Why Criteo S.A. Stock Fell 14.8% in September
Shares of Criteo S.A. (NASDAQ: CRTO) stumbled by 14.8% in September, according to data from S&P Global Market Intelligence, after a noted short-seller accused the advertising retargeting company of fraud.
More specifically, short-selling specialist Gotham City Research issued a scathing report last month in which it alleges more than half of websites using Criteo "are of suspect quality," while further arguing the company regularly "takes credit for clients' sales it did not contribute to, and in some cases, that never actually occurred."
IMAGE SOURCE: CRITEO.
Source: Fool.com