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  "documentTitle": "Lightspeed Commerce, Inc. (LSPD)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Spruce Point spoke with a former employee knowledgeable about Lightspeed Payments and was involved in bringing the product to market. The insights offered were invaluable in assessing some of the risks we believe aren't adequately appreciated by investors.",
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      "text": "I think there is a lot of smoke and mirrors in the PR deck and all of this. They are not very transparent about how and where the pockets of growth are, especially for payments.",
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      "text": "\"It is very risky for Lightspeed because they are on the hook for paying the customer if the business goes belly up... They own 100% of the risk.\" — Former Lightspeed Payments Employee; \"The $16 billion GTV number is a PR number... there's no way to say there's money backed up behind it.\" — Former Lightspeed Employee",
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