{ "docId": "019dd923-622c-750b-8b99-20e88bb14fbb", "docSlug": "f2d2846f5efe", "documentTitle": "Lightspeed Commerce, Inc. (LSPD)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-09-29 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 44, "pageCount": 125, "prevPage": 43, "nextPage": 45, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "density": "overcrowded", "nDataPoints": 0, "notes": "Uses news clippings from Reuters and Forbes to support the bearish thesis.", "elementsJson": [ "headline_text", "callout_box", "screenshot" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b99-20e88bb14fbb/44", "deckHref": "/decks/019dd923-622c-750b-8b99-20e88bb14fbb", "deckJsonHref": "/decks/019dd923-622c-750b-8b99-20e88bb14fbb.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-20e88bb14fbb#slide-44", "components": [ { "bbox": { "h": 0.12, "w": 0.86, "x": 0.07, "y": 0.17 }, "kind": "callout", "text": "Based on the recent news of Amazon entering the POS market with the development of a POS system to rival Shopify and PayPal, we believe this is extremely bearish for Lightspeed. Spruce Point believes integration with Amazon's existing technology combined with its research and development capabilities will better position themselves over second-tier products such as Lightspeed.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "33f378c2-ea86-4e93-9137-0ad21634c8c3", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "Based on the recent news of Amazon entering the POS market with the development of a POS system to rival Shopify and PayPal, we believe this is extremely bearish for Lightspeed.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-64cf-7128-a31a-430d3ad09313", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.45, "w": 0.45, "x": 0.53, "y": 0.47 }, "kind": "paragraph", "text": "It's called Project Santos and it's Amazon's play to take on Shopify, PayPal and other point-of-sale systems. According to a report that examined internal documents from the online giant the system will handle both online and in-store transactions, provide enhanced analytics and (of course) integrate with Prime and other Amazon technologies for check out, security and delivery. (Source: Pymnts) Why this is important for your business: If you're in retail this will be another point-of-sale option for you and as long as you don't mind being dragged further into Amazon World it could be a more affordable and advanced solution for managing your inventory and sales transactions both online and in your store. Also keep an eye on the company's Just Walk Out cashier-less technologies which utilizes AI, sensors, and computer vision as customers walk into the store and sign into an app, insert a debit card, take items from shelves, and leave, skipping the need to check out entirely.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "13e11fbc-44f4-4633-bccd-19b9f002c335", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.45, "x": 0.02, "y": 0.6 }, "kind": "paragraph", "text": "Sept 8 (Reuters) - Amazon.com Inc (AMZN.O) is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday. The new system can handle both online and offline transactions and can also link to other services including Prime and Flex, the report added, citing an internal document. (https://bit.ly/3l7r7ZG) The move will allow Amazon to compete with Canada's Shopify (SHOP.TO) and U.S. payments giant PayPal (PYPL.O), which already offer POS systems for payments for small businesses, that have moved online during the pandemic to boost sales.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6c2d1e57-0e72-4d5f-b50c-31bc9f2bc59f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.45, "x": 0.53, "y": 0.4 }, "kind": "paragraph", "text": "1 - Amazon is developing a POS system to compete with Shopify and PayPal", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7335e7f0-7a71-48f7-a484-899356e2d0c0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.45, "x": 0.02, "y": 0.4 }, "kind": "paragraph", "text": "Amazon developing new point-of-sale system to attract small businesses - Insider", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "74ce1c33-05a4-454b-800f-9a8ecd47013b", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "Amazon is developing a POS system to compete with Shopify and PayPal — Forbes", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-64cf-7128-a31a-446c18ecc42b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.68, "x": 0.29, "y": 0.06 }, "kind": "title", "text": "Amazon Enters POS Market, Increasing Competition", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b3688bbd-58d4-4c05-ad2a-72087e8097e5", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }