{"scope": "industry", "title": "Internet Content & Information", "sector": "Communication Services", "industry": "Internet Content & Information", "intelligence": {"score": 24, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 84, "confidence_label": "Deep evidence", "filings": 1313, "companies": 26, "insiders": 267, "signal_events": 338, "acquisition_events": 19, "disposal_events": 319, "acquisition_share": 5.6, "disposal_share": 94.4, "acquisition_value": 28258066.2475, "disposal_value": 446465208.2166, "net_value": -418207141.9691, "acquisition_value_label": "$28.3M", "disposal_value_label": "$446.5M", "net_value_label": "-$418.2M", "data_quality": 42, "priced_common_share": 30, "latest_date": "2026-07-24", "latest_signal_date": "2026-07-24", "oldest_date": "2026-05-12", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 693, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 423, "bar_width": 61.0}, {"key": "derivative", "label": "Options and derivatives", "count": 2, "bar_width": 0.3}, {"key": "other", "label": "Other securities", "count": 195, "bar_width": 28.1}], "roles": [{"label": "Director", "count": 469, "bar_width": 100.0}, {"label": "Other executive", "count": 446, "bar_width": 95.1}, {"label": "Large holder", "count": 140, "bar_width": 29.9}, {"label": "Finance leadership", "count": 136, "bar_width": 29.0}, {"label": "CEO and chair", "count": 97, "bar_width": 20.7}, {"label": "Other or unspecified", "count": 25, "bar_width": 5.3}], "supports": ["19 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 267 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 20, "disposals": 46, "qualified_acquisitions": 0, "qualified_disposals": 14, "total": 66, "height": 21.5, "acquisition_height": 30.3, "disposal_height": 69.7}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 71, "disposals": 60, "qualified_acquisitions": 0, "qualified_disposals": 31, "total": 131, "height": 42.7, "acquisition_height": 54.2, "disposal_height": 45.8}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 68, "disposals": 70, "qualified_acquisitions": 6, "qualified_disposals": 23, "total": 138, "height": 45.0, "acquisition_height": 49.3, "disposal_height": 50.7}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 150, "disposals": 157, "qualified_acquisitions": 5, "qualified_disposals": 80, "total": 307, "height": 100.0, "acquisition_height": 48.9, "disposal_height": 51.1}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 12, "disposals": 97, "qualified_acquisitions": 0, "qualified_disposals": 17, "total": 109, "height": 35.5, "acquisition_height": 11.0, "disposal_height": 89.0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 39, "disposals": 62, "qualified_acquisitions": 3, "qualified_disposals": 29, "total": 101, "height": 32.9, "acquisition_height": 38.6, "disposal_height": 61.4}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 3, "disposals": 31, "qualified_acquisitions": 1, "qualified_disposals": 28, "total": 34, "height": 11.1, "acquisition_height": 8.8, "disposal_height": 91.2}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 3, "disposals": 40, "qualified_acquisitions": 0, "qualified_disposals": 31, "total": 43, "height": 14.0, "acquisition_height": 7.0, "disposal_height": 93.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 34, "disposals": 34, "qualified_acquisitions": 3, "qualified_disposals": 24, "total": 68, "height": 22.1, "acquisition_height": 50.0, "disposal_height": 50.0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Publishing", "score": 74, "confidence": 69}, {"label": "Telecom Services", "score": 57, "confidence": 86}, {"label": "Entertainment", "score": 49, "confidence": 84}, {"label": "Advertising Agencies", "score": 37, "confidence": 94}, {"label": "Broadcasting", "score": 36, "confidence": 73}, {"label": "Internet Content & Information", "score": 24, "confidence": 84}, {"label": "Electronic Gaming & Multimedia", "score": 12, "confidence": 78}], "leaders": {"constructive": [{"symbol": "BZFD", "name": "BuzzFeed Inc", "score": 76, "confidence": 67}, {"symbol": "MTCH", "name": "Match Group Inc", "score": 65, "confidence": 80}, {"symbol": "DIBS", "name": "1Stdibs.Com Inc", "score": 64, "confidence": 54}, {"symbol": "GRPN", "name": "Groupon Inc", "score": 63, "confidence": 48}], "cautious": [{"symbol": "GETY", "name": "Getty Images Holdings Inc.", "score": 12, "confidence": 80}, {"symbol": "ZIP", "name": "Ziprecruiter Inc", "score": 12, "confidence": 81}, {"symbol": "YELP", "name": "Yelp Inc", "score": 12, "confidence": 81}, {"symbol": "META", "name": "Meta Platforms Inc.", "score": 12, "confidence": 84}, {"symbol": "GOOG", "name": "Alphabet Inc Class C", "score": 12, "confidence": 84}, {"symbol": "SNAP", "name": "Snap Inc", "score": 12, "confidence": 89}, {"symbol": "MAX", "name": "MediaAlpha Inc.", "score": 12, "confidence": 91}, {"symbol": "BMBL", "name": "Bumble Inc", "score": 13, "confidence": 79}], "active": [{"symbol": "MAX", "name": "MediaAlpha Inc.", "score": 12, "confidence": 91}, {"symbol": "META", "name": "Meta Platforms Inc.", "score": 12, "confidence": 84}, {"symbol": "PINS", "name": "Pinterest Inc", "score": 17, "confidence": 88}, {"symbol": "EVER", "name": "EverQuote Inc Class A", "score": 20, "confidence": 84}, {"symbol": "ZIP", "name": "Ziprecruiter Inc", "score": 12, "confidence": 81}, {"symbol": "GETY", "name": "Getty Images Holdings Inc.", "score": 12, "confidence": 80}, {"symbol": "MTCH", "name": "Match Group Inc", "score": 65, "confidence": 80}, {"symbol": "YELP", "name": "Yelp Inc", "score": 12, "confidence": 81}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}