{
  "docId": "019f6b8f-6a7b-7439-a2d1-f1c88e2f670d",
  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
  "authorId": "starboard-value-wix-presentation-october-2022",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-10-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 18,
  "pageCount": 65,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "sparse",
  "nDataPoints": 9,
  "notes": "Includes a historical 2019 data point for Wix for context.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d/18",
  "deckHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d",
  "deckJsonHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d.json",
  "deckAnchorHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.55,
        "w": 0.75,
        "x": 0.12,
        "y": 0.25
      },
      "kind": "chart",
      "text": "2022E Free Cash Flow Margins",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "961fdd5f-c623-42d7-9137-4254f3e0308b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: Capital IQ. Note: Starboard believes that the companies above provide appropriate peer comparisons.",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "920a5769-d269-4256-9c30-43039805a08e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "subtitle",
      "text": "Wix's margins are significantly lower than peers.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7cdfd991-da57-49d9-9adf-1e9824a7b6d9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "...Largely Due to Worst-in-Class Margins",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a744e13e-f1d6-46ef-89bb-bd34a5b60b15",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "0f11da4f-5072-43eb-b137-b843be29928a",
      "evidence": "Comparing Wix against a peer group to highlight underperformance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 23,
      "from": 4,
      "beatId": "b9248ea1-8333-46ec-b63f-9134c9f2b9e3",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "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.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}