Publicis, the biggest drop in the CAC 40 at the close of Tuesday May 24, 2022

Publicis (-7.42% €50.4)
The communications specialist suffered from the warning from Snap, the parent company of the Snapchat messaging service. Its business model is indeed based on advertising. “Since we published our guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than expected. As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the lower end of our Q2 2022 guidance range.”

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