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  "docSlug": "e116ed19ca52",
  "documentTitle": "GSX Techedu (GSX)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson Block",
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  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-05-18 00:00:00",
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      "text": "We are short GSX because we conclude that it is a near-total fraud.",
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      "text": "GSX Bot Prevalence: High Confidence Bots (73.2%), Highly Likely Bots (7.6%), Somewhat Real (19.2%)",
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      "text": "We are short GSX because we conclude that it is a near-total fraud. We conclude that at least ~70% of its users are fake, and we think it’s quite likely that at least ~80% of its users are fake. Our conclusions are based on GSX's own user and attendance data files. In addition, a former GSX manager corroborated our analysis.",
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      "text": "bot prevalence: 73.2%",
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      "text": "Report Date: May 18, 2020; Company: GSX Techedu Inc.; Ticker: GSX US; Industry: Fraud (nominally education); Stock Price: $35.43; Market Cap: $8.5 billion; Float: 24.9%; Average Daily Volume (30-day): $194.6 million",
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      "kind": "title",
      "text": "GSX Techedu: Rise of the Machines",
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