Carbonite dropped Rush; investors drop Carbonite, stock plummets

The computer ‘back-up’ company crashed. Carbonite led the charge of companies dropping Rush Limbaugh. Well, investors dropped Carbonite. It was one of the biggest decliners on the NASDAQ on Tuesday.

Shadenfreude can be delicious.


From the Daily Caller,

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 We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse.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.

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By Say It Ain't So Posted in Heh.

3 comments on “Carbonite dropped Rush; investors drop Carbonite, stock plummets

  1. I will make a prediction. Pro-Flowers stock will not plummet even though they dropped Limbaugh. Why? Because Pro-Flowers is owned by Liberty Media. Liberty Media’s is the single largest stockholder of ……guess who?…..Rupert Murdock. This whole drop in Carbonite stock should be investigated. My guess is it is one or two huge players like the Koch Brothers or Grover Norquist who has pulled their stock from this small company. This proves who runs the GOP—-big business. And they expect Limbaugh to keep up the smoke, deliver their message and draw attention away from the fact that they are running the Tea Party and people in the house. And the far right is too stupid to see it.

    • Hey nancy. Put down your crack pipe for awhile. Who do you think gives the left and the spoiled brats who were in our streets raping and making amess of things? George soros. But in your tree hugging spotted owl communist utopia glasses, he’s ok right?

  2. And who do you think is running the Democrat Party, Flower Children? It is the same for both, Banks “too big to fail”, Wall Street, Big Lbor Unions, Huge Attorney firms, are some of Obama’s biggest contributors, and usually give 10 to 1 the amount to Democrats that they do to Republicans. They are both in bed with big business.

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