Carbonite CEO admits dropping Limbaugh hurt growth more than expected

Discussion in 'Politics' started by Freewill, Aug 3, 2012.

  1. Freewill
    Offline

    Freewill Gold Member

    Joined:
    Oct 26, 2011
    Messages:
    27,137
    Thanks Received:
    4,373
    Trophy Points:
    280
    Ratings:
    +12,994
    Remember how the left was going to destroy Limbaugh?? LOL, he is still here tormenting liberals and Carbonite? Better change their name.

    Carbonite CEO admits dropping Limbaugh hurt growth more than expected

    » Carbonite CEO admits dropping Limbaugh hurt growth more than expected - Le·gal In·sur·rec·tion

    Carbonite famously dropped Rush Limbaugh on a Saturday Night at the height of the Sandra Fluke controversy. Carbonite became the poster child for the Rush boycott movement organized by Media Matters, which coordinated the effort with so-called independent groups.

    At the time I examined Carbonite’s SEC filings, and how Carbonite had built its business model based on high growth driven, in significant part, by the promotion of Carbonite by Limbaugh. I predicted that Carbonite had shot itself in the foot, and put political correctness before the interests of its shareholders.

    Since that time the Stop Rush effort has imploded, with backstabbing and accusations among the participants. Limbaugh has had better numbers than ever, and the hype surrounding Mike Huckabee as a Limbaugh replacement has gone flat.

    Yet what became of Carbonite?

    On August 1 Carbonite released its 2d Quarter 2012 results, the first full quarter after dropping Limbaugh in March. The results shocked Wall Street, as Carbonite did not meet its growth targets, causing multiple analysts to drop the target price. The stock dropped 15% in a day. (h/t reader W)

    Most important, in a conference call held on August 1, the CEO David Friend admitted that dropping Limbaugh damaged Carbonite’s growth, and is likely to do so for at least one or two more quarters.
     
    • Thank You! Thank You! x 1
  2. IGetItAlready
    Offline

    IGetItAlready BANNED

    Joined:
    Jul 27, 2012
    Messages:
    1,264
    Thanks Received:
    151
    Trophy Points:
    0
    Ratings:
    +153
    Good, let that be a lesson to them.
    If the man's audience is good enough to earn them piles of revenue on it might also be good enough to remain loyal to those who support his freedom of speech.
     
    • Thank You! Thank You! x 1
  3. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Limbaugh....

    Sheesh....
     
  4. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,725
    Thanks Received:
    4,712
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,007
  5. Rozman
    Offline

    Rozman Gold Member Supporting Member

    Joined:
    Sep 18, 2009
    Messages:
    16,575
    Thanks Received:
    3,060
    Trophy Points:
    290
    Location:
    Brooklyn,NY
    Ratings:
    +6,688
    Like I said in an earlier post.
    Rush's pimp hand is strong....
    Many have tried to take on El Rushbo.
    They have all failed.


     
  6. IGetItAlready
    Offline

    IGetItAlready BANNED

    Joined:
    Jul 27, 2012
    Messages:
    1,264
    Thanks Received:
    151
    Trophy Points:
    0
    Ratings:
    +153
    • Thank You! Thank You! x 1
  7. Freewill
    Offline

    Freewill Gold Member

    Joined:
    Oct 26, 2011
    Messages:
    27,137
    Thanks Received:
    4,373
    Trophy Points:
    280
    Ratings:
    +12,994
  8. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,725
    Thanks Received:
    4,712
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,007
    I applaud the CEO for rejecting HATE.
     
  9. Freewill
    Offline

    Freewill Gold Member

    Joined:
    Oct 26, 2011
    Messages:
    27,137
    Thanks Received:
    4,373
    Trophy Points:
    280
    Ratings:
    +12,994
    The left sure like to project their hate into every single conversation.
     
  10. NYcarbineer
    Offline

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    96,128
    Thanks Received:
    11,269
    Trophy Points:
    2,060
    Location:
    Finger Lakes, NY
    Ratings:
    +30,262
    Where's the fat whore who told me the other day that it's only liberals who start threads about Limbaugh?
     

Share This Page