United Airlines Lose $180 Million due to YouTube Video!

July 24, 2009 by: My Way

There was a great story on BBC Breakfast News this morning about how social media can seriously damage a brand. In this case a single YouTube video complaint about a bad experience with United Airlines has contributed towards United Airlines share price dropping by 10% and costing shareholders a reported $180 million!

 Meanwhile, within four days of the song going online, the gathering thunderclouds of bad PR caused United Airlines’ stock price to suffer a mid-flight stall, and it plunged by 10 per cent, costing shareholders $180 million. Which, incidentally, would have bought Carroll more than 51,000 replacement guitars.

Here’s the video, titled “United Breaks Guitars” by Dave Carroll – so far having an incredible viral effect with over 3.9 millions views:

  • Share/Bookmark

Related posts:

  1. New Photo Brings Flying Overweight Debate Back
  2. The United States of McDonald’s
  3. JetBlue Offering An All-You-Can-Fly Deal!
  4. Sick for Profit by Brave New Films
  5. United Steak of America

Filed under: News

Leave a Reply

Twitter Users
Enter your personal information in the form or sign in with your Twitter account by clicking the button below.

You can add images to your comment by clicking here.