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  "docSlug": "9551be67f14d",
  "documentTitle": "Perion Network Ltd. (PERI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-05-23 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 56,
  "pageCount": 127,
  "prevPage": 55,
  "nextPage": 57,
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  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses Wayback Machine screenshots to highlight the removal of a partner logo.",
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      "kind": "callout",
      "text": "We believe this supports our opinion that the challenges faced by PERI's search business are more permanent then temporary.",
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      "text": "CodeFuel Website: Jan 2021 - Feb 2023",
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      "text": "Current CodeFuel Website",
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      "kind": "paragraph",
      "text": "Yandex is a search partner of PERI that has been under pressure as a result of its Russian ties and sanctions due to the war with Ukraine.(1) Spruce Point finds that CodeFuel's website recently removed it as a partner. We believe this supports our opinion that the challenges faced by PERI's search business are more permanent then temporary.",
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      "kind": "quote",
      "text": "“Russia’s Yandex seeks Putin’s approval for restructuring” — Reuters",
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      "text": "(1) \"Russia's Yandex seeks Putin's approval for restructuring\", Reuters",
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      "text": "Spruce Point Has Found Evidence That Perion Just Retracted A Partnership With Yandex",
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      "position": 0,
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