transcript to expose a lack of transparency regarding revenue sources.expose_contradiction
153
Uses external quotes from the Baltimore Sun and UMD's own website to frame the relationship as a conflict of interest.expose_contradiction
154
The slide uses red boxes to highlight specific line items in a financial table to draw attention to the alleged accounting irregularity.expose_contradiction
155
The slide uses a combination of narrative accusation and direct quotes from earnings materials to build a case of financial misrepresentation.expose_contradiction
156
This is a slide from an activist short report targeting IonQ.expose_contradiction
157
The slide uses direct quotes to frame the deal as a 'sham' and 'backscratching' to meet revenue targets.expose_contradiction
158
The slide uses direct quotes from a former executive to highlight internal confusion and cynicism regarding company processes.expose_contradiction
159
The slide uses a Q&A format to highlight the absurdity of the transaction size relative to actual usage capacity.expose_contradiction
160
The slide uses a Q&A transcript format to highlight a discrepancy between company claims and expert testimony.expose_contradiction
161
The slide uses a Q&A format to present testimony from a former employee, highlighting the contradiction between public PR and internal alleged practices.expose_contradiction
162
The slide uses a Q&A format to present whistleblower testimony.expose_contradiction
163
This is a specific point of attack in an activist short report, using an analogy to AMD/Intel to highlight the alleged absurdity of IonQ's claims.expose_contradiction
164
The slide uses red circles to highlight the 'gold-colored' chip in both real-world photos and marketing diagrams to suggest a misleading presentation.expose_contradiction
165
Uses a red arrow to connect the visual marketing material to the CEO's specific claims.expose_contradiction
167
The slide uses highlighted text to emphasize key claims about manufacturing bottlenecks, design similarity, and the lack of technical moat.expose_contradiction
168
Uses red circles and arrows to highlight specific text and images as evidence of contradiction.expose_contradiction
170
The slide uses red borders to emphasize the co-founders, contrasting them with the CEO and CFO.introduce_nominees
171
Uses LinkedIn profile screenshots to highlight conflicting or dual-employment status.expose_contradiction
172
The slide uses a 'villain' framing by questioning the capacity of the subject to fulfill all stated obligations.expose_contradiction
173
The slide uses highlighted text to emphasize key claims about the co-founders' behavior and lack of presence.expose_contradiction
174
The slide uses Q&A transcripts to build a narrative of leadership negligence and physical absence.expose_contradiction
175
The slide uses direct quotes from industry experts to undermine the credibility of the company's leadership structure.expose_contradiction
176
The slide uses a highlight to emphasize the core contradiction in the quote.expose_contradiction
177
The slide uses direct quotes and Q&A transcripts to build a narrative of executive negligence.expose_contradiction
178
This is a direct attack on the CEO's personal integrity and background.expose_contradiction
179
The slide uses screenshots of LinkedIn and interview transcripts to support the claim of a manufactured persona.expose_contradiction
180
The slide uses red circles and arrows to highlight the specific fields in the LinkedIn UI that require manual input, contrasting them with the subject's profileexpose_contradiction
181
The slide uses visual callouts (red circles and arrows) to point out the specific text segments being compared.expose_contradiction
182
This is an activist short-seller deck slide attacking the credibility of a CEO.expose_contradiction
183
Uses Q&A format to highlight lack of transparency regarding a key executive.expose_contradiction