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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 71 slides",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "Uses a quote-contradiction framework to undermine executive credibility.",
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      "text": "Next Fiscal Year Adjusted EBITDA Guidance ($M)",
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      "text": "The Company has revised forward-looking guidance downward in each of the last five quarters. In November 2021, Peloton announced a $1 billion stock offering just two weeks after Ms. Woodworth dismissed the possibility of a capital raise.",
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      "text": "\"...[W]e don't see the need for any additional capital raise based on our current outlook.\"2 – Jill Woodworth, two weeks before Peloton announced a $1 billion stock offering",
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      "text": "(1) Source: FactSet and Company filings. Data as of April 8, 2022. (2) Source: Peloton 1Q 2022 Earnings Call.",
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      "text": "CFO JILL WOODWORTH HAS SHOCKINGLY REMAINED IN HER ROLE",
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