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  "documentTitle": "Magnite, Inc. (MGNI)",
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  "presentationDate": "2021-01-07 00:00:00",
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  "notes": "The slide uses a 'Spruce Point Reality' callout to frame the contradiction between analyst claims and market reality.",
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      "text": "In bull markets, stock promoters like to compare apples (Supply-Side Platforms) vs. oranges (Demand-Side Platforms) to justify ridiculous price targets. For example, Needham thinks Magnite's best valuation comp is The Trade Desk (TTD) - a DSP...",
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      "text": "A Demand-Side Platform, It Doesn't Compete With Magnite",
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      "text": "Needham's Fantasy Valuation Comps For Magnite",
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      "text": "Magnite's Financials Closer to PubMatic, Not Trade Desk",
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