Nike Stock Tumbles After They Choose To Back Kaepernick
Since announcing their new advertising campaign will be led by Colin Kaepernick, the social media backlash has dominated the virtue-signaling efforts we presume they hoped for.
With images of Nike apparel and footwear being burned and real sacrifice being discussed, it appears investors are growing disillusioned as NFL fans as Nike shares are down over 3% in the pre-market.
If the public backlash against other corporate brand names who have taken a vocal political stance is any indication, Nike faces considerably more pressure: companies from Dick's (which saw a sharp decline in sales after it stopped selling guns), to ESPN, to Papa John's, to Twitter and Facebook, to In-N-Out burger, have all seen an angry customer backlash - from either the left or the right - once these corporations entered the political arena, resulting in a hit to the top line, and ultimately, the shareholders' pocket.
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ConservativeTribune
5 years agoKaepernick Got What He Wanted From Nike, Now He’s Stabbing Them In The Back
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3:25
BPR
5 years agoNike under fire for naming Colin Kaepernick as new rep
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11:38
btlkc84
7 months agoColin Kaepernick FINISHED as New Nike Venture IGNORED by Media
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2:30
ConservativeTribune
5 years agoGillette Rolls Out Incredible New Ad, Puts Nike And Kaepernick To Shame
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2:43
The Western Journal
5 years agoNike Takes Things to the Next Level by Releasing Kaepernick TV Commercial
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5:33
BPR
5 years agoJason Whitlock: Kaepernick is a Nike PR ploy and will backfire
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2:29
WTMJMilwaukee
5 years agoLocal PR executive says Nike made the right move with Kaepernick ad
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3:25
BPR
5 years agoNike slammed for naming Colin Kaepernick as new spokesman
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0:36
ChicksOnRightAuto
4 years agoNike pulls 'Betsy Ross Flag' sneaker after Colin Kaepernick raises concern
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13:32
btlkc84
10 months agoColin Kaepernick EMBARRASSES Himself & BEGS for NFL Tryout...AGAIN
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