{
  "docId": "019dd923-622c-750b-8b99-2905b0287b60",
  "docSlug": "87c1ab1e2597",
  "documentTitle": "TaskUs, Inc. (TASK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-01-20 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 67,
  "pageCount": 80,
  "prevPage": 66,
  "nextPage": 68,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 12,
  "notes": "Uses a red box and red arrow to visually highlight the contradiction between the table data and the historical claims list.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "data_table",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-2905b0287b60/67",
  "deckHref": "/decks/019dd923-622c-750b-8b99-2905b0287b60",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-2905b0287b60.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-2905b0287b60#slide-67",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.83,
        "x": 0.085,
        "y": 0.185
      },
      "kind": "callout",
      "text": "There are troubling consistencies with the reported office site counts and claims made by TaskUs. Its historic claim was 5 and 18 offices in 2017 and 2018. This has been revised in its SEC filings to 9 and 14 office sites, respectively.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8675c2ef-80c1-4b2e-9031-83b91876079e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.22,
        "w": 0.52,
        "x": 0.18,
        "y": 0.65
      },
      "kind": "list",
      "text": "Over $500M valuation; Significant investment from Blackstone; 15 awards; 15,000 employees, up 87.5% from 2017; 18 offices, up 5 from 2017",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7ac06f1a-2cb9-4093-ade0-5cdf0413df5c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.15,
        "x": 0.18,
        "y": 0.595
      },
      "kind": "source-note",
      "text": "Source: IPO Prospectus, p. 134",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7ae52ef2-e268-464f-b879-cf6f7bbeba9d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.18,
        "y": 0.905
      },
      "kind": "source-note",
      "text": "Source: “TaskUs Announces Meteoric Growth in 2018,” Jan 24, 2019, Businesswire",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c498e91a-1cf2-49f5-b15e-1708c70ce210",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.17,
        "y": 0.39
      },
      "kind": "table",
      "text": "Year 2017 2018 2019 2020 Total Sites 9 14 15 18(1) Countries Entered 1 (Mexico) 1 (Taiwan) 1 (India) 3 (Greece, Ireland, Colombia) Total Countries 3 4 5 8",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ccbbd4a-7d76-481c-aeec-59a10f4fc55e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.48,
        "x": 0.307,
        "y": 0.06
      },
      "kind": "title",
      "text": "Inconsistent Office And Country Claims",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75e8c430-185d-41ef-a4c1-9f674b029067",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "4520552f-c6af-4d69-a8f6-2b7728410824",
      "evidence": "Direct comparison of historical claims vs SEC filings to identify inconsistencies.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 80,
      "from": 6,
      "beatId": "aaba061d-8594-4dac-999c-686f29277072",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The majority of the presentation is dedicated to exposing contradictions and concerns about TASK's financials, management, and market position.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}