{
  "docId": "019dd923-622c-750b-8b9a-1cc056790523",
  "docSlug": "340e94a59fc0",
  "documentTitle": "IonQ Inc. (IONQ)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-05-03 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 99,
  "pageCount": 183,
  "prevPage": 98,
  "nextPage": 100,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses strong, emotive language ('doomed', 'pernicious', 'joke', 'catastrophic') to undermine the company's technical credibility.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-1cc056790523/99",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1cc056790523#slide-99",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "IonQ’s trapped-ion technology is doomed by “pernicious” error rates, a key performance metric and fatal flaw in contrast to misleading benchmarks that portray errors as low.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd81-f7b6151b258e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.9,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "paragraph",
      "text": "Virtually every ex-employee and expert we interviewed slammed its error rates as a joke, describing a catastrophic “chain process” where errors compound like a game of telephone: “your answer is totally garbled”: “your entire computation breaks down after a few steps”; “your chances of getting the right answer diminish very, very quickly” given the tendency for “very small errors to accumulate.” A leading expert and friend of the founders stated that their error rates need to be 100 times lower; alleged that Monroe’s error rates have stagnated at the same level “for 10 years, 15 years, 20 years”; and that “I just don’t see how it’s going to work.”",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c0ec517d-93d1-4653-b7bd-d9755b02e14f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“your answer is totally garbled”: “your entire computation breaks down after a few steps”; “your chances of getting the right answer diminish very, very quickly” — Anonymous ex-employees and experts; “for 10 years, 15 years, 20 years”; “I just don’t see how it’s going to work.” — Leading expert and friend of the founders",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd81-fbae45c53aba",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "8. IonQ’s trapped-ion technology is doomed by “pernicious” error rates, a key performance metric and fatal flaw in contrast to misleading benchmarks that portray errors as low.",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c144428b-ae8a-4d6f-987a-12dc7f841d81",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "c5dde25b-605c-4a70-ba4e-5dca3d7aec4c",
      "evidence": "The slide explicitly frames the company's technology as a 'fatal flaw' and uses negative expert testimony to define the 'villain' of the investment thesis.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}