It’s a public company, so it is responsible for a lot of money. Among the key findings from the Seeking Alpha story (and quoting them directly): The writer says the evidence he has uncovered suggests the market is reading the wrong message into the settlement and that Criteo is acting from a position of weakness. Seeking Alpha. Panagora Asset Management Inc closes position in CRTO / Criteo S.A. 2019-08-09 - Panagora Asset Management Inc has filed a 13F-HR form disclosing ownership of 0 shares of Criteo S.A (US:CRTO) with total holdings valued at $0 USD as of 2019-06-30. Through the legal process, both companies, as well as the online marketing industry, have gained greater clarity about the companies’ respective solutions”. Revenue and Revenue ex-TAC Revenue grew 9%, or 3% at constant currency, to $564 million (Q1 2017: $517 million). In addition to the points made above Criteo more directly references the author of the post whom it criticises. Not so fast. Newest first Before we get into the details, here are some things to consider. The Seeking Alpha report, headlined “‘Shakedown’: Advertisers ‘Swindled’ By Porn Traffic, Bots, And Adware As Criteo Settles ‘Click Fraud’ Litigation” gives you a pretty good flavour of the story. We provide just some of our evidence in this report.”. 2019-11-11 seekingalpha.com - 3 - It appears increasingly unlikely that a $1 billion business can withstand overt hostility from the likes of Amazon, Facebook, and Google. It settled its dispute with rival SteelHouse in November (prior to the commencement of legal discovery) after a vicious little ad fraud case dating back to the middle of this year. Canada Pension Plan Investment Board had filed a previous 13F-HR on 2019-05-15 disclosing 500,000 shares of Criteo S.A … By late October, a judge had dismissed the preliminary injunction sought by Criteo. He then cites research by Edelman, which runs a consulting business in the ad fraud space. Then, in September, SteelHouse issued further claims arguing that Criteo’s login files were “indicative of adware, bots, click farms, or other code”. Seeking Alpha - Criteo acquires Mabaya to boost Retail Media solutions Criteo (CRTO +0.6%) has acquired Mabaya, a retail media tech company, to complement its Retail … We also contacted one of the sources quoted in the Seeking Alpha report: Harvard Business School Professor Benjamin Edelman. While Criteo and SteelHouse are in the spotlight today, they are not alone. The Seeking Alpha report, headlined “‘Shakedown’: Advertisers ‘Swindled’ By Porn Traffic, Bots, And Adware As Criteo Settles ‘Click Fraud’ Litigation” gives you a pretty good flavour of the story. The claims stem from its legal dispute with US rival SteelHouse and, more recently, from an analysis by a blogger on US investment site Seeking Alpha. In Facebook’s case there was no suggestion of fraud — just stupidity. Panagora Asset Management Inc had filed a previous 13F-HR on 2019-05-15 disclosing 262 shares of Criteo S.A at a value of $5,000 USD. Andrew Birmingham is the editor-in-chief and publisher of Which-50. Seeking Alpha takes a look at Criteo’s positive outlook and explains why the company is an attractive opportunity for those looking to invest in the competitive online advertising space. By they time they had kissed and made up, however, their public spat and subsequent legal filings left some very serious questions unanswered. In a presentation in April 2015, Edelman told a UK investor show that “Criteo systemically buys adware injection inventory onto the very site where advertisers already have reached the user on the advertiser’s own site — I have caught this dozens of times for clients and each time Criteo apologises but each time they do it again — always through a new partner.”. More than 745,000 autonomous vehicles on the road by 2023: Gartner, COVER STORY: Consumers reject all online tracking without explicit consent, Neobank customers rate keeping up with technology much more highly than their peers, Ginni Rometty: Businesses are entering the second chapter of Digital Transformation, What we can learn about the future of retail from Alibaba’s $38 billion day, Coles eyes transformational supply chain investments, Which-50 Awards: HSBC – The Best In Analytics Innovation, One of Google Play’s most popular games is an ad fraud platform, say researchers, Cover Story: Australia Could Lead the World in AgTech. Seeking Alpha: Criteo S.A. EPS beats by $0.16, beats on revenue, guides Q2.. 05/5/2021: 13:00: PR Newswire (US) Criteo Reports Strong First Quarter 2021 Financial Results: 04/5/2021: 19:00: Seeking Alpha: Criteo S.A. Q1 2021 Earnings Preview: 29/4/2021: 22:07: Edgar (US Regulatory) Additional Proxy Soliciting Materials (definitive) (defa14a) Some 25 per cent of Criteo’s 2016 projected revenues are based on fraudulent clicks; Over 50 per cent of Criteo’s clicks (as measured by SteelHouse) had no original source (6x greater than industry average), suggesting potential “bot” traffic; 3.6 per cent of Criteo’s users generate 25 per cent of its clicks; Criteo is engaging in “click-cluster generation” even after the customer has purchased a product; 44.9 per cent of Criteo clicks come from “clusters” — 13x the industry standard; SteelHouse found one IP address that clicked on a Criteo ad 20,647 times across 96 of all 99 advertisers queried. ‘Shakedown’: Advertisers ‘Swindled’ By Porn Traffic, Bots, And Adware As Criteo Settles ‘Click Fraud’ Litigation, Google, Amazon, Adtechs Helping Fund COVID-19 Disinformation: Report, Criteo Under Investigation By French Data Protection Authority, Criteo shares hit by uncertainty over potential Google cookie changes, Trouble for Criteo as Facebook decertifies its marketing partnership, shares tank. In the meantime here is the full and complete joint statement from Criteo and SteelHouse on their settlement. During his career, he has reported on the Australian media, technology, finance, life science, and related sectors over a period spanning 20 years. We make money only when our clients do, because our business model is fully aligned to driving their sales. Criteo’s systems are regularly audited by external auditors.”. Seeking Alpha 12d: Criteo S.A. Q1 2021 Earnings Preview. Even Facebook was recently smacked around when it had to acknowledge it had “overestimated average time spent watching videos by between 60 per cent and 80 per cent”. How Does a CEO Balance Short-Term Incentives With Long-Term Sustainability Issues? “Criteo (NASDAQ: CRTO) and SteelHouse have dismissed their respective claims, ending the lawsuit filed in the U.S. District Court for the Central District of California entitled Criteo S.A. v. Steel House, Inc., Case No. A week ago (30 November) ago a blogger on investment site Seeking Alpha published a 35-page review into Criteo’s business practices and the conclusions are damning. 2019-11-11 seekingalpha.com - 3 - It appears increasingly unlikely that a $1 billion business can withstand overt hostility from the likes of Amazon, Facebook, and Google. That was just claim number one — and was followed by another 112 accusations from Criteo. But even in a terminal … Solutions. “By his own admission, the author’s motives in publishing the post were to obtain financial gains by short selling Criteo’s stock and to entice other investors to adopt the same conduct. Furthermore, from long experience, “facts” that seem definitive and damning can actually be explained away legitimately. 1 Criteo S.A. 2019 Q3 - Results - Earnings Call Presentation - Criteo S.A. (NASDAQ:CRTO) | Seeking Alpha … Canada Pension Plan Investment Board closes position in CRTO / Criteo S.A. 2019-08-12 - Canada Pension Plan Investment Board has filed a 13F-HR form disclosing ownership of 0 shares of Criteo S.A (US:CRTO) with total holdings valued at $0 USD as of 2019-06-30. It was issued on November first, the day before Criteo’s latest financial results. In 2010, Criteo opened an office in Silicon Valley. Criteo shares are up about 9% pre-market to $31.50. Retargeting platform Criteo has been smashed in two new reports. “Criteo (NASDAQ: CRTO) and SteelHouse have dismissed their respective claims, ending the lawsuit filed in the U.S. District Court for the Central District of California entitled Criteo S.A. v. Steel House, Inc., Case No. That’s because Criteo and SteelHouse both decided to end their standoff only after unloading every barrel on each other — then reloading and unloading again before finally abandoning a policy of mutually assured destruction. Get Started. Then, in November, the companies officially called a truce, releasing a joint statement that “Criteo and SteelHouse provide different business solutions, based on distinct attribution and pricing methodologies, to their clients. 500413 CRTO THOMASCOOK. By late October, a judge had dismissed the preliminary injunction sought by Criteo. We provide just some of our evidence in this report.”. 2 • This presentation contains “forward- looking” statements that are based on our management’s beliefs and assumptions and on information currently available to managemen Those 90 per cent of retained customers are entitled to that, surely. For Marketers; Get Noticed; Get Traffic; Get Sales Among those claims against Criteo by SteelHouse as reported by investment site Seeking Alpha: In Which-50’s view these issues constitute a clear matter of public interest for our industry. The following slide deck was published by Criteo S.A. in conjunction with their 2021 Q1 earnings call.... SA Transcripts on Seeking Alpha | May 5, 2021. Gsa Capital Partners Llp closes position in CRTO / Criteo S.A. 2020-11-06 - Gsa Capital Partners Llp has filed a 13F-HR form disclosing ownership of 0 shares of Criteo S.A (US:CRTO) with total holdings valued at $0 USD as of 2020-09-30. Criteo: Once Again, No Rush To Buy The Dip - Criteo S.A. (NASDAQ:CRTO) | Seeking Alpha. Forums . Criteo’s response, which we received overnight, is published in full: “The commentary published on Seeking Alpha by one anonymous contributor includes a number of unsubstantiated and false claims directed at Criteo and its business model. People’s. Criteo carries an extra burden. On Sunday, Which-50 asked Criteo via its Australian media representatives to respond specifically to some of the claims in the report. SteelHouse, which unlike Criteo does not seem to operate in Australia, should also address the issues raised about its behaviour. Seeking Alpha 12d: Criteo earnings preview: what Wall Street is expecting. Criteo and SteelHouse provide different business solutions, based on distinct attribution and pricing methodologies, to their clients. In the meantime here is the full and complete joint statement from Criteo and SteelHouse on their settlement. After an injunction requested by Criteo was denied in October 2016, both parties chose to mutually dropped their lawsuits in November 2016. On 4 October 2016, Criteo acquired HookLogic, a retail exchange, ad server and attribution company focused squarely on retailers, strengthening its ecommerce serving capabilities. Among those claims against Criteo by SteelHouse as reported by investment site Seeking Alpha: Some 25 per cent of Criteo’s 2016 projected revenues are based on fraudulent clicks; Over 50 per cent of Criteo’s clicks (as measured by SteelHouse) had no original source (6x greater than industry average), suggesting potential “bot” traffic; On a more positive note, though, Criteo was able to reduce non-GAAP operating expenses by $20m relative to the prior year, on lower R&D expenses (-19.5% YoY) from the … Criteo is the global market leader in delivering digital performance advertising. We do not use adware. In an emailed reply, Edelman made it clear he would not be commenting further on the story. Criteo has provided a point by point rebuttal to some — but not all — of the criticisms levelled at it in a recent Seeking Alpha story. SteelHouse denied the accusation and launched its own counter claim — accusing Criteo of injecting adware into users’ computers and of buying inventory from “non-reputable sources” to bump its numbers. Markets Insider Automation 13d: Start Trading >> Plus500. It … Then, in September, SteelHouse issued further claims arguing that Criteo’s login files were “indicative of adware, bots, click farms, or other code”. Criteo outlines an exciting new turnaround attempt amid concerns around its operating viability. The industry itself believes that as much as 11 per cent of inventory on third-party networks could be fraudulent — according to data seen by Which-50. CRTO Price Returns. Either way, this point, along with the others, needs answering. Vote 0 0 Undo Follow. Money. He also criticises the “black box” opacity of Criteo’s technology, which he compares unfavorably to Enron’s energy trading algorithms. He then cites research by Edelman, which runs a consulting business in the ad fraud space. Criteo To Host A Conference Call To Discuss Criteo's Commerce Marketing Ecosystem. It was issued on November first, the day before Criteo’s latest financial results. Other. Through the legal process, both companies, as well as the online marketing industry, have gained greater clarity about the companies’ respective solutions. Criteo is a Nasdaq-listed company with a market capitalisation of nearly $US2.5 billion. At this stage let’s also remember there are two sides to the litigation. Breaking News: Amazon Australia set for a ‘soft’ launch this Thursday at 2pm, Accenture Acquires cloud technology company Industrie&Co, Research: 75 Per Cent of CIOs Still Unprepared for Another Disruption, Lenovo implements eco-transparency with their United Nations partnered carbon offset program. In an emailed reply, Edelman made it clear he would not be commenting further on the story. Avec notre suite holistique de solutions publicitaires, retailers, marques et annonceurs de toutes tailles bénéficient de données et de technologies adaptées à leurs besoins, pour attirer et fidéliser leurs consommateurs. Summary. Criteo alleged, “This case is about a new click fraud scheme hatched by SteelHouse — a performance-based online marketing vendor — to steal credit for online sales attributable to its competitors and partners, and to wrongfully take credit for direct traffic attribution (sales to Internet shoppers who reached the e-tailer’s web site by typing the e-tailer’s web address into their web browsers, not by clicking on an online advertisement placed by Steelhouse).”. People’s. Open mobile menu. All very entertaining stuff, unless it’s your ad budget they happen to be arguing about. Social profit (in terms of sustainability and social good) and financial profit are increasingly intertwined, as savvy shareholders and an informed public demand corporations, large and small alike, use their influence for the good of the, City* Seeking Alpha 2d: Why The Trade Desk, Criteo, and Magnite All Fell Today. Industry* Criteo: A “Little-Known Online Advertising Engine Gem” Summary of Seeking Alpha’s January 13 article which called out Criteo as having "built an impressive online advertisement engine which works differently than many others." On Sunday, Which-50 asked Criteo via its Australian media representatives to respond specifically to some of the claims in the report. Facebook’s admission sent shockwaves through the industry, but it largely received the benefit of the doubt when it disclosed the error (which it attributed to its algorithms) and adjusted accordingly.
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