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Spruce Point Capital - Twitter

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Summary

Sector Shorts
Content Type Commentary
Website Twitter
Paywall No

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Average Rating 9.0
Ratings 1
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Ranking 105

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Twitter Update

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Picture of Spruce Point Capital - Twitter

What I learned on Wall Street this week. Nothing. Have a good weekend.

June 9, 2023, 8:05 p.m.

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Picture of Spruce Point Capital - Twitter

Melting cheese over at $SAP.TO #Saputo. And so strange that critics said we were wrong.... Oops!

June 9, 2023, 1:43 p.m.

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Picture of Spruce Point Capital - Twitter

Catch me today on @YahooFinance btw 3-4pm EST talking stocks with @AkikoFujita @SeanaNSmith @garfinks

June 5, 2023, 12:55 p.m.

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You've now had 2 critical short reports and 2 major news agencies @CNBC and @business question $AI and its claims, with many scathing allegations of it being a problematic place to work. A lawsuit also from a lawyer who took on the #Theranos #fraud questioning the $BKR…

June 2, 2023, 2:59 p.m.

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Picture of Spruce Point Capital - Twitter

Fantastic investigative journalism on $AI- everywhere you look into this stock promotion red flags emerge. We hadn't looked into the size of the BakerHughes Salesforce claims. Wouldn't suprise us at all if they were massively puffed just like the stock price

Last Call
has been a huge beneficiary of Wall Street's AI hype but short sellers and an investor lawsuit alleging $AI CEO Tom Siebel misrepresented metrics with one of its largest customers threaten to disrupt its momentum. @YasminKhorram reports.
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June 2, 2023, 12:24 a.m.

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If $AI had to change its ticker to something else, what should it be?

June 1, 2023, 6:19 p.m.

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Picture of Spruce Point Capital - Twitter

Cmon followers, help us get to the light and truth with $AI. Please like and retweet.

June 1, 2023, 2:38 p.m.

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Spruce Point is issuing an open letter to former @Yale President and $AI Board member Richard Levin. I was taught to seek "Lux et Veritas" - Light and Truth in my endeavors as a Yale student. Does Mr. Levin follow the same motto he stood behind while at Yale and does it guide him…

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June 1, 2023, 2:21 p.m.

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The story that no one is talking about in $AI. Why did just a few weeks ago ahead of a 100%+ move higher in its stock did it say "no irregularities" and now dropping a bombshell customer restatement and encyclopedic word salad buried on slides 29-31 of its supplemental?

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June 1, 2023, 12:59 p.m.

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Replying to @Bill Ackman

@BillAckman Respected, savvy but is he pro-business to the hard-working American business entrepreneur Bill? Giving 0.02% on savings accounts and CHARGING for the privileges' of wiring money to $JPM.

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Bill Ackman
Jamie Dimon is one of the world's most respected business leaders. Politically he is a centrist. He is pro-business and pro-free enterprise, but also supportive of well-designed social programs and rational tax policies that can help the less fortunate. He is extremely smart,…

May 31, 2023, 7:11 p.m.

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RBC, twice wrong on $NVEI, says no no no to @VancityReynolds, slashes target from $50 to $42. Still miles away from the current price. Have to keep dangling the upside potential carrot.

May 31, 2023, 5:08 p.m.

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We believe $PERI's incoming CEO said it without saying it to @FoxBusiness about #ChatGPT "While nobody can be sure where it will go" - our interpretation: it's bad for Perion, but I don't want to say it.

May 26, 2023, 7:53 p.m.

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Watching @CNBC; it's all about artificial intelligence. $PERI is a big loser from #AI. We believe revenue per search goes down from #ChatGPT as costs go up. #Margin #Squeeze. New obfuscation on server disclosures + dropping $AMZN #AWS. Have a good w/end

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May 26, 2023, 7:45 p.m.

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Is $PERI the best kept secret in #technology widely undiscovered by institutional tech investors, or an elaborate stock promotion scheme run by a CEO associated w/ a past public co. charged with revenue fraud by the SEC? Do your own homework, listen to our interview + decide for…

SumZero
Ben Axler, CIO of @sprucepointcap on $PERI “On the surface, Perion’s financials are world class placing them in a rarefied league of top tech companies. But, we don't find any inst'l caliber tech growth funds owning this co..." Full discussion here:

May 26, 2023, 4:45 p.m.

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oh and who could forget that the CFO is selling stock too

May 24, 2023, 12:58 p.m.

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Picture of Spruce Point Capital - Twitter

$PERI mgmt has had a day to say something, anything in response to our documented concerns, but dead silence instead. And with the stock down, and all that cash, instead of buying, they want to authorize more stock issuance. What are we missing here? #bearish #skeptic

May 24, 2023, 12:39 p.m.

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@MSFTAdvertising @bing It all looks good on paper, just a few arrows here and there with big numbers "millions" and "billions" of signals, investors will love it!

May 23, 2023, 7:13 p.m.

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My favorite 2 slides in our $PERI deck, the "iHub" #technology #promotion - the supply/demand "everything" #AdTech model. Just love how the most recent diagram changed; the arrows flipped directions?!?! + $MSFT @MSFTAdvertising @bing logos removed.

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May 23, 2023, 7:10 p.m.

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$PERI the cookie monster of #AdTech

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May 23, 2023, 7 p.m.

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Picture of Spruce Point Capital - Twitter

Congrats to @PerionNetwork for the awards it has won on SORT #cookie #less technology it gives away for free. Funny one of your awards was for the promo video, not the technology. And I'm glad that the Stevie judges stressed only a few minutes to review your submission before…

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May 23, 2023, 6:57 p.m.

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If $PERI is the best kept secret in #technology with the best margins, fastest growth and best management, isn't it odd that no institutionally focused technology growth funds own the stock? Oh wait, it's mostly #passive, #index and #quant #funds buying.. and #retail #investors…

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May 23, 2023, 6:33 p.m.

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Non-sensical capital usage should be a MAJOR red flag when evaluating $PERI. Despite its depiction of strong cash flow, they took $ from investors + haven't used it. Now, they want to increase share authorization by 20m. Why? Citing a reason 'to preserve and increase market…

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May 23, 2023, 6:18 p.m.

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Picture of Spruce Point Capital - Twitter

All I hear for the bull case on $PERI is "it's cheap" - yes because of all the shady things we're showing you and the "E, earnings" are going down so it's not cheap. But fair warning, the last time its cash flow was as weak as the Q1 it just reported, the stock was a single digit…

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May 23, 2023, 5:57 p.m.

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Picture of Spruce Point Capital - Twitter

Close to a 'smoking gun' on $PERI but need the public's help for more insights. Why did it buy Content IQ and have its financial audited by the same party on BOTH sides of the deal +why did $9m of receivables "vanish" upon consolidation. Undisclosed related-party deal? $39m of…

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May 23, 2023, 5:36 p.m.

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Picture of Spruce Point Capital - Twitter

Here a two minute "short" video on our $PERI "short" #Perion #stock #promotion

May 23, 2023, 5:22 p.m.

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