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Investors flee Carbonite after Limbaugh announcement (they dumped him)
TheDC ^ | March 6, 2012 | Jeff Poor

Posted on 03/06/2012 2:54:50 PM PST by Rufus2007

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 We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse.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

(Excerpt) Read more at thedc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: carbonite; fluke; limbaugh; nasdaq; obamasupporter; rushlimbaugh; sandrafluke; sandytheslut
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The market is at work, but I always thought the stock was a dog. Just shows how dependent it was on Limbaugh for exposure.
1 posted on 03/06/2012 2:54:54 PM PST by Rufus2007
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To: Rufus2007

http://www.freerepublic.com/focus/f-news/2855457/posts


2 posted on 03/06/2012 2:55:45 PM PST by Keith in Iowa (Willard Romney, purveyor of the world's finest bullmitt. | FR Class of 1998 |)
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To: Rufus2007

Fire with fire. Pro-Flowers can kiss my arse as well.


3 posted on 03/06/2012 2:56:21 PM PST by FlipWilson
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To: Rufus2007

I hope the b*stards o bankrupt!


4 posted on 03/06/2012 2:56:33 PM PST by JaguarXKE
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To: Rufus2007

I hope the b*stards go bankrupt!


5 posted on 03/06/2012 2:56:43 PM PST by JaguarXKE
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To: Rufus2007

Could somebody please post the list of lilly-livered advertisers who dropped so I can shop accordingly?


6 posted on 03/06/2012 2:58:48 PM PST by fwdude
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To: Rufus2007

I mean, really, they wanted to what, cave to the will of communist, leftist punks who have no understanding of the free market!?!?


7 posted on 03/06/2012 2:59:08 PM PST by FlipWilson
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To: Rufus2007

I hope customers flee as well.


8 posted on 03/06/2012 2:59:40 PM PST by Williams (Honey Badger Don't Care)
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To: Rufus2007

Rush really stepped in it this time!

Such incivility!

Who did he think she was, Sarah Palin?


9 posted on 03/06/2012 3:00:12 PM PST by tsomer
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To: Rufus2007
DIE CARBONITE

10 posted on 03/06/2012 3:00:50 PM PST by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: Rufus2007
It is beyond my comprehension how one company could store all that info indefinitely.
11 posted on 03/06/2012 3:01:03 PM PST by AGreatPer (Obama has NEVER given a speech where he did not lie!!!)
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To: Rufus2007

This is the past 6 months of Carbonite (CARB). It’s been going down for awhile, the latest bit with their abandoning Rush didn’t help. But, the trend has been established for awhile before this whole fiasco.

http://www.marketwatch.com/investing/stock/carb


12 posted on 03/06/2012 3:01:30 PM PST by Hodar ( Who needs laws; when this FEELS so right?)
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To: FlipWilson
I have spent a lot of money with Proflowers over the past 20 sending items to relatives in the USA. I sent them a note last night that I was not going to use them if they promoted leftist politics. All I received was a two sentence reply thanking me for my feedback. I encourage anyone who has used Proflowers to send them a note. You can do them by using the “contact” and customer service. If they insist on a order number, even if checking “other”, you can simply put in “none” and it will go through.
13 posted on 03/06/2012 3:01:48 PM PST by Aussiebabe
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To: Rufus2007

Limbaugh or not, the trouble for Carbonite is that its services are easily duplicated, yet it continues to charge an “only game in town” high price. Regardless of the recent kerfuffle, folks have figured out they can get the same sort of backup service for far less money.


14 posted on 03/06/2012 3:02:07 PM PST by pogo101
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To: Rufus2007

A great stock to short. Short it, short it, short it! And let them take it in the shorts!


15 posted on 03/06/2012 3:02:47 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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Comment #16 Removed by Moderator

To: Rufus2007

Hahaha,just posted that on Rush’s tweet. We need more ammo. Anyone have any??


17 posted on 03/06/2012 3:03:55 PM PST by NoGrayZone (Jim "Firebrand" Robinson endorses Newt...with EPIC call to action!!)
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To: Rufus2007

Carbonite has fleas?

18 posted on 03/06/2012 3:04:36 PM PST by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: Rufus2007
"“ultimately contribute to a more civilized public discourse”:

A more civil discourse??? So people like Maher, Shultz, Matthews, Malloy, etc - these people are the epitome of civility according to him.

19 posted on 03/06/2012 3:05:43 PM PST by SkyDancer
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To: Rufus2007

It doesn’t look like, if they crawled back to Limbaugh, the Carbonite stock would be “back up”.


20 posted on 03/06/2012 3:06:34 PM PST by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: Rufus2007

Well they’ve had other problems since the IPO but if you look at their filings, they admit they spend nearly as much to attract a customer as they earn from them in the first year, so the secret lies in retaining the customer 2, 3, or more years when it all turns to profit. Now what will the leftie CEOs knee-jerk reaction have on their ability to retain customers, one wonders....?

Or to attract new ones, given that 40% of the population identifies as conservative vs. something less than 20% that say they are liberal.

You don’t need to pay a CEO millions of dollars a year to piss off nearly half of your potential customer base...I’ll do it for far less, and do a better job of it ;-)


21 posted on 03/06/2012 3:07:09 PM PST by bigbob
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To: Rufus2007

thats funny


22 posted on 03/06/2012 3:07:36 PM PST by FrankR (You are only enslaved to the extent of the entitlements you receive.)
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To: Rufus2007

Carbonite now just projects the image of being a “politically correct”, spineless, milk-toast; rather than a conservative company with a little backbone. You should have stuck with one who tells the truth - no matter how painful. I hope your demise is rapid.


23 posted on 03/06/2012 3:07:46 PM PST by Brownie63
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To: AAABEST

What’s an alternative to Carbonite? I use them to back up my computer.


24 posted on 03/06/2012 3:07:48 PM PST by rabidralph
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To: FlipWilson

Pro flowers returned my valentines order money today. Amazing how I suddenly was very unhappy with my order.....


25 posted on 03/06/2012 3:08:32 PM PST by C. Edmund Wright
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To: Jack Hydrazine
"Short it, short it,"

Just did. Hope its not too late.

26 posted on 03/06/2012 3:09:01 PM PST by AGreatPer (Obama has NEVER given a speech where he did not lie!!!)
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To: Rufus2007

Excellent!! I posted an article yesterday and posted erroneous research that all seven companies were private. Obviously and fortunately, I was wrong! I hope they all sink! There’s no way ProFlowers can survive. There are too many alternatives. Also, I’ve ordered their product twice—only as an implicit statement that I support Rush—and had a bad experience both times. The first time, the flowers were delivered WITHOUT being arranged. Apparently, that’s a given with long-distance orders. This year, I ordered tulips, as were pictured on their site. They sent me a bulb. in a little pot. Happy Valentines Day...here’s a pot, honey!!


27 posted on 03/06/2012 3:09:49 PM PST by tulloss
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To: AAABEST

Lol....


28 posted on 03/06/2012 3:11:27 PM PST by Squantos (Be polite. Be professional. But have a plan to kill everyone you meet)
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To: Aussiebabe

I called..they are the same group as SHari’s berries...and even though they were delicious, I will not get them again. I never would have heard of them if they hadn’t been on Rush. Too bad. I told them I vote with my wallet.


29 posted on 03/06/2012 3:11:28 PM PST by SueRae (Tale of 2 Towers - First, Isengaard (GOP-e), then, the Tower of Sauron on 11.06.2012)
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To: rabidralph

External hard drive


30 posted on 03/06/2012 3:11:51 PM PST by DFG
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To: rabidralph

Mozy.


31 posted on 03/06/2012 3:12:11 PM PST by rwilson99 (Please tell me how the words "shall not perish and have everlasting life" would NOT apply to Mary.)
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To: FlipWilson
I mean, really, they wanted to what, cave to the will of communist, leftist punks who have no understanding of the free market!?!?

That's the point, do these companies want to deal only with people who hate the free market? They don't pay their bills, they are demanding, etc. and these are going to be your core customer base. It's kind of like Alec Baldwin (the face of Capital Bank) going down to the Occupy Group and claiming to support the Occupiers against Evil Banks! Really, Capital Bank are these the customers you want?

32 posted on 03/06/2012 3:12:31 PM PST by Lockbox
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To: DFG

I have four external drives on my computer now, and they all have original work on them. That won’t work.


33 posted on 03/06/2012 3:13:52 PM PST by rabidralph
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To: rabidralph

RE: What’s an alternative to Carbonite? I use them to back up my computer.

You might want to try MOZY:

http://mozy.com/pro/

Another one I know is Crashplan:

http://www.crashplan.com/


34 posted on 03/06/2012 3:14:01 PM PST by SeekAndFind (question)
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To: C. Edmund Wright

“Brilllliant”
They think they supported Rush, rather than Rush was selling their overpriced kraaap!
Pricelesssss!


35 posted on 03/06/2012 3:14:59 PM PST by Leo Carpathian (fffffFRrrreeeepppeeee-ssed!)
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To: fwdude
Here's the list of the spineless companies who pulled their advertising from the Limbaugh program. And yes, I have supported some of these with my business... but no more.


Sleep Train
Sleep Number
Legal Zoom
Citrix
Quicken Loans
Carbonite
Pro Flowers

36 posted on 03/06/2012 3:15:26 PM PST by Amanda King (We did our job here in SC for Newt.)
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To: rabidralph

Here’s another:

BACKBLAZE

http://www.backblaze.com/

Isn’t capitalism great? You don’t have to patronize one company if you don’t like their values.


37 posted on 03/06/2012 3:16:02 PM PST by SeekAndFind (question)
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To: rabidralph

Get an external hard drive. Faster, more reliable and you pay for it only once.


38 posted on 03/06/2012 3:16:15 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: rabidralph

Mozy is a similiar solution which is based on cloud. An external hard drive is an option but you have to remember to put your files on it. An external drive can also fail, which happened to me.


39 posted on 03/06/2012 3:16:26 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Rufus2007

They actually sell something not worth much and can be replaced.


40 posted on 03/06/2012 3:16:26 PM PST by org.whodat
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To: rabidralph

http://mozy.com/

http://www.onlinebackupdeals.com/companies/online-backup-companies/

Someone else recommended Crashplan.


41 posted on 03/06/2012 3:16:43 PM PST by KansasGirl
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To: C. Edmund Wright
Photobucket
42 posted on 03/06/2012 3:17:31 PM PST by mojitojoe (American by birth. Southern by the grace of God. Conservative by reason and logic.)
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To: FlipWilson

ProFlowers is a Liberty Media company; Starz movie channel. John Malone, the owner, sucks.


43 posted on 03/06/2012 3:18:11 PM PST by CodeToad (NO TAXATION WITHOUT REPRESENTATION!!!)
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To: Lockbox

I wife signed up for a yr, six months ago. Do anyone know if cancelling now will get me any $$ back?


44 posted on 03/06/2012 3:18:11 PM PST by Digger (If RINO is your selection then failure is your election)
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To: Rufus2007

CARB has dropped 60% since last summer ($21.10 -> $8.35).


45 posted on 03/06/2012 3:18:19 PM PST by seton89 (Are the Ten Commandments a living document?)
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To: C. Edmund Wright
Photobucket
46 posted on 03/06/2012 3:18:37 PM PST by mojitojoe (American by birth. Southern by the grace of God. Conservative by reason and logic.)
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To: Rufus2007

Face it, Carbonite. Your impulse runs counter to the heartbeat of our nation. And you now pay for it.

You will pay more.


47 posted on 03/06/2012 3:20:23 PM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, R. Zacharias, Erwin Lutzer, and others.)
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To: Aussiebabe

I got regular Proflower emails, as I was a customer. When they dropped Rush, I replied to the next email with a demand to be removed and an explanation of why I would no longer be a customer. I got a reply in return, so I suggest others do likewise.


48 posted on 03/06/2012 3:20:23 PM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: pogo101
Limbaugh or not, the trouble for Carbonite is that its services are easily duplicated, yet it continues to charge an “only game in town” high price. Regardless of the recent kerfuffle, folks have figured out they can get the same sort of backup service for far less money.

One of the cardinal rules of business is choosing something with a hard barrier for entry. This is called defensibility.

On the net, this comes down to forming a nucleus or network of repeat users.

Facebook, Google, eBay, Amazon, Twitter, Craigslist are defensible.

AOL, Yahoo not so much.

I'm not sure about Linked-In. I think they could be taken down.

As for Carbonite, I think they were hemorrhaging cash, and needed to cut expenses.

49 posted on 03/06/2012 3:24:21 PM PST by cicero2k
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To: Rufus2007

I wrote to Carbonite and Citrix today, both products we use at my software company and I also use personally. I informed them that we will not be renewing any of the 40 or so subscriptions from here forward, and that subscriptions to their services will no longer be allowed as reimbursable employee expenses.


50 posted on 03/06/2012 3:26:07 PM PST by SOSCEO
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