{"id":654507,"date":"2026-08-19T12:14:08","date_gmt":"2026-08-19T12:14:08","guid":{"rendered":"https:\/\/buglecall.org\/?p=654507"},"modified":"2026-08-19T12:14:08","modified_gmt":"2026-08-19T12:14:08","slug":"ted-cruz-looks-at-nikes-stock-plunge-and-says-you-did-this-to-yourselves-2","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=654507","title":{"rendered":"Ted Cruz looks at Nike\u2019s stock plunge and says: You did this to yourselves"},"content":{"rendered":"
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An athletic company\u2019s choice to campaign on \u201cAmerica-hate\u201d instead of excellence found Texas Sen. Ted Cruz (R) reminding of the financial consequences that come with going woke.<\/p>\n

In recent years, many have credited Elon Musk for his purchase and transformation of Twitter into X as pivotal in pushing back on the globalist Marxist agenda permeating society\u2019s institutions. As pivotal as free speech absolutism has proven, Nike\u2019s stock suggested an earlier turning point against the \u201cwoke mind virus\u201d as Cruz deemed a 12-year low both \u201csad & predictable.\u201d<\/p>\n

This week, the value of shares in Nike sank below $40, continuing a downward trend over the past 5 years that has seen the loss of nearly 80% in market cap. Reacting to a post from meme-maker Douglass Mackey that offered a list of key moments exacerbating the decline, the senator highlighted the cancelation of a Betsy Ross flag-adorned sneaker<\/a> over a complaint by former NFL kneeler Colin Kaepernick.<\/p>\n

\u201cSad & predictable. @nike lost me at #2,\u201d wrote Cruz. \u201cFor my whole life, I wore nearly 100% Nike for athletic wear. Kaepernick pissed me off, but when they cancelled the Betsy Ross shoe it showed that their marketing plan was America-hate. I went out & bought brand new shoes, shorts, t-shirts. Turns out I wasn\u2019t the only one. #GoWokeGoBroke.\u201d<\/p>\n

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Sad & predictable.@nike<\/a> lost me at #2.<\/p>\n

For my whole life, I wore nearly 100% Nike for athletic wear.<\/p>\n

Kaepernick pissed me off, but when they cancelled the Betsy Ross shoe it showed that their marketing plan was America-hate.<\/p>\n

I went out & bought brand new shoes, shorts,\u2026 https:\/\/t.co\/QpgqtCrScf<\/a><\/p>\n

\u2014 Ted Cruz (@tedcruz) August 18, 2026<\/a><\/p>\n<\/blockquote>\n

In addition to Kaepernick\u2019s prominence in Nike\u2019s 30th anniversary campaign and the Betsy Ross shoe, Mackey \u2014 whom the Biden administration\u2019s Justice Department prosecuted for election interference, only for the conviction to be overturned<\/a> \u2014 called out a partnership with gender ideologue and Bud Light buster Dylan Mulvaney, DEI workforce quotas, alphabet activism and the firing of Kyrie Irving for his career-risking stance against COVID jab mandates.<\/p>\n

\u201cNike was swallowed by the HR and PR ladies from colleges like Vassar and Oberlin,\u201d concluded Mackey in reaction to a reminder of how former ESPN reporter Ethan Strauss foresaw the error of Nike\u2019s ways, falling away from its focus on a male customer base inspired by athletes like Michael Jordan while simultaneously missing the mark on trying to grow a female-focused market to compete with Lululemon.<\/p>\n

The latest on Nike\u2019s finances follows a report<\/a> from earlier this year on the athletic company\u2019s downgrade. Analysts at CNBC, Bank of America and JPMorgan each saw a bleak near future for Nike as the company\u2019s earnings report anticipated a 2-4% decline in annual sales for fiscal Q4. At the time, shares had dropped to under $45.<\/p>\n

Meanwhile, the brand known for its \u201cJust Do It\u201d slogan was counted among companies profiting<\/a> from the Supreme Court\u2019s ruling on President Donald Trump\u2019s tariffs as they double-dipped, reaping the fees passed onto the consumers as well as the refunds ordered by the court. Nike was said to have secured nearly $1 billion from the decision and still managed to reach its lowest value in more than a decade.<\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

An athletic company\u2019s choice to campaign on \u201cAmerica-hate\u201d instead of excellence found Texas Sen. Ted Cruz (R) reminding of the financial consequences that come with going woke. In recent years, many have credited Elon Musk for his purchase and transformation of Twitter into X as pivotal in pushing back on the globalist Marxist agenda permeating… Continue reading Ted Cruz looks at Nike\u2019s stock plunge and says: You did this to yourselves<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":654494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[20,23],"tags":[],"class_list":["post-654507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-empowerment","category-national-security","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/654507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=654507"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/654507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/654494"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=654507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=654507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=654507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}