Phorm Share Price Dives After BT Pulls Out

Shares in the contentious online advertising company Phorm have plummeted notably by more than 40 percent after BT notified that it had no “immediate plans” for using the company’s targeted advertising technology.  The advertising firm Phorm has drawn severe criticisms from privacy enthusiasts for creating an online network that connects ISPs, advertisers, as well as online publishers to dish up targeted adverts to the users based on their...