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  "documentTitle": "Starboard Value Wix Presentation October 2022",
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  "notes": "The slide uses a callout box with a red dashed border to emphasize the discrepancy between headcount growth (3.5x) and revenue growth (2.1x).",
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      "kind": "callout",
      "text": "Wix's headcount in this function has increased ~3.5x while revenue has increased ~2.1x over this time",
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      "text": "Source: Company filings, Capital IQ.",
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      "text": "We Believe Wix Has A Significant Margin Expansion Opportunity (Cont'd)",
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