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We Got This Covered
We Got This Covered
Sadik Hossain

Nike’s stock hit a 12-year low. Ted Cruz says blame the company’s ‘America-hate’ marketing: ‘Turns out I wasn’t the only one’

Ted Cruz NIke Betsy Ross Colin Kaepernick America Dylan Mulvaney

Nike’s stock price hit a 12-year low on Monday, and Sen. Ted Cruz (R-TX) says he knows why. In a post on X, Cruz blamed the company’s marketing choices, which he described as built on “America-hate,” for the drop.

Cruz was responding to a post from Douglass Mackey, who listed several reasons he believes Nike has struggled. These included making Colin Kaepernick “the face” of a major ad campaign, canceling a sneaker featuring the Betsy Ross flag in 2019, and working with transgender influencer Dylan Mulvaney.

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