Carbonite, the Internet backup/security company, may be a good place to securely store irreplaceable computer data, but it’s not proving to be a good place to invest irreplaceable dollars.
The company, which went public last August, has seen its stock dive 20 percent after Carbonite CEO David Friend criticized Rush Limbaugh in the wake of the Sandra Fluke flap. Limbaugh’s dismissal of Fluke as a “slut,” in the wake of her call for the federal government to pay for her contraceptives, resulted in Carbonite withdrawing its advertising from Limbaugh’s highly successful show.
The plunge caused MarketWatch’s Chuck Jaffe to call Carbonite “the Stupid Investment of the Week.Whether due to a backlash or boycott by Limbaugh’s supporters or loss of access to Limbaugh’s large national audience, Carbonite has paid a price in the marketplace.
More
5 comments:
This is better than a soap opera.Never a dull moment with El Rushbo.
And never an opportunity missed to slam conservationists, by liberal left wing media and the perverts they champion.
Once again Rush was right.
I mailed Fluke a couple of condoms. I figured it would hold her over a few hours given her $3000 birth control costs.
I support what Rush said. But then I can think for myself. I don't need the MSM to tell me whats right and wrong.
Post a Comment