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Tuesday
Jul092019

Here's What Happened To Nike's Stock After American Flag Shoe Controversy

Good job KaeperDink!

Thanks KaeperDink. Moron troll!After taking an initial tumble, Nike stocks spiked days after the athletic gear giant’s decision to drop an American flag-style shoe at the behest of anthem-kneeling former NFL quarterback Colin Kaepernick, a major sponsor of the company.

“The company’s shares closed at $86.82 on Friday, up from $84.53 on July 2. The boost came one day after the company pulled its Air Max 1 Quick Strike Fourth of July,” Business Insider reported Monday, noting that shares “experienced an initial slide in the wake of the controversy, particularly after Arizona Gov. Doug Ducey announced he was withdrawing financial incentives for a Nike manufacturing plant to protest the company scrapping the design.”

‘The Betsy Ross Flag”-edition shoe was reportedly deemed “offensive” by Kaepernick, who scored a multi-million dollar sponsorship deal with Nike last year — an event that sparked its own wave of controversy at the time.

The patriotic shoe included a U.S. flag with 13 white stars in a circle on the heel of the sneaker, “a design created during the American Revolution and commonly referred to as the Betsy Ross flag,” reported The Wall Street Journal. Notably, the supposedly racist Betsy Ross flag was flown during the inauguration of former President Barack Obama.

Conservatives, however, have been vocal with their displeasure with the athletic gear company, calling for a #WalkAwayFromNike boycott.

“I love America. I stand for the anthem, respect the flag & honor the men & women who fought to defend our Nation,” Sen. Ted Cruz (R-TX) posted on Tuesday morning. “I respect Free Speech & I’m exerting mine: until [Nike] ends its contempt for those values, I WILL NO LONGER PURCHASE NIKE PRODUCTS. #WalkAwayFromNike [retweet] if you agree.” […] (Go read the tweets)

Never again will I purchase ANYTHING from Nike! EVER!

Sic vis pacem para bellum
Fight Accordingly

Igitur qui desiderat pacem, praeparet bellum
(If you want peace, prepare for war.)
Sic Semper Tyrannis!
Death to Tyrants

“Be still and know that I am God: …” Psalm 46:10

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