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Over $3 Billion Wiped From Market Value After Nike Names Colin Kaepernick Face of 30th Anniversary
The Gateway Pundit ^ | September 4, 2018 | Christina Laila

Posted on 09/04/2018 2:42:46 PM PDT by detective

Nike went full ‘social justice warrior’ this week when they signed cop-hating, America-hating Kaepernick to be the face of its newest campaign.

On Monday, Nike revealed they selected former San Francisco 49ers quarterback Colin Kaepernick to be the Nike didn’t learn its lesson after seeing NFL ratings plummet because of Kaepernick’s National Anthem boycott.

Stadiums often have rows and rows of empty seats because Americans are fed up with the politicization of football.face of its 30th anniversary of its ‘Just Do It’ campaign.

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: blackprivilege; colinkaepernick; formernflqb; kaepernick; nfl; nike; nikeboycott; sell
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Nike will lose billions in market value.

I hope whoever made this decision is fired soon.

1 posted on 09/04/2018 2:42:46 PM PDT by detective
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To: detective

I guess they’re getting a taste of that “Sacrifice for what you believe in theme”....


2 posted on 09/04/2018 2:44:03 PM PDT by NEMDF
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To: detective

3 posted on 09/04/2018 2:44:18 PM PDT by Covenantor (Men are ruled...by liars who refuse them news, and by fools who cannot govern. " Chesterton)
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To: detective

Looks like they are getting Red Henned!


4 posted on 09/04/2018 2:46:25 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: detective

CK is ugly on the inside and outside.

Nike deserves to lose billions more.


5 posted on 09/04/2018 2:46:34 PM PDT by Beautiful_Gracious_Skies
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To: detective

They will need to sell a lot of sneakers to make up that $3 billion... I almost feel sorry for them /s


6 posted on 09/04/2018 2:47:00 PM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: detective
Nike is so sucking so hard that they are even affecting the Dow.

Stocks Tumble as Trade Disputes Worry Wall Street; Nike Sinks the Dow
TheStreet.com-6 hours ago
 
US STOCKS-Wall Street drops as tech stocks, Nike weigh
Nasdaq-6 hours ago
 
Nike's stock clips about 15 points from Dow in early trade amid ...
MarketWatch-5 hours ago

It takes a special class of HUAness (Head up Ass) to do this.

7 posted on 09/04/2018 2:48:08 PM PDT by Responsibility2nd (Rats, RINO's and O-Tips. They all want Sessions to stay.)
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To: detective

Would love to watch that stock drop like a rock.

I’m thinking some of the louts who purchase Nike things don’t own much stock.


8 posted on 09/04/2018 2:49:46 PM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs)
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To: detective

Maybe at some point the corporate bigwigs will realize that CK is poison.

Or maybe not.


9 posted on 09/04/2018 2:51:23 PM PDT by ClearCase_guy (The MSM is in the business of creating a fake version of reality for political reasons.)
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To: Responsibility2nd

Brilliant job, Nike! Just brilliant!


10 posted on 09/04/2018 2:51:58 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: detective

Just screw it!


11 posted on 09/04/2018 2:52:55 PM PDT by SpaceBar
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To: detective

they will realize what a mistake t was after the 1st of the year when they look at there Christmas sales and hav to deal with the overstock in there warehouse. but it will take two years for the company to get rid of the promo because of doubling down from the person whose idea it was.


12 posted on 09/04/2018 2:53:29 PM PDT by PCPOET7
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To: ClearCase_guy

[Maybe at some point the corporate bigwigs will realize that CK is poison.]

Hopefully not before Nike is irreversibly-sunk.


13 posted on 09/04/2018 2:53:51 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Covenantor

Nike doesn’t care what white guys think.


14 posted on 09/04/2018 2:54:39 PM PDT by Phillyred
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To: detective

             L O L !
15 posted on 09/04/2018 2:54:53 PM PDT by tomkat
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To: detective

Idiotic slogan, the Nazi’s believed in something and sacrificed everything.


16 posted on 09/04/2018 2:55:03 PM PDT by fortheDeclaration
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To: detective

Let them sacrifice at least 10% of their price/share. Virtue signaling can be expensive for stockholders.


17 posted on 09/04/2018 2:56:01 PM PDT by txrefugee
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To: detective

Go to Dick’s Sporting Goods and buy some Nikes. /s


18 posted on 09/04/2018 2:58:16 PM PDT by ameribbean expat (Socialism is like a nude beach - - sounds great til you actually get there. -- David Burge.)
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To: DoughtyOne

Each day this week, I’m putting in a crazy-low “buy” order on Nike. Just in case a selloff gets out of control. <^..^>


19 posted on 09/04/2018 2:58:45 PM PDT by grania (It's Them vs Us)
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To: NEMDF
I guess they’re getting a taste of that “Sacrifice for what you believe in theme”....

As a retired marketing guy, I can't believe the stupidity of the Nike advertising group that accepted this tripe from their ad agency.

It doesn't take a rocket scientist to game out the impossible position they put themselves in: if they 'just do it' and stick with this idiocy, they lose billions of market value and customers. If they abandon the idea, already executed in print advertising, they will be viewed as hypocrites to their own brand equity established years ago with the 'just do it' branding line.

Nice going brainiacs.

20 posted on 09/04/2018 2:58:48 PM PDT by jimbug
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