• Home
  • Featured
  • Show
  • Posts
  • Columns
  • Articles
  • Videos
  • Politics
  • Culture
  • Breaking News
  • International
  • 2020 Election
  • Free Speech
  • Second Amendment
  • Feminism
  • Hollywood
  • Abortion
  • Climate Change
  • Economy
  • Healthcare
  • College
  • Comedy
  • Donald Trump
  • Science
  • LGBT
  • Big Tech
  • Liberal Media
  • Islam
  • Immigration
  • Body Positivity
  • BlazeTV
  • Change My Mind
  • Crowder Confronts
  • Crowder Closes
  • Tough Love
  • Devil's Advocate
  • SJW
  • Fat Pride
  • Socialism
  • Education
  • Sponsored
  • Tyranny
  • COVID-19
  • Police
  • Riots
  • COVID
  • joe biden
  • cancel culture
  • crime
  • Live
  • Log in
HOME
POSTS
ColumnsArticlesShowAll
VIDEOS
ShowAll
PODCAST
SHOP
MUG CLUB
MORE
ScheduleFAQAskJobsContact
Featured
Featured Posts Articles Culture Economy

Nike Makes Colin Kaepernick its Spokesman. Nike Stocks PLUNGE!

Brodigan
September 04, 2018

You may want to call your broker if you own any Nike stocks. Maybe check your 401k. Because the company named Colin Kaepernick its new spokesman (see Singer John Rich Absolutely LOSES IT Over Nike-Kap Ad and Top 5 Reactions to Nike's Colin Kaepernick Ads). When the market opened Tuesday morning, the company was down about $3.75 billion.

That's BILLION with a B.

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.

Shares of NKE stock dropped about 4 percent on Tuesday morning, as #NikeBoycott has been trending high up on Twitter. The company’s valuation has since recovered a bit.

The stock has recovered a little bit. It's only down 2.5% as of me writing this sentence. The company is also lucky Donald Trump hasn't tweeted yet. Hopefully because someone took his phone away during the Kavanaugh hearings. What a sh!t show that's turning out to be. We'll have more on the insanity later. Let's stick with Nike for now. Because they need a friendly hand:

Egads!

The initial stock drop could just be skittish investors. Or it could be Wall Street doesn't think pandering to social justice warriors is profitable. Let's check back in a few days and see where things are. Because often these stocks rebound in a few days after all the OMG, LOL! articles come out. Such as this one. Never accuse us of lacking self-awareness.

NOT SUBSCRIBED TO THE PODCAST? FIX THAT! IT’S COMPLETELY FREE ON BOTH ITUNES HERE AND SOUNDCLOUD HERE.

From Your Site Articles
  • A Normal Person Tried Explaining the Stock Market - Louder With Crowder ›

LATEST VIDEO

Ted Cruz Calls Out Maxine Waters for 'Encouraging Riots & Violence' After Minnesota Protest Comments

MORE POSTS

Bodycam Catches NYC Man Throw Chemicals at Cop During Routine Traffic Stop

Brian Stelter Confronted About #ExposeCNN Videos, Acts Brian Stelter'y About It

Bill Maher Rants About 'Panic Porn' and Stupid Things Liberals Still Believe About the Pandemic

Jason Whitlock Goes There: White Liberals Are ACTUAL Bigots

ALL POSTS
NEWSLETTER

Sign up for Louder with Crowder’s FREE newsletter to get the best stories and show updates in your inbox.

© 2021 Blaze Media LLC. All Rights Reserved.

Privacy Policy  |  Terms of Use