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  "documentTitle": "Momo, Inc. (MOMO)",
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  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-06-27 00:00:00",
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  "notes": "The slide uses red boxes to highlight Spruce Point's specific forecast columns for FY18 and FY19.",
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      "text": "Based on our significant number of live stream related interviews, we believe that the Street's base case is materially overstating Live Video and Mobile Marketing revenues while understating costs of revenues associated with Live Video services.",
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      "text": "Consolidated Gross Profit: $754",
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      "text": "Note: We use Morgan Stanley and Jefferies reports to illustrate the break-out of business segments since not all brokers provide granular level detail",
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      "text": "Spruce Point Key Assumptions table",
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      "kind": "title",
      "text": "Spruce Point's View Diverges From Consensus Based On Live Video's Gross Margin Compression Worries",
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