Nike's 'Bud Light & Cracker Barrel' Moment: Iconic American Brand's Stock Plunges to 12-year Low after Canceling US Flag-Themed Shoe

Alex Miller : Aug 20, 2026
Fox News

[FoxNews.com] Sen. Ted Cruz, R-Texas, is again dunking on a popular sports brand as the company's stock price hits a 12-year low. ... "Sad & predictable," Cruz posted on X, where he reiterated that Nike's decision to nix its Betsy Ross themed shoe was how the company "lost me. For my whole life, I wore nearly 100% Nike for athletic wear," Cruz said. "Kaepernick p****d me off, but when they canceled 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't the only one," he continued. "#GoWokeGoBroke." Nike's stock price hit a 12-year low earlier this week, dropping nearly 80% since the company's all-time high in 2021... Subscribe for free to Breaking Christian News here Click Here to read. (Screengrab image: via X-Fox News)