Blogger Edwin Dorsey criticizes Perion Network; shares slide

Perion Network

16/06/2022 16:56

** U.S.-listed shares of Perion Network  PERI.O  fall 11.3%
to a near one-year low of $16.41 
    ** Edwin Dorsey, who runs The Bear Cave substack blog,
criticizes co and says https://thebearcave.substack.com/p/problems-at-perion-network-peri?token=eyJ1c2VyX2lkIjozMjI5OTI2NiwiaWF0IjoxNjU1Mzg5OTA1LCJpc3MiOiJwdWItMjY4MjgiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.tXDk-4Tr8HYBhGmF_-0-trYjH4ZraHnap_goZitrsWc
 PERI's advertising revenue is driven by 'clickbait' sites
across the internet 
    ** In April, the Israeli advertising tech co reported that
display advertising revenue rose 80% to $68.6 million,
accounting for more than half of its total revenue in the first
quarter  urn:newsml:reuters.com:*:nBwBNXWpa
    ** Company was not immediately available for comment
    ** Up to last close, stock fell 28.1% this year

 (Reporting by Nandhini Srinivasan in Bengaluru)
 ((nandhini.srinivasan@thomsonreuters.com))