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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-04-17 00:00:00",
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  "notes": "Uses screenshots of product documentation to frame a regulatory risk.",
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      "text": "Screenshots taken straight from PowerSchool's website show the aim of Intersect is to send automated messages to a targeted group of students. We believe this is akin to targeted advertising which puts PowerSchool on tenuous ground re: SOPIPA laws.",
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      "text": "PowerSchool’s Intersect Connection and Advance Awareness products must comply with the 26 states who have passed SOPIPA laws with provisions prohibiting amassing student profiles and targeted advertising.",
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      "text": "PowerSchool's Intersect Connection and Advance Awareness products must comply with the 26 states who have passed SOPIPA laws with provisions prohibiting amassing student profiles and targeted advertising. Spruce Point believes if regulators decided to investigate PowerSchool's activity, the Company could face punitive actions, forcing it to alter or discontinue its Intersect product altogether.",
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      "text": "Source: PowerSchool's Intersect Help Center",
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      "text": "We Believe PowerSchool Operates On Tenuous Ground In Relation To SOPIPA Laws",
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