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  "documentTitle": "TaskUs, Inc. (TASK)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-01-20 00:00:00",
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      "text": "We find irrefutable evidence of financial reporting and control weaknesses. There is clear evidence that either TASK has historically embellished the size and scale of its business or made careless mistakes. The CEO claimed 15,000 employees worldwide in 2018, while numbers recently stated in the IPO prospectus claim 13,800.",
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      "text": "The CEO claimed 15,000 employees worldwide in 2018, while numbers recently stated in the IPO prospectus claim 13,800.",
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      "text": "Headcount: 15,000",
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      "kind": "quote",
      "text": "\"2018 was the best year in TaskUs history,\" said CEO Bryce Maddock. \"Jaspar and I started this company with $20,000 and a one room office in the Philippines; so, I am a bit awestruck by the accomplishments of our team this year, which include the Blackstone investment, being named one of the world's 100 best places to work by Glassdoor and growing to over 15,000 people worldwide. I am so proud of what the team has accomplished.\"",
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      "kind": "quote",
      "text": "\"2018 was the best year in TaskUs history,\" said CEO Bryce Maddock. \"Jaspar and I started this company with $20,000 and a one room office in the Philippines; so, I am a bit awestruck by the accomplishments of our team this year, which include the Blackstone investment, being named one of the world's 100 best places to work by Glassdoor and growing to over 15,000 people worldwide. I am so proud of what the team has accomplished.\" — TaskUs Announces Meteoric Growth in 2018, Jan 24, 2019, Businesswire",
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      "text": "Source: IPO Prospectus, p. 23",
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      "text": "Source: \"TaskUs Announces Meteoric Growth in 2018,\" Jan 24, 2019, Businesswire",
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      "text": "Key Operational Metrics: Headcount (approx. at period end)(1) 23,600 18,400 13,800 Net revenue retention rate(2) 117% 139% 121%",
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      "kind": "title",
      "text": "Problematic Workforce Claims: Part 2",
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