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  "documentTitle": "Hims & Hers Health, Inc. (HIMS)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-07-13 00:00:00",
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  "notes": "Uses direct quotes to undermine the company's value proposition.",
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      "text": "We believe most HIMS products are completely commoditized. Though it claims its brand is a differentiator, we believe its only competitive differentiator is easy access to prescriptions, which customers pay for via higher prices. Interestingly, both former executives and physicians noted just how easy it would be for HIMS customers to game the system: get easy access to a prescription and then buy drugs more cheaply elsewhere.",
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      "text": "We believe most HIMS products are completely commoditized. Though it claims its brand is a differentiator, we believe its only competitive differentiator is easy access to prescriptions, which customers pay for via higher prices.",
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      "text": "For HIMS and other telemedicine companies, by law, they can't force somebody to fill the prescription at their partner pharmacy. Technically if somebody requested to fill at their local pharmacy, then we would have to honor that. — Spruce Point Interview With Former HIMS Physician",
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      "text": "Feedback From Former HIMS Employees And Physicians",
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      "text": "How Sustainable Is A Business Model That Can Be Easily Gamed?",
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