Perion’s stock takes hit as Microsoft Bing ends partnership
Monday, 10 June 2024, 12:21
Key Highlights
The stock of Perion witnessed a sharp decline after losing the partnership with Microsoft Bing.
Impact on Market Position
- The sudden termination of the Bing business deal has raised concerns among investors.
- This development underscores the volatile nature of the ad-tech sector.
The fallout from this event has significant implications not only for Perion but also for the broader ad-tech industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.