ENCOMONY:: Investors flee CARBONITE after Limbaugh announcement – Daily Caller

By at March 6, 2012 | 7:37 pm | Print

ENCOMONY:: Investors flee CARBONITE after Limbaugh announcement –  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 We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse.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.

via Carbonite | Rush Limbaugh | Sandra Fluke | The Daily Caller.

Economy Election 2012 General News Politics , , , ,

Related Posts

Leave a Reply

You must be logged in to post a comment.

Featuring Recent Posts WordPress Widget development by YD