Summary
Between July and August last year, shares of Criteo (CRTO) quickly dropped over 30% following downside Q3 and lowered guidance. Although the stock looked optically cheap, in this article I recommended readers to disregard bullish “buy the dip” calls and remain on the sidelines. Several concerns were of interest: 1) the ITP impact related to the Apple (AAPL) ecosystem 2) the GDPR law implementation in Europe, 3) the metamorphosis of several long-term customers, namely Facebook (FB) and Amazon (AMZN) in competitors. All mentioned worries have proven