Bagster
Posted on 09/04/2018 4:05:43 PM PDT by gattaca
It just went from bad to worse for Nike.
The iconic sports equipment brand took a big risk by employing Colin Kaepernick for its new ad campaign. And it’s not just because Kaepernick – who hasn’t seen any professional action in over a year – insulted the American flag with his protest against police brutality. It’s also because the tagline of the campaign (“Believe in something. Even if it means sacrificing everything.”) is a direct insult to those who have served their country, and have given everything for it. (RELATED: After Nike Kaepernick Ad Outrage, Social Media Focuses on Pat Tillman.)
Believe in something, even if it means sacrificing everything. #JustDoIt pic.twitter.com/SRWkMIDdaO — Colin Kaepernick (@Kaepernick7) September 3, 2018
This morning we reported that Nike’s stock price took a hit shortly after the ad campaign launched. (RELATED: Nike Stock Goes Turbulent as Fans Boycott Brand After Kaepernick Promotion Announcement.) But now we’re learning that the repercussions of using Kaepernick to sell sweatshop-made sneakers are even worse.
The Wrap reports that Nike just lost billions in its market cap evaluation:
Nike just lost about $3.75 billion in market cap after announcing Colin Kaepernick as the new face of its “Just Do It” ad campaign. It’s the 30th anniversary of the iconic TV and print spots. At the time of this writing, the sneaker company’s intra-day market capitalization was $127.82 billion. On Friday, that number had been $131.57 billion.
.@Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick (@Kaepernick7) Named Face of ‘Just Do It’ Ads$NKE #JustDoIt https://t.co/E6EAt5LzSU pic.twitter.com/yu54s3qsLw — TheWrap (@TheWrap) September 4, 2018
Now, there’s a chance this drop is temporary. Nike could weather this storm after the controversy.
But, then again, the NFL never did recover in ticket sales since the “take the knee” protest wore on throughout last year’s season. (RELATED: NFL Sunday Night Football Ratings Down After National Anthem Protests.) People remember their loyalties. And many in this country remain loyal to America and her flag, despite their own personal opinions toward football.
Nuke Nike
OOPS!
The motto is perfect. Nike is going to lose everything for believing in an anti-American, BLM thug.
Liberals still think they own/run the country.
Enjoy the suck.
LOL.
Nike is believing in something, this whole.blsck lives matter Colin Kapernic business, and are sacrificing their business to do so. So they are taking their own advice.
Bagster
Nike employees need to be deported!
I’ve never been a Nike guy, more of a New Balance guy; but, I will never buy as much of a Nike paper straw from this day forward.
Nike knee pads. Take it folks.
Memo To Nike:
Click the Pic
nike has been paying this p.o.s. for two years.
https://nesn.com/2018/09/here-are-reported-details-of-colin-kaepernicks-historic-nike-contract/
Did Capernick sacrifice everything? What did he sacrifice? He’s worth many millions, so he doesn’t have to worry about paying his bills.
His football career may well have been over even without him doing the kneeling protest. He’s a journeyman quarterback, who was never a big star.
So to imply he sacrifices his football career to make a political statement is very questionable.
Hey, Nike, stop believing polls.
I’d laugh if Tiger pulled out of NIKE.
[ Nike Loses $3.75 Billion Market Cap After Kaepernick Announcement ]
Happy news always makes me smile.
Let Nike rot in hell and go out of business for supporting this piece of ungrateful ugly garbage.
Nike has also lost ALL future purchases from this American.
Nike management can GTH!
“You have Hillary who has called black teens or black kids 'super predators,...'” Kaepernick told reporters. “We have a presidential candidate who has deleted emails and done things illegally and is a presidential candidate. That doesn't make sense to me because if that was any other person you’d be in prison. So, what is this country really standing for?”
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