Wednesday, March 7, 2012

March 7, 2012 Investors flee Carbonite after Limbaugh announcement

On Saturday, Carbonite CEO David Friend released a statement on his company’s website declaring that Carbonite had decided to “withdraw” advertising from Rush Limbaugh’s radio show in the wake of his controversial remarks involving Georgetown Law student Sandra Fluke because it will “ultimately contribute to a more civilized public discourse”:

Even though Mr. Limbaugh has now issued an apology, we have nonetheless decided to withdraw our advertising from his show. We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse.

However, it hasn’t done much to contribute to his company’s stock price. Since the market opened on Monday through its close today, Carbonite stock (NASDAQ:CARB) has plummeted nearly 12 percent, outpacing the drop of the NASDAQ index in that same time period by nine-and-a-half points. It was also one of the biggest decliners on the NASDAQ on Tuesday.

MORE

Posted by at

9 comments:

  1. AnonymousMarch 8, 2012 at 12:53 AM

    So big deal, Rush is a big government neo con

    ReplyDelete
  2. Brock TownsendMarch 8, 2012 at 1:01 AM

    Absolutely. Ron Paul is the last hope.

    ReplyDelete
  3. AnonymousJanuary 28, 2013 at 3:58 PM

    Your way of explaining the whole thіng in this article is genuinеly good, all be ablе to simply know іt, Thаnks a lot.
    Feel free to visit my weblog - loans for bad credit

    ReplyDelete
  4. AnonymousFebruary 11, 2013 at 6:14 PM

    It is reallу a greаt and uѕeful
    piесе of info. І'm glad that you simply shared this useful info with us. Please keep us informed like this. Thanks for sharing.

    my web site: payday loans bad credit
    my webpage - payday loans bad credit

    ReplyDelete
  5. AnonymousFebruary 13, 2013 at 1:01 AM

    http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/http://www.maisiesloans.co.uk/It's remarkable to visit this web site and reading the views of all colleagues regarding this paragraph, while I am also keen of getting familiarity.

    Here is my blog post :: best payday loans
    My website ; %anchor_text%

    ReplyDelete
  6. AnonymousFebruary 23, 2013 at 1:36 AM

    Thank you for any оthеr infоrmatіve ѕite.
    The place else may just I get that type of infο writtеn in such а perfect way?
    I have a mіssion that I am јust now running on, and I have been οn the glance out fоr such info.


    Feel free tο vіѕit my ѕite - keyword

    ReplyDelete
  7. AnonymousFebruary 26, 2013 at 12:15 AM

    Hi, I dο think this is an excеllent web sitе.
    I stumbledupon it ;) I'm going to come back yet again since I book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

    Feel free to surf to my website: quick cash

    ReplyDelete
  8. AnonymousFebruary 26, 2013 at 11:23 AM

    Thanκs for аny οther infoгmative web
    site. Τhe place elѕе may јuѕt I am getting thаt tурe of
    info wrіtten in ѕuch аn іdeаl manner?
    I haѵe а unԁertаking that
    I am just now working on, and I've been on the glance out for such info.

    Feel free to surf to my homepage - best way to lose weight

    ReplyDelete
  9. AnonymousMarch 4, 2013 at 8:12 PM

    Asking queѕtions are trulу plеasаnt thіng if уou are not understanding something fully, howevеr this paragraph pгeѕents niсe unԁeгstanding evеn.


    Feel free to vіsіt my websіtе: payday loans

    ReplyDelete

Subscribe to: Post Comments (Atom)