{
  "docId": "019dd923-622c-750b-8b98-df3d01a8b7bd",
  "docSlug": "5138ae8c47fe",
  "documentTitle": "Dropbox, Inc. (DBX)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-02-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 1,
  "pageCount": 60,
  "prevPage": null,
  "nextPage": 2,
  "slideType": "cover",
  "function": "front_matter",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "The image uses a metaphorical visual (rats and cockroaches in an office) to imply a negative/infested state of the company.",
  "elementsJson": [
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": "https://imgproxy.kitesheet.com/gDvyKJBXFWyBTmgJAMU-EN0dcikT5tHARpTrwrgxq3o/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81MTM4YWU4YzQ3ZmUvcDAwMS5wbmc",
  "slideHref": "/slides/019dd923-622c-750b-8b98-df3d01a8b7bd/1",
  "deckHref": "/decks/019dd923-622c-750b-8b98-df3d01a8b7bd",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-df3d01a8b7bd.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-df3d01a8b7bd#slide-1",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "A BOX OF EMPTY PROMISES",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0397-72dc-a889-f71cb099f785",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.22,
        "x": 0.687,
        "y": 0.84
      },
      "kind": "image",
      "text": "Spruce Point Capital Management",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "30f52f75-2ef1-4836-9cd5-67d0aafffcd1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.22,
        "x": 0.687,
        "y": 0.805
      },
      "kind": "paragraph",
      "text": "Dropbox, Inc. | NASDAQ: DBX",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29653a8c-0524-491e-b2ef-77d7f455f5ee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.22,
        "x": 0.687,
        "y": 0.76
      },
      "kind": "paragraph",
      "text": "STRONG SELL OPINION",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4266af7a-22b1-4758-b93f-439d99f2c6c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.22,
        "x": 0.687,
        "y": 0.895
      },
      "kind": "paragraph",
      "text": "INVESTMENT RESEARCH REPORT",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "72df5c51-64ac-4c6c-8137-010433d74218",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.22,
        "x": 0.687,
        "y": 0.72
      },
      "kind": "title",
      "text": "A Box of Empty Promises",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b9360d48-8372-47d9-86b9-486f1011b64d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 1,
      "beatId": "55e62a81-00ea-4668-af1a-06b9ded2d2ff",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Call",
      "beatSlug": "overcoming-monster-the-call",
      "evidence": "The document starts with a bold statement and a disclaimer, setting the stage for the argument to come.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": "https://imgproxy.kitesheet.com/gRxNxLHTYZehKGYeOI4CvZoEOocoF-o3cytLN0px-yA/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81MTM4YWU4YzQ3ZmUvcDAwMS5qcGc",
  "thumbSrc": "https://imgproxy.kitesheet.com/e4cIu9kW3-johx9Psx5UOWwhMYX1yWQgC54UYy9FtvM/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81MTM4YWU4YzQ3ZmUvcDAwMS5wbmc",
  "thumbSrcAlt": "https://imgproxy.kitesheet.com/bsKkVPz6u2u6w9WObhHPp3nDoIhOFzkmSQTRCfLBg88/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy81MTM4YWU4YzQ3ZmUvcDAwMS5qcGc"
}