🚨Nike went INSANELY WOKE and is now paying the price
Nike’s stock is down almost 80% since its record high in 2021.
Nike is now being REMOVED from the S&P 100 index after 18 years.
It seems Nike took every opportunity to push anti-American wokeness. From Colin Kaepernick refusing to stand for the National Anthem, Dylan Mulvaney, and female armpit hair.
Nike is the perfect poster child for get woke, go broke.
WOW: Nike is learning an EXTREMELY hard lesson in GO WOKE, GO BROKE after they have been BOOTED from the S&P 100 after their stock TANKED 76-80% from the Nov. 2021 high of ~$177 a share — wiping out over $220B in market cap and CRASHING to 12-year lows around $38.
The iconic American brand made several TRAGIC mistakes: a Colin Kaepernick “Just Do It” campaign after he knelt during the National Anthem, racial-justice messaging after George Floyd’s death, obese models, and a partnership with Dylan Mulvaney — a man — wearing women’s clothing.
🇺🇸Nike is getting kicked out of the S&P 100 on Sept. 21 after 18 years—stock $38, market cap down from $264B in 2021 to $57B.
4 tech names take the seats: Dell, Palo Alto Networks, Arista, and SanDisk.
It stays in the S&P 500; critics say it went woke so it went broke.
@RajTheMaharaja I enjoyed your title reign. The presentation was very cool with the entrance. Only thing I’d say is that even though you were a bad guy, you should have had a few more cleaner/dominant wins to build credibility.
How to destroy a beloved brand.
Step 1: Put a soulless, data-driven consultant who has never even seen a basketball court or a running track up close in charge.
Step 2: He goes direct! And increase profits while destroying the retail distribution system and betraying a multitude of 20-year-long partnerships.
Step 3: Motivated and innovative competitors like On Running and Hoka rush to fill the distribution gap Nike left by abandoning its trusted partners.
Step 4: Not satisfied, he fires all the stupid creative people who can't prove any of their ideas work with hard data. What could they possibly know?
Step 5: Celebrate when milking the brand for every last cent works for about 18 months, even though the data quickly show a disaster is looming.
Step 6: OMG? Wut?
Step 7: Fire the old CEO and bring in a new one who's been with the brand since day one. He tries his best, but just too much damage was done.
Step 8: Get delisted... Go down in history as the greatest example of data-driven idiots destroying one of the most successful creative brands of all time.
The end.
Last night was for the people who never gave up on me, even when I gave up on myself.
I went toe to toe with the @WWE Champion in the main event of Smackdown in the arena where I first fell in love with professional wrestling as a child.
Cleveland, I love you.. you had my back against the best in the world, and all I've ever wanted to do was be your guy and make you proud.
For an indie kid like me.. it was an absolute honor, and dream to finally get in there with @CMPunk (who was the very first indie merch shirt I ever bought in High School)
I'd love to tell you I was at my best, but that'd be a lie. After laying around feeling sorry for myself for 8 months.. Mentally and physically.. I'm a work in progress.. But I guess we all are.
No more laying down. Last night was the beginning.. not the end. It's time to stand up, be myself and put in the work to become the man I was always meant to be.
For you. For me. For those who still believe in Johnny Wrestling.