Business & Finance Double Checking Woke to Broke

[Yinko]

Companies That Get 'Woke' Aren't Going Broke -- They're More Profitable Than Ever

Sorry, Kid Rock, Bud Light’s gonna be just fine

www.rollingstone.com

Companies listed:
Keurig Dr Pepper Inc. Dropped from $120.26 per share to $24.96 when the deal happened, highest it's been since then is $34.98. $120 wasn't even a spike, it was an upward slope.

United Airlines Holdings Inc. Has yet to recover from Covid, but no apparent drop due to the 2021 scandal.

Carhartt (VF Corp). In 1/10/21 they had a stock price of $87.08, the problem came about a week later, since then they have been on a slope down to the current price of $22.55. There was a spike that reached $89.83 in the middle of this but it didn't last long and is part of the overall downward slope.

Walt Disney Co. The article specifically mentions the Florida law from 04/22. Disney's stock has been so terrible that it is difficult to tell exactly what is screwing it and when. They were already in the middle of a freefall as of 02/22 and fell from $152.95 to $93.60 in five months. Since then they have averaged about $100 per share.

Nike Inc. The event they list is from 4/5/23 (6 days ago as of writing), any stock price difference is statistically insignificant. It was already declining when this happened, bottomed out on 4/5/23 with a $3 loss and then rose back up $1 since.

Amazon.com Inc. The article lists a group called "Stop Amazon Hate" that ordered a boycott on 1/9/21 in protest of Amazon's actions in regards to the January 6th event. You can only find this group by putting their name in quotes, and even then only their site shows up, and the site has only the main page. Not exactly an influential call to action. If, however, we use the Rings of Power as a metric, we get a pretty clear idea. Rings of Power was released on 9/1/22, at that time the stock price was $126.77 and it jumped up to $136.45 for the next two weeks. It then immediately fell and has never since exceeded $105.15, with an average of about $95.

Kellogg Co. The article lists an event of having "Stand With Pride" cereal boxes on June 30th 2021. Their stock appears chaotic at first glance but is pretty much exclusively seasonal, stable overall for the past ten years. There was a small dip at the time from $36.97 to $32.77 but it's hard to tell if that is at all significant.

NFL is not publicly traded.

Overall, throwing out the NFL, I'd say that they have a leg to stand on for three of them (United, Nike, Kellogs) and have nothing to stand on for the rest.

For data I just searched "X stock price" and used the provided IEX Cloud tracker. I eyeballed any averages as well.

 

[Agent23]

Disney's stock has been hammered and they are purging their woke idiots and there is a frigging circular firing squad going on, lol.

 

[Yinko]

Something that no-one talks about in all this is the degree and frequency of offence. Disney and Amazon are repeat and egregious offenders, so it makes more sense that "Get Woke, Go Broke" would hit them harder and longer. A lot of the other cases the article listed are one-off events that annoyed but did not infuriate. People have short memories, the same would be true the other way around. If Kellogg put a mix of religious symbols on their boxes for a week and pissed off all the leftists, it would be forgotten shortly after.

 

[Rocinante]

For the most part, get woke go broke is a myth and right wing cope. The evidence of this is that the VAST MAJORITY of corporate America has gone woke. They aren't broke. We have a couple examples to look at and say "look they went broke!" But that's hardly even a splash compared to the overwhelming majority of American corporations that are woke and not broke.

Matt Walsh tweeted a good plan the other day, and with Anheiser-Busch losing like 70% of sales, it seems to be working.

We can't boycott everything. We need to live. Whether we like it or not, we will be purchasing goods and services from woke companies. They know this. So they know they can go woke to appease the left, the right will kick and scream.and they'll be just fine In a few weeks.

The solution? Organize. Pick one company at a time and boycott them hard. This is what Walsh proposed for A-B and it is working.

So let's pay attention for the next target.

If we can get the right organized and target one woke company at a time, this will actually put fear in the other companies because they'll see its working, and they could be next.

 

[LordsFire]

For the most part, get woke go broke is a myth and right wing cope.

The original formulation specifically applies to media.

And it's happened a decent chunk there. When the media content gets woke, they go broke, because the content is shit, and their political activists aren't a large enough consumer base to make up for it.

 

[Rocinante]

The original formulation specifically applies to media.

And it's happened a decent chunk there. When the media content gets woke, they go broke, because the content is shit, and their political activists aren't a large enough consumer base to make up for it.

Plenty of woke media does just fine though. It's when they go woke at the expense of actually having good writing and telling a good story that it really hurts them.

The Last of Us is a good example. That show was woke as fuck, and was an overwhelming success.

Then you have Rings of Power, which was a total flop. Compare that to House of the Dragon which was just as diverse, but was a success.

Get woke go broke plays out sometimes. for the most part it's just a myth.

Though I will grant you that it is far more true in media than in other markets. You really piss off a fan base and they'll ditch your ass.

Part of this is that we don't need media to live. We need groceries and home goods and services, so boycotting those wokists is a more difficult task.

 

[Agent23]

For the most part, get woke go broke is a myth and right wing cope. The evidence of this is that the VAST MAJORITY of corporate America has gone woke. They aren't broke. We have a couple examples to look at and say "look they went broke!" But that's hardly even a splash compared to the overwhelming majority of American corporations that are woke and not broke.

Matt Walsh tweeted a good plan the other day, and with Anheiser-Busch losing like 70% of sales, it seems to be working.

We can't boycott everything. We need to live. Whether we like it or not, we will be purchasing goods and services from woke companies. They know this. So they know they can go woke to appease the left, the right will kick and scream.and they'll be just fine In a few weeks.

The solution? Organize. Pick one company at a time and boycott them hard. This is what Walsh proposed for A-B and it is working.

So let's pay attention for the next target.

If we can get the right organized and target one woke company at a time, this will actually put fear in the other companies because they'll see its working, and they could be next.

A lot of these companies go woke because of ESG and other such mandates, which are often pushed on them by either the government or shits like BlackRock as well as governmnet pushed diversity departments.


BlackRock is literally the final boss, so there are two options:
1) Do not buy their ETFs, use alternatives.

2) Look for alternate suppliers of goods, preferably smaller ones that are made by non-publicly traded companies or companies that don't fall into the huge indices or are hit with huge amounts of regulation.



There was one video from an investment conference that IIRC Jay Martin hosted which brought up the subject, and entrepreneurs and capitalists should work to vote with their money or serve the need of those who do.
Ben Shapiro was mentioned starting a razor business after all the woke shit with GIlette was it?

 

[Buba]

If Kellogg put a mix of religious symbols on their boxes for a week and pissed off all the leftists, it would be forgotten shortly after.

The obvious candidate:

 

[Captain X]

"Get woke, go broke" was something that applied to media, anyway. A great example of this is the comic book industry. You also have movie companies losing massive amounts of money. The principal is just that if you start preaching at the audience with this shit that they will simply stop buying comics or stop going to movies, and that pretty much holds true, because the Leftists this shit appeals to do not support it financially, they just feel good about the fact they badgered a company into going their way, or feel good about the fact that a major mainstream form of media shares their ideology.

 

[Bear Ribs]

Quoted the same tweet both times.

Yeah, you're right in that he's trying to say something that will make no-one upset, but seems quite counterproductive.

Fixed, thanks.