This just in! Nike lost about $3.75 billion in market cap after announcing Colin Kaepernick as the new face of its “Just Do It” ad campaign, and we couldn’t be happier on this the 30th anniversary of the iconic TV and print spots. I For one will never buy another Nike product as long as I have air in my lungs. Why? Because they’re just as socialist as the rest of the left, and they are paying a guy who disrespected our flag, and then they went and did it also with “The Betsy Ross flag” removal. So check this out.
At the time of this post, the sneaker company’s intra-day market capitalization was $127.82 billion. On Friday, that number had been $131.57 billion. Market capitalization is the market value of a publicly traded company’s outstanding shares. Shares of NKE stock dropped about 4 percent on Tuesday morning, as #NikeBoycott has been trending on Twitter. The company’s valuation has since recovered a bit.
We chose a 5-day snapshot of NKE stock so viewers can see the fall comparing Labor Day Weekend “before” and “after”:
“Believe in something, even if it means sacrificing everything. #JustDoIt,” Kaepernick tweeted on Labor Day, echoing the words of the ad.
— Colin Kaepernick (@Kaepernick7) September 3, 2018
Kaepernick who remained a Nike athlete as the company still pays him, Despite not playing a professional down of football since 2016. What point is Nike trying to prove here? The ad hits on the protests Kaepernick started in 2016, when he began kneeling during the National Anthem before NFL games as a means of raising awareness and protesting racial inequality in America, and the shooting deaths of unarmed black men, women and children by police officers. Causing more civil unrest and diving this country more than it was already.
The protests created a firestorm in the media and among football fans. President Donald Trump made the protests one of his main issues on Twitter, saying that players who kneel during the national anthem should be fired.
Kaepernick, who led the 49ers to the Super Bowl in 2013, brought a lawsuit against the NFL, accusing the league of colluding to keep him from being signed by any NFL team. Last week a court issued him a preliminary win in his case, essentially granting a full hearing on the dispute, according to The New York Times, despite the NFL’s efforts to sweep the issue under the rug. Oh it’s not because you sucked after your first two years, and lost your starting job before you started this whole mess Colin? lol I’m just happy this moron is learning his lesson now that he’s no longer able to play a game for millions.