{
  "docId": "019dd923-622c-750b-8b99-01417feb6214",
  "docSlug": "abcba68b252f",
  "documentTitle": "Magnite, Inc. (MGNI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-01-07 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 22,
  "pageCount": 54,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses visual evidence (red boxes and lines) to connect website footer links to specific login pages.",
  "elementsJson": [
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    "callout_box",
    "screenshot",
    "footnote"
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  "metadataConfidence": 1,
  "imagePath": null,
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  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-01417feb6214#slide-22",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "It is quite clear from Magnite’s website that there are two different client login portals. Magnite even references that each login is “formerly” related to each separate business.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
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      "kind": "image",
      "text": "Website screenshot showing footer with login links",
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      "kind": "image",
      "text": "Login portal screenshots",
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      "componentId": "f295796b-703d-4cf2-b130-f0b6bd6f44e0",
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      "kind": "paragraph",
      "text": "It is quite clear from Magnite’s website that there are two different client login portals. Magnite even references that each login is “formerly” related to each separate business.",
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      "subkind": "paragraph",
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      "kind": "source-note",
      "text": "Source: Magnite website",
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      },
      "kind": "title",
      "text": "Evidence That Magnite Is Running Two Separate Businesses.....",
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  "metrics": [],
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  "frameworks": [
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      "name": "fraud-exposure",
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      "evidence": "Uses visual evidence to contradict company narrative of a unified business.",
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  "arcBeats": [
    {
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      "beatId": "d95c99d7-6427-4986-9ca7-45de5267cebb",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "Slides 11-30 present evidence of Magnite's struggles with financial reporting, business performance, and management concerns.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
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  "loops": [
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      "from": 20,
      "name": "The Reveal",
      "slug": "05-the-reveal",
      "bestFor": "Product launches, strategic pivots, unexpected findings",
      "matchId": "81398bcc-456d-43c4-a1bb-27efea117cea",
      "evidence": "Slides 20-25 present evidence of financial reporting concerns and business performance under pressure.",
      "position": 0,
      "objective": "Reveal concerns with Magnite's financial reporting and business performance.",
      "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
      "confidence": 0.7,
      "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
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  "locked": true
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