Tomahawk, WI 07/08/2014 (Basicsmedia) – Sirius XM Holdings Inc. (NASDAQ:SIRI) emerged as a recent loser, as its stock price floundered nearly by 0.87%, settling at $3.43 per share. The satellite-radio manufacturers and provider fired one of the hosts working on the project: ‘Opie & Anthony’, against the complaints of a series of sexist and racist tweets. After careful consideration of all modalities and the grounds of socio-moral conduct, SIRI’s think-tank decided to oust Cumia.
Why Was Cumia Fired?
Anthony Cumia wrote a number of tweets on early-Wednesday, that sought for immense condemnation online. He stated that a black woman had assaulted him, after some photo op, in the Times Square. The irksome Cumia came down heavily upon the lady with sumptuous profanities; he snapped that the lady was no less than an animal and her face must have been smashed! Such stern, racist comments have been condemned amongst all fraternities, hence, Sirius XM Holdings Inc. (NASDAQ:SIRI) had to urge him to go!
SIRI Faces The ‘Racial’ Heat
The uncanny racially charged or loath-filled remarks by a senior SIRI employee on the social media portal, caught SIRI in uncomfortable waters. Though personal, investors, suppliers, and people hailing from other communities, were seriously upset by such uneventful and abhorrent remarks; consequently, the ‘Opie & Anthony’ not only had to bear the brunt, but SIRI’s stock had to pay dearly for this inconsistent behavior represented by Sirius XM Holdings Inc. (NASDAQ:SIRI), in general an Cumia in particular.
SIRI has notable strengths to cater to, that would have greater impact upon the stock market, than the temporary slackening caused due to lack of moral conduct of one of its employees. SIRI has strong investment opportunities in the near future, and its performances are deemed to surge up. Moreover, the company has excellent amounts of cash reserves flowing in from the operational activities. Besides, revenue generation and growth and expansion in profit margins is highly likely to push SIRI’s price further up in the upcoming quarter.
To add to this ruckus, Mr. Cumia strongly scathed Sirius XM Holdings Inc. (NASDAQ:SIRI) for firing him, on personal grounds, when he was off-air and hence, corroborated his actions to be just and legal!