Havas shares hit the floor
Havas SA, the owner of the Euro RSCG Worldwide advertising agency, is hitting the floor right now - Bloomberg is reporting that all hell broke loose the second Deutsche Bank AG lowered its rating on the stock to sell.
This is a disaster of epic proportions. Some have accused Havas to be technologically backwards in terms of InterActive and SEO, others have accused management of being just mean to their employees. Some said that it’s because they live in the the Taj Mahal in terms of spending, but only have revenues to support a fraction of that.
It’s just a bloodbath out there, and Havas is getting the brunt of it.
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