Cruz revels as Nike stock hits 12-year low amid Betsy Ross flap
TL;DR Summary
Sen. Ted Cruz mocks Nike after its Betsy Ross shoe cancellation, noting the brand’s stock has fallen to a 12-year low with roughly $200 billion erased in value. The piece ties Cruz’s criticism to long-running disputes over patriotism and woke branding, and recalls Nike’s 2019 decision to drop the Betsy Ross shoe amid backlash sparked by Colin Kaepernick’s advocacy.
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