Point of view: Take stock of advertising
Faris YakobGenius Steals
A few days ago, the stock price of an advertising holding company (full disclosure: one I used to work for, and of which I still hold some stock) dropped dramatically. Usually stock prices move a few percentage points, but this stock dropped about 32% in a morning, erasing one third of the company's value in a couple of hours – the worst one-day stock performance since October 2001. (It later regained a couple of points.) That morning, the company announced that it was under investigation by the US Securities...