{
  "docId": "019dd923-622c-750b-8b9a-83df2d8136b6",
  "docSlug": "40a11d17abe5",
  "documentTitle": "Qutoutiao, Inc. (QTT)",
  "authorId": "60_Wolfpack_Research",
  "authorName": "Wolfpack Research",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-01-17 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 16,
  "pageCount": 23,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "villain_critique",
  "function": "expose_gap",
  "density": "sparse",
  "nDataPoints": 14,
  "notes": "The slide uses a negative framing to highlight business model failure.",
  "elementsJson": [
    "line_chart",
    "bar_chart_vertical",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-83df2d8136b6/16",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-83df2d8136b6",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-83df2d8136b6.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-83df2d8136b6#slide-16",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The charts below illustrate QTT's disastrous business model:",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-70f7-7334-b225-f46b323e2bf8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.78,
        "x": 0.12,
        "y": 0.51
      },
      "kind": "chart",
      "text": "Gross Profit Less Loyalty Expenses per DAU per Day",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7490d374-d600-4ad9-841c-1f7841245b05",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.78,
        "x": 0.12,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Total Installed Users vs. Combined Average DAUs (Millions)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "60da49f0-9fea-4106-9baf-f580ad1e1d05",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Gross Profit Less Loyalty Expenses per DAU: -¥0.11",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-70f7-7334-b225-f907554e4350",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.12,
        "y": 0.12
      },
      "kind": "title",
      "text": "The charts below illustrate QTT's disastrous business model:",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90a82146-787d-4bb9-953a-08fb38c0d395",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}