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  "documentTitle": "GoDaddy, News Corp, Fortrea",
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  "notes": "The chart uses a 'Rule of 40' style metric (Growth + Margin). GoDaddy is represented twice (current and projected).",
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      "text": "If GoDaddy executes against a long-term strategy focused on margin expansion, we believe the Company can generate a growth + profitability rate in-line with the broader set of scaled technology companies.",
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      "text": "CY2023E Revenue Growth + EBITDA Margin – Moderate Growth Technology Companies with Recurring Revenue",
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      "text": "Source: Capital IQ, Bloomberg. Market data as of 10/13/23. Note: Starboard believes that the companies above provide appropriate peer comparisons. This presentation is a determination that is subject to a certain degree of subjectivity.",
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