So. Can you say
"double-standard"?
Doubtless you saw this story on Carbonite last week from the always informative William A. Jacobson over at Legal
Insurrection.
Carbonite, you will recall, is the online data backup company that abruptly pulled its sponsorship from Rush Limbaugh's show
over the Sandra Fluke dust-up. (And in case you missed it, Ms. Fluke spent time yesterday introducing President Obama on the campaign trail.)
In a spot-on piece of reporting, Jacobson wrote of the economic fallout of Carbonite's move:
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.
Jacobson quotes directly from a conference phone call with financial analysts made by Carbonite's CEO
Mr. Friend: "It turned out to be a bigger hole in our revenue than we had thought when we initially did this."