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  "docSlug": "85d244dae869",
  "documentTitle": "DoubleVerify Holdings, Inc. (DV)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-05-02 00:00:00",
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  "notes": "Uses a table-like structure to contrast official 10-K language with various CEO/CFO statements and external analyst commentary.",
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      "text": "DV refers to brands and customers interchangeably. However, one customer can have multiple brands. A DV former employee Spruce Point interviewed expressed a belief there was an internal misunderstanding of what was considered a customer.",
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      "text": "Our blue-chip customer base includes many of the largest global brands. We serve over 1,000 customers that are diversified across all major industry verticals, including consumer packaged goods, financial services, telecommunications, technology, automotive and healthcare. — DoubleVerify 10-K",
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      "text": "Source: DV Earnings and Conference Transcripts",
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      "text": "Potential Customer Overstatement",
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