Skip to comments.Investors flee Carbonite after Limbaugh announcement (they dumped him)
Posted on 03/06/2012 2:54:50 PM PST by Rufus2007
On Saturday, Carbonite CEO David Friend released a statement on his companys website declaring that Carbonite had decided to withdraw advertising from Rush Limbaughs 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 We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse.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 hasnt done much to contribute to his companys 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.
(Excerpt) Read more at thedc.com ...
Fire with fire. Pro-Flowers can kiss my arse as well.
I hope the b*stards o bankrupt!
I hope the b*stards go bankrupt!
Could somebody please post the list of lilly-livered advertisers who dropped so I can shop accordingly?
I mean, really, they wanted to what, cave to the will of communist, leftist punks who have no understanding of the free market!?!?
I hope customers flee as well.
Rush really stepped in it this time!
Who did he think she was, Sarah Palin?
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.
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.
A great stock to short. Short it, short it, short it! And let them take it in the shorts!
Hahaha,just posted that on Rush’s tweet. We need more ammo. Anyone have any??
Carbonite has fleas?
A more civil discourse??? So people like Maher, Shultz, Matthews, Malloy, etc - these people are the epitome of civility according to him.
It doesn’t look like, if they crawled back to Limbaugh, the Carbonite stock would be “back up”.
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 ;-)
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.
What’s an alternative to Carbonite? I use them to back up my computer.
Pro flowers returned my valentines order money today. Amazing how I suddenly was very unhappy with my order.....
Just did. Hope its not too late.
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!!
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.
External hard drive
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?
I have four external drives on my computer now, and they all have original work on them. That won’t work.
RE: Whats an alternative to Carbonite? I use them to back up my computer.
You might want to try MOZY:
Another one I know is Crashplan:
They think they supported Rush, rather than Rush was selling their overpriced kraaap!
Isn’t capitalism great? You don’t have to patronize one company if you don’t like their values.
Get an external hard drive. Faster, more reliable and you pay for it only once.
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.
They actually sell something not worth much and can be replaced.
Someone else recommended Crashplan.
ProFlowers is a Liberty Media company; Starz movie channel. John Malone, the owner, sucks.
I wife signed up for a yr, six months ago. Do anyone know if cancelling now will get me any $$ back?
CARB has dropped 60% since last summer ($21.10 -> $8.35).
Face it, Carbonite. Your impulse runs counter to the heartbeat of our nation. And you now pay for it.
You will pay more.
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.
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.
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.