Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of ‘Just Do It’ Ads
S E E D E D C O N T E N T
Nike just lost about $3.75 billion in market cap after announcing free agent NFL quarterback 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.
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’s “before” and “after”:
— Colin Kaepernick (@Kaepernick7) September 3, 2018
Despite not playing a professional down of football since 2016, Kaepernick has remained a Nike athlete as the company continued to pay him, according to ESPN reporter Darren Rovell .
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.
The number of NFL players taking up the protest and kneeling during the anthem has dwindled as the league has attempted to curtail the issue.
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.
https://www.yahoo.com/entertainment/nike-loses-3-75-billion-150241411.html
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"Just Blew it" LMAO! When will these morinic companies learn to keep their political opinions to themselves?
I think it would be great if this came to pass.
Holy shit! Did Nike's PR department get it right over you? Who would have thought... (aside from me).
.
Well, looks like real Americans have spoken with their pocket books and have made it very clear what they truly fell about Kaepernick and his cause.
.
How much has Nike’s Colin Kaepernick ad campaign affected its bottom dollar? The figure is stunning.
How long before Rump intervenes?
I smell a tariff LOL!
I'm happy I bought a different brand of shoes last week
I'm a "Converse" kinda guy. Old School.
Oh.....and "Crocks" are great for the feet. I even have "ORANGE". My wife thinks it's silly.
Back to "Nike" though.....what a bone head move on their part.
I'm from even an older school......KEDS.
I love my Chuck Taylors ..... grew up using them but now they are relegated to the "going for retro" look. Plenty of other good choice that are better workout/running shows.
I like me some" New Balance" cross trainers. Thats the last several pairs i've bought. Thank god my Nike golf shoes are just about done ..... well they are for sure done now ....
That said most all of them are made in sweatshops. Many of which provide the best living possible for many people, in many countries. A lot of folks forget the economic realities in much of the world. Our current minimum wage is a kings ransom in many places in the world.
Friend of mine introduced me to New Balance many years ago. They fit very nice, comfy, and well made for my fat feet. I am an avid walker and have had several pairs since.
Last week my grandson started his first practice for tag football and he was wearing a brand new pair of Nike cleats his father bought for him. I have to admit they looked very cool. Would look better in the trash can.
Exactly.
So did I. When my first pair finally fell apart after 25 years, I immediately got a new pair which barely lasted 5. I think I know why.
Well, our standard of living is regal compared to those places as well. Think their might be a connection?
You were more of a badass 25 years later?
Nice job, you worked “regal” into a NT conversation.
One kewpie doll for you
Oh, yeah
Only because you gave me the opportunity. How 'bout my question, though?
I have a theory about that based on my real world experience the last 40+ year in the workforce but you won’t agree with it so it’s really pointless to share with you I suppose.
That said, my theory is based on real empirical data, albeit small subset of my experience only but its empirical data just the same. Of a dwindling desire to work to get ahead.
Eg: many today expect to make a living wage working a “first job” like flipping burgers. No one expected that until just recently.
I can’t find enough capable people willing to work hard to get ahead. That’s no ones fault but their own. The jobs are there and I know it’s not just my business. So ...... SOL goes down steadily out of a lack of desire and/or low motivation. It’s really not that tough to understand viewing it In that manner.
PS ..... look at you Chuck Taylor badass. Your arches must be trashed by now.
Puleeeeeze.....dickwad didn't sacrifice shit.
The face should be an American soldier.
Rather mind blowing that a multibillion dollar corporation that pays children in Asia pennies on the dollar to make their overpriced crap would attempt to market some type of moral compass.
EXACTLY!
Ah yea, the deflect and distract brigade has arrived! Let's just ignore the fact that there are huge racial disparities in our criminal justice system, they're just to hard to fix, so lets focus on how I feel about someone kneeling during the anthem or how Nike uses overseas manufacturing! /s
See 1.1.2
I don't see where I suggested we ignore ANY disparities in our Justice system nor that they couldn't be fixed. Hell, I can't even find where I gave an opinion on someone kneeling during the anthem. I did however comment on the irony of Nike, whose morals in business seem nonexistent attempting to market some.
And yet that's exactly what Trump and conservatives are trying to do when they condemn these protests. Their faux patriotism and manufactured outrage are obvious to anyone who isn't a racist.
Missed the beginning of this conversation, are we talking about Ivanka's clothing line being made by children in China??? Or are you complaining about something else?
What about the consumers that condemn these protests, are they lumped in there as well?
Then how 'bout republican "talking points:"
Lol the moral aspect of this move is obviously a ruse and a PR move, companies do things for only one reason and that is for profit. No one should be fooled by this campaign, I guarantee they did studies and came to the conclusion that in the long run this move would provide greater profits, if studies indicated otherwise they wouldn't have done it.
Like to see what happens if they take a knee against Nike.
Will dickwad share his millions with these oppressed women?
Yet you totally ignore other abuses. I don't believe anyone should be able to use what is basically slave labor, do you???
Here Are Some Photos Of The Chinese Factory Where Ivanka Trump Shoes Are Made
I do? Been having a few wine coolers? Perhaps your eyes are a bit too blurry. The seed is not about Ivanka.
It's not about factory workers either, but that didn't stop you, did it???
If Ivanka's business concerns you so much, do a seed. I will be happy to comment on it.
Can you handle that?
If foreign factory worker's concern you so much, do a seed. I will be happy to comment on it.
Can you handle that?
I see you can't
But ....... Colin and company are oppressed too !
I hope your righteous (and appropriate) indignation for Nike's foreign workers means you're telling us you never buy any consumer products made in foreign sweat shops. Because if it (the indignation) is selective only to manufacturers who've offended your politics that would be the very definition of sanctimonious hypocrisy.
Nike Inc
NYSE: NKE · September 5, 3:17 PM EDT
79.93
▲ 0.33 (0.41%)
High 82.95 on Aug 21, 2018
Low 50.83 on Oct 12, 2017
Avg 66.42 for past 1 year
What does any of that have to do with the fact that it contracted 3.75 billion immedialty after the announcement?
Nothing.
Nike will be fine. They have a history of contracting with imbeciles - Michael Vick, Mike Tyson - and survived. They pat themselves on the back for being edgy. As is the case with most companies, customer satisfaction tends to override politics. So, if Nike shoes work for you, this probably won't change your mind, and if you find them narrow and uncomfortable like I do, this isn't going to make you start wearing them.
What I find absurd - maybe even offensive - is the notion that Colin Kaepernick has "sacrificed everything." He hasn't sacrificed a damned thing. He has a $126 MILLION contract just to play ball and gets paid God-knows-what by Nike. He will make more money than most people do in 50 or 100 lifetimes. He is the 1%. He hasn't sacrificed anything and should therefore be an inspiration to no one.
And Nike sacrificed everything with this choice. Maybe they should have used Glenn Coffee, Pat Tillman or Alejandro Villanueva. You know, somebody who actually knows what sacrifice is.
It is easier to find a new customer than get the one you made mad back
Nike will be fine.
Their market is minorities and Millenials, who will love the "feel good" of something they consider "social justice" and never look too closely.
That's what Nike is betting on but i think they've consumed too much of the hives koolaide.
They lost market-share they will never get back and much of their target group can't afford the kicks they make.
Perhaps the Dems will push a "free Nike's for all" campaign. Maybe then they'll be okay.
Never? C'mon now. Never is a very long time.
They can't afford much of what they buy. 65% of American families have $1k or less in savings and the average American has over $6k in credit card debt.
Nike will just start leasing them or offering financing.
I saw the commercial last night. I didn't think it was that big of a deal. However, i know people who do and they will NEVER again knowingly buy a NIKE product.
So yeah, NEVER can and does happen.
I don't appreciate the ad...potraying dickwad as giving up everything for something is a joke. I don't own anything Nike anyways and haven't since they started selling hundred dollar tennis shoes and trying to make kids feel like losers if they don't have a pair.
To each their own.
Like i said, as long as he isn't disrespecting flag and country i have no problem with him and nothing i saw in that add did that. Not that i saw.
Nike is paying him to toot his horn and they are free to do that. I support private business rights even when i don't agree with or like them
Its still a free country .... mostly.
I don't doubt that.
I do doubt "never" when it comes to market cap on a worldwide industry leader in a product line we'll all be using for centuries to come. They'll make up the market cap within a year, easy. Probably before that.
Perhaps but they have likely forever lost the people i speak of, thus lowering their "Market Cap" potential by that amount. They are betting the gains will offset the losses. IMO they won't but only time will tell.
For my part i won't say i'll never buy a Nike product again but i sure won't seek them out. Not that i really did before but for sure they got a net loss from me. Plenty of other good choices to make that don't feel the need to use such "charged" tactics to advertise their products.
Guys like you and I buy shoes based on what fits best. So Nike isn't competing for our business. They either fit us better than Adidas or Reebok or whomever, or they won't. We don't give a shit whether who endorses them, and we don't give a shit about commercials. We have enough years on us to know better.
The market they're seeking is the group who thinks Nike makes dress shoes. The ones who wore athletic shoes to their HS graduation, and for whom that's the last time they'll ever graduate. They're selling to the people who have 18 pairs of $150 Nike/Adidas/whatever basketball shoes in the closet that they can't see very well because they didn't pay the electric bill and it's now dark in there.
Those guys are going to loooove this commercial.
Let's face it, all these guys screaming "boycott" buy one pair of athletic shoes every three years. Nike won't notice when they stop buying.
How about ten days?
September 3rd High of $ $83.25 which dropped to $79.00 on 09/04/2018.
September 13th High of $83.55 bouncing around $83.35 right now.
I figured it wouldn't take 30 days, but I always like to be conservative in my estimations.
closed at $83.49
good for the stock holders.
rose to $86.04, a new high...
but currently sits at $85.55
well Nike i am sure had the office of loss analysis and nerds who do numbers and determined it was worth the risk. The loss of market money doesn't hurt them. And then bam last night they hit the world with the new Nike commercial and did a great job and will have some sales based on this positive vibes commercial.
It provided a reminder on how some of the best athletes come from nothing and childhoods that many cant relate too. And yet they succeeded in coming out on top.
I also loved how they made sure the target group of young folks had a wide group of leaders of sports groups to view. from The USA soccer women to the wrestler to Serena to the avg skateboarder and it was a hit to me and a lot of my co-workers.
I look forward to Nike's future promotions if they can keep up this style. It was for the young folks who sadly have been visited with violence way to often. And all know that information is power. And yes Kaepernick is a figure who is either wildly popular or hated. But for those who have been on the fence , he got positive reviews.
And since last night a lot of my co-workers got a better well rounded view and vibe from him and some even admitted they "get it" now. So it was nice to see and much appreciated.
Anyone who supports the Nike ad should be fucking ashamed of themselves. You make me sick. These faces should be on the ads, not some fucking loser.
These are the people who gave up everything for something:
boo hoo, your comment is a about a totally different topic. cops dying in the line of work is different then cops killing citizens when the death of that citizens was not warranted based on the use of force was not reasonable.
and that is disconnect. That is exactly the problem, and that lack of being able to be honest about the difference is easily disregarded.
as far as the commercial that too is a matter of honesty. This illustration showing you those of your fellow Americans who find success by working hard and not letting there environment dictate that will to succeed. Not sure how you cant appreciate that.
It is basically the exact illustration of the blue print on how to live the "american way". I mean is that not what america represents, is that not why people got on boats from all over the world to end up here?
the will to make something from nothing. SHEESH
[deleted]
Gee....I seem to remember a few Police officers being convicted for Unwarranted Deaths.
Killing is killing.....unless it doesn't fit some Fucked up narrative that is.
And i can tell based on your comment that you cant separate the difference between good cops that do deserve the respect and admiration and honor for a job choice that is theirs to make. Versus a bad cop that may act in a racist manner to citizens with an overly aggressive use of deadly force when non deadly force may have been more reasonable based on the reason used for the contact.
and what you comment also suggest is that you must not know the feeling of dealing with both types of cops. Sadly that lack of interaction allows for a disconnect in being able to form an opinion on if you would want to be treated differently as some of your fellow citizens have at the hands of bad cops.
[deleted]
When I tell some one to fuck off I get a ticket
good for you
And i have i distigushed between good cops and bad ones.
And they are by citizens and co-workers that know how that officer maintains them sevles professional.
And sadly there is the DOWN PLAY by those who choose to accept them as ok. Meaning most bad cops have a track record and yet they have a pattern of escalation until death by that bad cop happens and a civil lawsuit is only way some citizens can have that bad cops act acknowledged. Dont you think that it should not have to get to a civil lawsuit?
and yet thats part of the job, its not easy and in most cases a majority of cops ACT CORRECTLY and according to the policy and procedures in place.
And yet that is true, but funny how people seem to not want to talk about the citizens that DO act correct. And the citizen that knows something that is as simple as a tickets ends up being a beat down because the cop cant maintain self displine or stop him or herself from an over reaction. THOSE are the cops we are speaking about. the cops that clearly have made a decision to hurt a citizen in a use of force situation that was not necessary.
And yet that suspect action or choice to do harm is based on free will. and yet the hazard of a police officers job is explained and the applicant is made very aware of it from day of being accepted into an academy. And yet the discussion is about the bad cops that convict citizens to death of using force that was not needed even when effecting an arrest and that is the focus. This focus seems to get mixed in as you and few others have which sadly then turns into a lack of honest talk about the difference between good cops actions and bad cop action.
And this is true but the issue is that the narrative is controlled by the actions of some bad cops. And to make it about anything else is where this disconnect on something simple and frankly unacceptable. Which is the assaults or death of citizens of color that was unnecessary. And that narrative is what is being disregarded by a lack of honest talk about it. Instead of the flag, the soldiers the good cops and so on.
It is simply about bad cops that disregard self discipline and reasonable use of force that sometimes results in death of black citizens at a rate that is not relative to white population that interact with those same cops.
And i have suggested that this is NOT ABOUT the good ones. it is about the bad or racist acting cops. the ones where other officers know this officer is an instigator or lack self control or has a temper problem.
It is about the power that exist in the value of life.
And yet folks that cause the police to show up in the first place, and/or shoot cops, are innocent until proven guilty.
you are correct but sadly we have some that us citizens have paid to make better choices, paid to follow the rules, regulations and policies and procedures and dont.
Those few bad actors are allowed and tolerated but until more people are willing to take them to task. then sadly it puts citizens at risk. And ultimately forces the public to write another check in a lost civil suit, that would not have been needed if that bad cop was dealt with prior to killing a citizen.
And again that is a separate issue that you want to mix into a topic which is the opposite.
and based on your comments you seem to not understand that some citizens that call cops to show up regret it because they see a citizen die at the hands of that cop based on a use of deadly force that was not necessary.
As i have pointed out, its not about the good cops that show up to CHAOTIC SCENES or calls for help. It is the bad / racist cops that make a mountain out of a mole hill, that take a petty misdemeanor event and instigate it so now its a felony response and the risk to that citizen multiples 10 fold for no other reason then a cop acting badly.
Anyone who tries to pervert this discussion with a disgustingly dishonest attempt to link Nike to the deaths of police officers makes me want to vomit.
I support the protests and the Nike ad. Your faux patriotism and manufactured outrage are noted.
It's also charming that you use pics of murdered cops to justify police brutality and the murder of innocent black civilians.
Interesting comments …
There are a couple things I find interesting about the Colin Kaepernick saga ..
Here is what was happening before Kaepernick sat on the bench, or took a knee...
Here is another interesting read..
Perhaps Kaepernick was on his way to being a 'man without a team' before the anthem debacle - yet no one will every hear about the events that were taking place during 2016 before the season began ..
Kaepernick opted out of his contract to become a free agent and no team seemed to want to pay what he thought he was worth - then he became a media circus .. teams do not like lightening rods, as it tends to distract from the purpose of being a TEAM.
I believe that attention should be paid to police shooting unarmed black men … and YAY for Kaepernick making his voice heard [yet he did not make his voice heard, he made his actions seen with NO one knowing what he was doing] I even thought at one point that he was a role model for the marginalized youth in America .. but then he chose not to vote. What was that all about .. he will protest the anthem [not honor the flag that oppresses blacks] to heighten awareness of the plight of the black man/woman - but will not vote? I saw the ad .. I think it speaks volumes .. too bad it has an individual in it that has been playing for the cameras and using race as a reason that he is no longer succeeding .. the hand writing was on the wall before he sat on the bench for the anthem ..
Give Kaepernick a Nobel Peace Prize
P.s... I recommend Georgia footwear...
Here is another interesting read .. article is about the San Diego game in September 2016
I've been thinking about the Nike gear-burning protest and it seems that it's just not very powerful to watch a pair of runner burn in someone's back yard. Now if those Nike owners are actually wearing the shoes and other garments when they light them on fire, now that would be a protest that could make change happen. When Buddhist monks did it in Vietnam back in the 60s, it sure had an impact of the opinions of Americans about that war.
heh
I liked the clueless and butt-hurt white guy who burned his Nikes and proudly said he'd wear Converse from now on......unaware of who makes that brand.
I generally don't pay a lot of attention to this issue, because it is a stupid issue.
To my knowledge no NFL player, including Kaepernick, has said or implied that they "took a knee" to protest the American flag, America, or the military.
Those themes were inserted into this "controversy" by the asshole otherwise known as President Trump, in order to keep his political base incensed at "liberals" and minorities. Originally Kaepernick announced that whatever pose was taken during the national anthem was to draw attention to police brutality against blacks. The ONLY ones who should have objected to Kaepernick , if they so chose, were his employers at the San Francisco 49ers. Frankly, it was none of Trump's fucking business.
Notice when trump falls back on this issue- it is after he has been shown to have acted like an idiot or a jackass in an unrelated matter and he is getting widely criticized. Then he falls back on attacking the NFL players.
The players have a right to kneel during the anthem, as long as the NFL does not forbid it. Even then it would become a form of "civil disobedience" in that it may be a moral action that could also carry with it the possibility of negative consequences such as the player being cut and unable to get another team to play on, as has happened to kaepernick himself. In any case, it's none of fuckhead Donald trump's business.
He is protesting against America for it's "oppression of black people".
His words. Whether you agree with him or not, that's what HE says he's doing.
The protests pre-date the Trump presidency.
Out of curiosity, is there ANYTHING in this world for which to do not blame Donald Trump? Give us an example.
That's not actually what he said. See above.
The whole point of a protest is to make something everybody's business. I would have thought that was obvious to a leftist.
Yes. They also have the right to pick up the phone, call the mayors of their cities and the governors of their states and actually DO something about police violence. But that would require them to break with the Millennial tradition of pouting and blaming.
Really? So the supposed oppression of American citizens is not the business of the President of the United States?? Do endeavor to explain that one.
Are you oppressed, as a patriotic American, by the fact that people you don't know and have nothing to do with, kneel during the national anthem?
Why would you even care?
re you oppressed, as a patriotic American, by the fact that people you don't know and have nothing to do with, kneel during the national anthem?
Is that your new standard? That you can't be bothered by what people you don't know and have nothing to do with do or say?
You want to use the purpose of the protest (to show dissatisfaction with the way blacks are treated in the criminal justice system) to discredit the protest. They are not saying that they are against the US flag in principle, they are kneeling to protest the flag until the flag represents equal justice , as they see it.
You can agree or disagree with their reasons, but I don't see how it is unAmerican. If it offends you , change the channel. Trump is an asshole and is using this issue to divide the country for his own political advantage.
Not at all. This action creates 0% oppression for any American. (feel free to quote me
)
Moreover, I find the idea that it's "disrespecful to the flag" one of the more idiotic notions in America today. It's somewhere on the list of Top Ten Moron Mantras with "building a wall will help our immigration issues" and "socialized healthcare will be an improvement".
I don't. But neither do they.
When somebody cares about something, they spend more than three minutes a week on it.
My point to you is that these "protests" are easily defensible while maintaining full accuracy on them. And Trump is a peripheral character, capitalizing on another wave of idiocy for his own gain. He wants it to be about him, but it's not. He's an afterthought.
Oh, come on. Don't pretend that's what he meant by the one small bit of the full quote from Kaepernick:
Of course it's understandable he would have a different perspective about the importance of those dead bodies than you have but that's what freedom of expression is about, right?
Don't cite Wikipedia. People who cite Wikipedia look stupid and/or lazy, and that's not what you want to be.
The purpose of protest is as a force-multiplier. Groups of people band together to become more powerful than the sum of their parts. They are then able to achieve their objectives collectively where they could not individually. If all someone is doing is "showing dissatisfaction", that's a tantrum, not a protest.
Well...you read Kap's words. Now, I think he and his colleagues have done an amazingly poor job communicating on this, so I'm willing to be flexible on what they actually mean and/or want. But they're still doing a shit job communicating.
I actually don't disagree with their reasons. I just don't think they're ever going to achieve anything using this tactic.
It's not.
It doesn't.
Yes. Not exactly breaking news, though, is it. We've known that since the 1980's, at least.
The country was already divided. It's been divided for a long time. That's not on Trump.
Yes. Absolutely. But so do Bernie, Liz Warren, and anyone proposing legislation to "stop Sharia Law". It's a lot more common than people think.
I'm taking a college educated political activist at his word. I agree that's probably not what he meant, but I hope you can agree that failure to communicate is hampering this entire endeavor.
I'm quite a bit older than he is, so that's probably to be expected. But do not fall into the juvenile trap of assuming that only one perspective represents the "caring" side.
Absolutely. Freedom of expression is the very first right symbolized by that flag, BTW.
No they don't. Don't make things up Jack.
Wikipedia has a lot of footnoted information. I know how to tell facts from bullshit. Do you?
By the way, for someone who claims to not be very interested in this topic you have a funny way of showing it. You have 10 comments on this thread and most of them are fairly sizable.
Tell you what....cite Wikipedia on your next college paper and see how that goes.
I look forward to a demonstration of this knowledge.
Don't confuse objectivity with apathy.
Bingo. Trump needed to rile up his racist butt-hurt white guy base. Those folks are too dumb and have too much white privilege to care about the issue of police brutality and the murder of innocent black folks.
Lol just saw this ...... hilarious!
Nike's are the sneakers I've worn for years since they make a 12EEEE shoe size. The number of fucking morons in the US that are unable to comprehend the 1st amendment doesn't interfere with my shoe buying decisions.
Here is Nike's next ad:
He certainly sacrificed everything....
and that is a great example - he has all of that money and yet depending on the mindful actions of a racist cop all that means nothing.
you see you have helped prove the point. you dont seem to understand that the few racist cops would put him through his paces because he is black. or would try to instigate a reason for them to use force on him. while a good cop would look at the legal p.c. and then react accordingly.
sadly you seem to also forget that before he had those millions, he had less, and that is something that YOU CANT QUANTIFY. Meaning you dont get to suggest a picture of him on top changes what has happened to him in the past and the path it took for him to get there.
that difference could be night vs day. and this is why there is a protest and reminder to fellow citizens. Being different shouldn't matter when you hire and retain the right type of good professional officers. But it time to get rid of the racist and bad acting ones that terrorize some communities for no other reason then them being different. Thats not the american way....or is it to you?
he is fucking phony...get over it.
you have been more passionate about police brutality than this twat.
well again its not tough to find out what he has been doing behind the scenes.
your need to act like he is the problem only clarifies how confounded ignorance can be when you choose to use it as your reason to reply the way you do.
again the issue is very simple either you believe all citizens should be treated the same as a standard of interaction by the police or you dont.
and with the help of video and documentation a lot of people can see for themselves this is not the case. Most folks dont need to have it be personal for them to recognize what this is.
in the end it is really about just being honest about the sad fact that it is exists.
I didn't say he is a problem I said he is a phony, a jackass too if you like.
So what did Kaepernik do before he started his stunts?
Can you tell Trump to fuck off then? Since having money means you cannot take a stand on an issue that is.
Nike's stock has already gained back 1% of that loss so it'll bounce up again soon. I'm pretty sure Nike factored all this in before it decided to go with it. After all, no one would is surprised anymore that this would be the predictable rightwing knee jerk response.
Maybe they will gather together and hopelessly scream at the sky?
So are we going to be able to agree that boycotts are generally stupid and ineffective?
Good Lord, I hope not as that is the only real power the consumer has.
Depends on the cause and who's doing it. Boycotts like this one from the extreme rightwing or the one against Chik-Fil-A are rarely if ever effective. On the otherhand, the multinational boycott of S. Africa during apartheid certainly helped speed its collapse. So no, I couldn't agree to that blanket statement.
99 time out of 100 yes. They rarely, if ever, actually achieve anything. Really all a boycott is in most cases is people depriving themselves of something they like or is convenient, in order to bitch about something that is ultimately dumb. I have never participated in a boycott, if I don't go somewhere, watch something, or buy something it is because I either have a better alternative or just don't give a shit about the product in the first place.
Yes since it's only the morons who spent good money on their Nike merchandise who are burning their shoes, etc. Let the fools throw their money away. Good riddance to bad rubbish
maybe nike wants to sell stuff to people who hate the USA and they found somebody for their ad who hates the USA
Plausible. I'd say they could count on millennials but only the ones with jobs...
If they wanted to do that they would market to old white farts who don't understand the protests at all (since they keep misstating what they are about, which has nothing to do with disrespecting the flag or anthem, its about injustice). Trump and his affinity for Putin and Kim while he pisses on America and Americans is as hateful as it gets.
Nike will be just fine. They might take a very small, very short term hit, but in a matter of weeks it'll be like nothing happened because honestly, most people have far more important things to give a shit about. Like I have to decide if I want to make something for dinner or just have a protein shake. That's an important issue folks.
Wow, big fucking shock, they are doing better than ever. Did I not say something like that? Honestly if you thought the, absolutely retarded ,idea of destroying your own money would make them change direction, you are even dumber than I thought.
Nike down four per cent? Taking a knee in the presence of the flag causes dissent, fear and confusion? Putin's henchmen are still here. Maybe Trump can order the Justice Department to arrest the football.
I just returned my nike shoes. They made my feet hurt when I stand for the flag and anthem.
That's nice. Good for you.
You didn't notice they make your feet hurt when you tried them on? Save yourself some time and be a better consumer.
Not to nit pick here, but Nike said their online profits are up just over 20% from this time last year. This article is BS..
But I do love watching people burn their Nike's that they paid for.. The only ones they are hurting is themselves.. LOL Seriously, why burn your OWN stuff? That's just dumb.
And just as I said, they are higher a week later. For real, if you think destroying shit you already bought and saying you won't buy more, is a an actual thing, you are fucking retarded.
I'm enjoying reading all the Nike bashers' righteous indignation for the plight of exploited foreign workers. It's certainly the first time I've ever seen any of them reveal their concern. I'm sure we can expect them to follow through by putting that indignation into political action to remedy the situation (
).
Celebrities are paid to endorse products whether they use the product or not. I rely on people that I know who might use a product I am interested in to give me their honest opinion. Their endorsement(s) are what I go by, not those who push a product because they are paid to do so.
I personally am not interested in arguing about the morality of what Kaepernick did, what Trump said about it, or the wages U.S. corporations pay foreign workers. However, when I see misleading information posted online, occasionally I feel the urge to correct it. (Often I don't bother, considering the fact that most NT users are more interersted in bashing the party on the other side of the aisle-- more interested in that than the actual facts!
But in this case there's been a long discussion based entirely on misleading information. Specifically this graph:
And this headline:
Nike Loses $3.75 Billion In Market Cap After Colin Kaepernick Named Face Of ‘Just Do It’ Ads
Why is it misleading? Because as anyone familiar with the market can tell you, a one or two day drop in stock price is meaningless-- if the stock recovers.
So-- the key question is-- after it plummeted, what actually happened right after that? Did it continue to plummet--or did it stay that low? From this graph we don't know, because the graph stops there,
Looking at the graph you posted, it looks like Nike was trading at about $82/share just before it plummeted (to just under $80/share). A significant drop! But was this a one or two day event-- or did the plunge continue?
Well, unlike so many people here on NT, I like to look at the actual facts-- so I did something unusual. I actually checked the relevant facts! And what I found was that the stock closed at $84.79 in today's trading! (Tues 9/25).
So-- its actually been up 5 points since the plunge.
But besides how much its been up from its short plunge-- its now up a bit from eve before it tanked!