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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 71 slides",
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  "nDataPoints": 4,
  "notes": "The chart highlights Peloton's significant underperformance (-37%) compared to its peers and the broader market.",
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      "kind": "chart",
      "text": "Peloton TSR Since Leadership Transition",
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      "text": "(1) Source: FactSet. Note: Data as of April 8, 2022. “Subscription Peers” include Match Group, Netflix, Roku, Sirius XM and Spotify. “Proxy Peers” include DocuSign, GoDaddy, JustEat, Okta, RingCentral, Roku, Splunk, Twilio, Workday, Zendesk, Zillow and Zynga.",
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      "kind": "title",
      "text": "PELOTON HAS CONTINUED TO UNDERPERFORM SINCE CHANGES WERE ANNOUNCED",
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      "evidence": "The deck emphasizes the need for change and the risks of not taking action",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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