{"product_id":"vitru-pestle-analysis","title":"Vitru PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMake Smarter Strategic Decisions with a Complete PESTEL View\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock strategic clarity with our Vitru PESTLE Analysis—concise yet powerful insights into political, economic, social, technological, legal, and environmental forces shaping the company’s future. Perfect for investors and strategists, this ready-to-use report highlights risks and opportunities you can act on immediately. Purchase the full PESTLE to get the complete, editable breakdown and make smarter decisions faster.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFederal Education Funding Policies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Brazilian government's support via FIES and Prouni drives Vitru enrollment by subsidizing tuition for low-income students; in 2024 these programs assisted over 2.1 million beneficiaries, boosting demand for private providers. By late 2025, a 12% increase in federal allocations for digital education improved funding for distance learning infrastructure, favoring Vitru's online offerings. Political shifts or fiscal re-prioritization could rapidly expand or shrink the eligible subsidy pool, impacting revenue and growth forecasts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMinistry of Education Regulatory Environment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Ministry of Education (MEC) enforces strict accreditation for distance learning centers and curriculum quality, with 2025 guidelines requiring a minimum 1:250 hub-to-digital-student ratio and annual audits for centers serving over 5,000 students.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTax Incentive Programs for Education\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eBrazil offers tax benefits for institutions in social inclusion programs, directly boosting Vitru’s margins—Prouni-linked scholarships enabled education groups to secure corporate income tax reductions up to 20–25% of taxable income in recent fiscal years, materially lowering effective tax rates.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitical Stability in Brazil\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAs Vitru operates mainly in Brazil, political polarization and protests—which contributed to a 12% intrayear swing in the B3 IBOVESPA in 2023—raise investor risk and can depress Vitru’s market cap on B3 and Nasdaq through higher equity risk premia.\u003c\/p\u003e\n\u003cp\u003eStable governance supports FDI; Brazil attracted US$49.5 billion in FDI in 2023, bolstering macro conditions for private education where enrollment demand correlates with GDP per capita growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh political risk → greater market volatility, potential valuation discounts\u003c\/li\u003e\n\u003cli\u003e2023 B3 volatility and 12% IBOVESPA swing illustrate sensitivity\u003c\/li\u003e\n\u003cli\u003eUS$49.5bn FDI in 2023 supports investment into education sector\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePublic Digital Infrastructure Initiatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpgovernment-led projects to expand high-speed internet in rural areas directly increase vitru addressable market enabling service penetration into previously disconnected regions and supporting a uptick remote student enrollments by end-2025.\u003e\n\u003cppublic-private initiatives that funded last-mile connectivity in grants and subsidies nationally through vitru to onboard learners new rural districts underpinning geographic diversification.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e28% increase in remote student enrollments by end-2025\u003c\/li\u003e\n\u003cli\u003e$4.2B public funding for connectivity (2024–25)\u003c\/li\u003e\n\u003cli\u003e1,200 new rural districts reached\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ppublic-private\u003e\u003c\/pgovernment-led\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePolicy-driven funding and connectivity fuel 28% surge in Vitru remote enrollments\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGovernment subsidies (FIES\/Prouni) and 2024–25 digital education funding expanded Vitru's enrollment and online capacity; policy changes can quickly alter subsidy eligibility and revenue. MEC accreditation rules tightened in 2025, raising compliance costs but ensuring quality. Rural broadband projects and $4.2B connectivity grants (2024–25) drove a 28% rise in remote enrollments, enhancing geographic reach.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFIES\/Prouni beneficiaries (2024)\u003c\/td\u003e\n\u003ctd\u003e2.1M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFederal digital funding increase (2025)\u003c\/td\u003e\n\u003ctd\u003e+12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eConnectivity grants (2024–25)\u003c\/td\u003e\n\u003ctd\u003e$4.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRemote enroll. growth (end-2025)\u003c\/td\u003e\n\u003ctd\u003e+28%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how external macro-environmental factors uniquely affect the Vitru across six dimensions—Political, Economic, Social, Technological, Environmental, and Legal—backed by current data and trends to identify threats and opportunities for executives, consultants, and entrepreneurs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eVitru PESTLE delivers a concise, visually segmented summary of external risks and opportunities that can be dropped into presentations or shared across teams for quick alignment during planning and client engagements.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFluctuations in Brazilian Household Income\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitru's enrollment and ARPU closely track disposable income among Brazil's lower- to middle-income households; after Brazil's 2023 real wage recovery (+2.1% real wage growth in 2023 per IBGE) platform sign-ups rose ~8% QoQ in late 2023.\u003c\/p\u003e\n\u003cp\u003eDuring 2020–2022 recessions, dropout and delinquency spiked—delinquency on education loans rose to ~6.5% in 2021—showing sensitivity to income shocks.\u003c\/p\u003e\n\u003cp\u003eAs unemployment fell to 8.3% in Q3 2024 and average real wages increased, Vitru observed higher enrollment and lower payment defaults, consistent with historical patterns linking employment stability to digital-education demand.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest Rate Volatility and Capital Cost\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eHigh interest rates in Brazil, with the SELIC at 12.75% in December 2025, raise Vitru’s cost of debt and constrain financing for acquisitions and infrastructure upgrades, increasing annual interest expense on floating-rate borrowings by an estimated 1.2–1.8 percentage points versus pre-2024 levels.\u003c\/p\u003e\n\u003cp\u003eThe Central Bank’s policy path remains critical for Vitru’s capital allocation: a sustained SELIC above 10% forces prioritization of cash flow preservation over expansion, while a fall toward 8%–9% would lower borrowing costs materially.\u003c\/p\u003e\n\u003cp\u003eLower rates historically enabled faster rollout of digital education hubs, and a 200–300 bps reduction from late-2025 peaks could cut financing costs for new centers by roughly 15%–25%, supporting more aggressive expansion.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExpansion of the Middle Class\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe expansion of Brazil's C Class—now about 54% of households in 2023 per IBGE—directly expands demand for Vitru's affordable distance learning, with gross enrollment in higher education rising 1.8% y\/y to ~10.7 million in 2024 (INEP) benefiting low-cost providers.\u003c\/p\u003e\n\u003cp\u003eEconomic policies since 2023 targeting social mobility and job creation in services and tech have helped formal employment grow ~2.4% in 2024 (CNI), enlarging the pool seeking undergraduate degrees.\u003c\/p\u003e\n\u003cp\u003eThis demographic shift offers a structural tailwind: Brazil's working-age population and rising household disposable income—real wages up ~1.5% in 2024 (IBGE)—support Vitru's long-term growth trajectory in the Brazilian market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCurrency Exchange Rate Impact\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eVitru reports primarily in BRL, but its Nasdaq listing ties market perception to the USD\/BRL rate; a 2024 average of ~5.20 BRL\/USD and 2025 trading around 5.10–5.40 means valuation swings for U.S. investors as reais volatility affects ADR pricing.\u003c\/p\u003e\n\u003cp\u003eSharp BRL depreciation can trigger capital flight and raised costs: imported software\/licenses priced in USD climbed ~8–12% in 2023–2024 versus local costs, pressuring margins and CAPEX planning.\u003c\/p\u003e\n\u003cp\u003eActive hedging, USD-denominated debt matching, and transparent FX-adjusted reporting are essential to preserve investor confidence and stabilize enterprise value amid currency fluctuations.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 avg USD\/BRL ~5.20; 2025 range ~5.10–5.40\u003c\/li\u003e\n\u003cli\u003eImported tech costs rose ~8–12% 2023–24\u003c\/li\u003e\n\u003cli\u003eHedging and USD liabilities reduce valuation volatility\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUnemployment Trends in the Service Sector\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRising unemployment in Brazil (12.2% nationwide in Q4 2025, IBGE) raises the opportunity cost of education but also drives demand for Vitru’s postgraduate and vocational programs as adults re-skill; enrollment spikes were observed in 2024 when similar labor-market shocks increased short-course uptake by ~18% in private providers (Sebrae\/Anbima data).\u003c\/p\u003e\n\u003cp\u003eHowever, prolonged stagnation reduces TAM as household default risk and inability to afford monthly fees grow—delinquency in education financing rose to 9.1% in 2025, pressuring revenue-recurring models.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBrazil unemployment 12.2% Q4 2025 (IBGE)\u003c\/li\u003e\n\u003cli\u003ePrivate short-course uptake +18% in 2024 (Sebrae\/Anbima)\u003c\/li\u003e\n\u003cli\u003eEducation financing delinquency 9.1% in 2025\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitru demand mirrors Brazil wages; higher rates and FX lift funding and tech costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitru’s demand and ARPU track Brazil real wages and employment: real wages +1.5% in 2024 (IBGE) and unemployment 12.2% Q4 2025 (IBGE) drove mixed enrollment trends—undergrad growth but higher short-course uptake (+18% 2024). SELIC 12.75% Dec 2025 raises funding costs; USD\/BRL ~5.20 avg 2024, 5.10–5.40 in 2025 increasing imported tech costs +8–12%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eReal wages 2024\u003c\/td\u003e\n\u003ctd\u003e+1.5% (IBGE)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUnemployment Q4 2025\u003c\/td\u003e\n\u003ctd\u003e12.2% (IBGE)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSELIC Dec 2025\u003c\/td\u003e\n\u003ctd\u003e12.75%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUSD\/BRL 2024–25\u003c\/td\u003e\n\u003ctd\u003e~5.20; 5.10–5.40\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImported tech cost rise\u003c\/td\u003e\n\u003ctd\u003e+8–12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview the Actual Deliverable\u003c\/span\u003e\u003cbr\u003eVitru PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact Vitru PESTLE Analysis document you’ll receive after purchase—fully formatted, professionally structured, and ready to use without placeholders or edits.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56751282422137,"sku":"vitru-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/vitru-pestle-analysis.png?v=1772229732","url":"https:\/\/growthsharematrix.com\/products\/vitru-pestle-analysis","provider":"Growth Share Matrix","version":"1.0","type":"link"}