Why Perion Network Stock Plunged Today

Shares of Perion Network (PERI -28.29%) were tanking today after the company's relationship with Microsoft took another step back, crushing a key source of revenue for the ad tech company. Going from bad to worse This morning, the company said the relationship with Bing was essentially dead after it was notified by Bing that it was one of several publishers being excluded from its search distribution marketplace. Perion lowered its revenue guidance for the second quarter to a range of $106 million to$108 m ...