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  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
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  "presentationDate": "2022-10-01 00:00:00",
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  "slideType": "problem_statement",
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  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The chart highlights a 76% decline using a trend line.",
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      "text": "(76%)",
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      "text": "Wix Share Price Performance (August 2021 – October 2022)",
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      "text": "Source: Capital IQ. Note: Returns adjusted for dividends and are from 8/1/2021 to 10/14/2022.",
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      "kind": "title",
      "text": "As Growth Slowed and Profits Disappeared, Wix’s Stock Price and Valuation Multiple Declined Significantly",
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      "text": "As Wix’s growth rates slowed over the last 18 months, its stock price and valuation multiple declined dramatically.",
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      "evidence": "The document highlights the problems and complications faced by Wix, Splunk, and Salesforce, including decelerated revenue growth, compressed margins, and subpar mix of growth and profitability.",
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