Nike can't stop making woke campaigns — but this might finally wake it up



After years of woke ads and progressive positioning, the fun may be over for Nike.

An announcement on Monday morning is not only likely to hurt the company's image, but it also serves as an indicator of massive financial woes.

Nike's market cap has fallen from $264 billion in November 2021 to $52.7 billion.

Nearly two decades after being recognized as one of the premier blue-chip companies in the United States, Nike will have to say goodbye to the higher echelons of the financial market.

After 18 years, Nike has officially been dropped by the S&P 100, the index that typically represents the most established, investible, and financially reliable businesses there are.

The swoosh checkmark just isn't cutting it anymore, it seems. Nike's market cap has fallen from $264 billion in November 2021 to $52.7 billion in September, according to Fox News, its weakest valuation in 12 years.

Shares in Nike are also down 43% this year, but that's not to say the S&P 100 has struggled. In fact, S&P Global notes the S&P 100 is up nearly 13% year-to-date and 16.55% in the last year. While Nike has tanked massively in the last five years, the S&P 100 has increased 14.15% over the same time period.

Signs that Nike would be dropped from the index led to severe backlash from many who believe that the company's woke advertising in recent years is to blame, as Blaze News recently reported.

RELATED: 'Get woke, go broke': Nike is getting CRUSHED online after cratering in value

Brian Spurlock/Icon Sportswire/Getty Images

The brand recently saw the exodus of two worldwide soccer stars to competitors, including Kylian Mbappe to On and Lamine Yamal to Adidas.

A series of controversial ad campaigns may also have turned off its audience.

Perhaps the most infamous Nike campaign featured former NFL quarterback and national anthem kneeler Colin Kaepernick in 2018.

In 2023, actor Dylan Mulvaney — known for pretending to be a young girl — made social media posts marketing women's sports bras and leggings as a paid promotion for Nike.

In 2025, the brand tapped female athletes like Caitlin Clark for a campaign about how women have been silenced and oppressed simply for being women.

"You can't take credit. You can't speak up. You can't be so ambitious. You can't break records. You can't have any fun. You can't make demands. You can't keep score. You can't stand out," the copy read.

This was followed by a blunder at the Boston Marathon in April, where Nike was rightly or wrongly raked over the coals for an ad that read, "Runners Welcome. Walkers Tolerated."

RELATED: ESPN reporter asks Alex Ovechkin if he would 'support the genocide' of Ukraine — Ovechkin doesn't budge

Erica Denhoff/Icon Sportswire/Getty Images

Some attempts to right the ship have been made — see its family-friendly golf spot — but overall there has been an obvious problem at the company.

Jim Osman, a financial expert at Forbes, stated that Nike did not become weaker because the S&P decided to remove it, but rather the S&P was late to the party in noticing the company's financial issues.

"Customers moved first. Competitors gained ground. Nike relied too heavily on familiar franchises, pushed too far toward direct-to-consumer, weakened some wholesale relationships, and then had to spend time repairing them," Osman wrote.

He added that the numbers eventually caught up with the company, while full-price demand weakened at the same time.

The S&P 100 represents nearly 71% of the broader index of the S&P 500 and selects large companies across different industries to provide broad representation of the U.S. stock market. Nike remains in the S&P 500.

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'Get woke, go broke': Nike is getting CRUSHED online after cratering in value



The Nike sportswear company has lost so much value that it's getting tossed out of the S&P 100 stock index charting the top 100 U.S. businesses.

The company was mocked by many on the right over its marketing campaigns featuring controversial quarterback Colin Kaepernick and transgender activist Dylan McDermott.

'NIKE filled its executive positions with feminists and woke ideology advocates. ... Companies that embrace femicentric ideologies and DEI buls**t will always suffer.'

Nike has lost about $200 billion in market valuation since reaching its highest value in 2021.

The company's CEO, Elliott Hill, said that he was confident the company could reverse the downturn in a recent earnings call with investors.

"Overall, the results aren’t there yet," he admitted.

Many on the right called for a boycott of Nike products after the company signed up Kaepernick to promote the brand while he continued to bash police and support the "Black Lives Matter" movement.

The company also partnered with McDermott to push the transgender agenda.

"Well, Nike sure owned the floor. And busted right through it. Get woke, go broke," wrote Spencer Pratt about one of the company's ads.

"Bye Bye Nike. Your WOKE arrogance caught up with you and you will not be missed. Please share the hard learned message with your NFL, NBA, MLB brethren and WNBA sisters," responded Rep. Burgess Owens (R-Utah).

"NIKE filled its executive positions with feminists and woke ideology advocates. Its stock has been plummeting. Companies that embrace femicentric ideologies and DEI buls**t will always suffer," said another critic on X.

"I've said many times: I will never buy another Nike product again in my lifetime after they shoved that anti-American a**hole Kaepernick in our faces," said one detractor.

Nike had been included among the S&P 100 for 18 years.

RELATED: Mike Rowe speaks out about Nike's Kaepernick ad, and it's powerful

Others pin Nike's implosion on the shift in sales strategy to sell shoes directly to the consumer. That campaign was orchestrated by the previous CEO, John Donahoe.

The company's stock has slid 53% since Hill took over after Donahoe.

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Jason Whitlock: Nike and the WNBA fumbled the Caitlin Clark phenomenon



When Caitlin Clark was breaking records, packing arenas, and transforming women’s basketball into a national sensation, BlazeTV host Jason Whitlock thought it was an appropriate time to drop a Nike shoe for the star.

Instead, the sportswear giant waited until Clark’s third WNBA season to launch one.

“Looks like a sharp shoe. But the timing of when they’re releasing, now, when Caitlin Clark’s popularity is at the lowest it’s been since 2022. Caitlin Clark starting her junior year of college started to become a force of nature,” Whitlock says.

“And by the time she got to her senior year in college, by the time she got to the national championship game her senior year, the ratings for women’s college basketball went through the roof. They set records, unprecedented records,” he continues, adding, “Caitlin Clark had arrived.”


However, despite taking the WNBA to a new level, she was never rewarded.

“No Nike shoe her senior year in college. No Nike shoe when she’s a rookie in the WNBA. No Nike shoe when she’s coming into her second season in the WNBA after setting the league on fire. No shoe then,” Whitlock says, pointing out that now she finally gets her shoe the same year “they’re struggling to sell out the arena in Indiana.”

“They missed the Caitlin Clark window, and they’ve undermined Caitlin Clark, and Caitlin Clark has undermined herself,” he continues, explaining that it should be examined why they “fumbled” her.

“It’s the alphabet mafia. It’s the LGBTQIA+, BLM,” he adds.

Whitlock points to the “sexual and racial politics that have been injected into all of corporate America” as the aggressor but notes that Clark fell for it as well.

“Caitlin Clark being a white, heterosexual woman, a tiny bit reluctant to bend the knee to the alphabet mafia, but she did bend the knee,” he says.

“But she didn’t have the complexion or the right sexual desires for Nike and for the alphabet crew. She didn’t have the right sexual arousal. She didn’t have the right skin color,” he continues, adding, “And so, Nike blew a golden opportunity.”

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Why American culture still rules the world — and always will



The chorus has become deafening.

Op-ed pages and policy journals are saturated with self-appointed sages warning us that American soft power is finished, kaput, buried under the weight of Trumpism, tariffs, and the dismantling of USAID.

Soft power emerges from cultures people want to copy, and no teenager on earth is modeling himself on Xi Jinping Thought.

Foreign Policy’s Stephen Walt recently joined the funeral procession, lamenting that the Trump administration holds nothing but contempt for what his late colleague Joseph Nye called the power of attraction. Walt insists that hard power without soft power leaves America looking like Putin's Russia, with considerable muscle and all the magnetism of a DMV waiting room.

Scrambled eggheads

Walt writes from Cambridge, Massachusetts, where the consensus among the faculty lounge crowd is that Trump has dropped the soft-power crown — only to have Beijing pick it up. What utter nonsense. The lounge, perched so high in the ivory tower, has lost sight of the actual world below.

I came of age in Ireland in the early 2000s, where my brother and I consumed inordinate amounts of American television. We watched "Prison Break" religiously on Network 2, arguing about whether Michael or Lincoln was the smarter sibling. We debated whether Jack Bauer could plausibly go that long without sleeping. We watched "Entourage" and fought over whether Ari Gold was a maverick or a monster. We were far too young for any of it, but my parents, overworked and underpaid, couldn’t keep the remote out of our tiny hands.

We saved up to buy Abercrombie shirts that cost three times as much as they did in New Jersey. We learned American slang from "Friends" reruns and pretended we understood Thanksgiving. My cousin in Cork wore a Yankees cap for two years before learning baseball existed. The local chipper added "curly fries" to the menu because someone had seen them on a sitcom. American culture was the water we swam in, repeatedly and without hesitation.

RELATED: 'Tribalism' is healthy — and America should embrace it

CBS Photo Archive/Getty Images

Swift diplomacy

Twenty-five years after my Abercrombie phase, American culture still dictates global taste. Kids in Uganda quote Kendrick Lamar. Teens in Jakarta can't get enough of the UFC. The films Mumbai produces borrow from Christopher Nolan; the films Seoul produces dream of Oscars in Los Angeles.

Taylor Swift's Eras Tour pulled crowds in Tokyo, Sydney, Buenos Aires, and Singapore that no homegrown artist could ever muster. Netflix dominates streaming in 190 countries. Apple's logo carries more cachet in a Vietnamese teenager's pocket than any flag. American universities, despite their obvious failings, still receive applications from every corner of the planet, including from the children of the Chinese officials who publicly denounce them.

Yes, K-pop had a moment. BTS sold out arenas, "Gangnam Style" broke YouTube, and commentators declared a new cultural pole emerging from Seoul. Then the moment passed. "Squid Game" spawned imitators rather than a movement. South Korean culture spreads wide and runs shallow. It’s a garnish, a starter at best, but it never was and never will be the main course.

China viral

China presents the more entertaining case study. Beijing spends billions of dollars annually trying to manufacture soft power, opening Confucius Institutes, funding film studios, broadcasting CGTN into hotel rooms, where nobody watches. What did succeed was TikTok, a platform that broke through by hiding its Chinese origins and amplifying American content.

When was the last time a Chinese film conquered a multiplex in Berlin or Buenos Aires? When did a Chinese musician headline a festival in Mexico City? What Walt and the credentialed class miss is that soft power cannot be bought through state subsidy or willed into existence by Politburo memo. It emerges from cultures people want to copy, and no teenager on earth is modeling himself on Xi Jinping Thought.

If anyone deserves the soft power obituary, it's the country I know all too well.

London falling

Britain once exported culture by the truckload. Now it sends a parcel here and there.

The last British band to crack American consciousness was Coldplay, and even that is now like ancient history. British television still produces excellent dramas, watched by fewer Americans every year. The royal family generates tabloid fodder rather than genuine fascination, and the tabloids themselves are dying.

British fashion has lost its swagger, with London Fashion Week now an afterthought to Paris and Milan. British music charts are dominated by American acts, including country music acts.

No teenager in Lima or Lisbon is dreaming of a steak and kidney pie, while plenty are queuing for the new Shake Shack. No kid of sound mind in Manila is begging for a Cornish pasty, but many are heading to their local In-N-Out for a quick fix. American food, like American everything else, travels. British food sits at home, where it belongs.

Trump-proof

American soft power survives and even thrives in the Trump era for an unsexy reason that academics struggle to accept. It doesn't run on policy. It never has and never will. Instead, it runs on creativity, scale, language, and capital, all of which remain concentrated in American hands and American servers.

The presidency changes every four or eight years. Silicon Valley does not. The English language does not. American universities, American sports, American music, American food chains, and American technology platforms form an ecosystem so vast and self-replenishing that no single administration can dismantle it.

Walt's pessimism reflects a left-leaning gripe masquerading as a global issue. A teenager in Helsinki watching "Euphoria" on his iPhone, wearing Air Jordans, sipping a Coke, and biting into a Big Mac isn't thinking about China, the U.K., or any supposed contender. America's grip on the global imagination was never a government project. The funeral notices keep arriving, but the eulogies sound like the musings of people who hear "Drake" and picture a duck.

Nike apologizes and removes Boston ad that joked about tolerance



Nike promised it would "do better" after apparently getting complaints over a new ad in Boston.

The ad was part of a marketing campaign centered on the Boston Marathon, an elite annual race that took place on Monday. The simple text ad apparently sparked enough controversy with Nike that the company pulled the graphic almost immediately after putting it up.

'We'll use this moment to do better and continue showing up for all runners.'

The ad was featured in the window of Nike's Newbury Street store in Boston, reportedly just a few hundred feet from the marathon's finish line. It featured black text on a dark red background that read, "Runners Welcome. Walkers Tolerated."

The ad was up for only about a day, according to multiple outlets like Marathon Handbook, which said it was put up on April 16 but was taken down by the following morning.

Nike was quick to apologize for the joke, saying, "We want more people to feel welcome in running — no matter their pace, experience, or the distance."

"During race week in Boston, we put up a series of signs to encourage runners," the company continued, according to Runner's World. "One of them missed the mark. We took it down, and we'll use this moment to do better and continue showing up for all runners."

RELATED: Nike ditches wokeness in family-friendly golf ad: 'More of this, please!'

- YouTube

Nike also released a statement to Boston.com that claimed, "We listen to the voice of the athlete."

The media team also attached an image that appeared to be a replacement ad for the same store. The image reads, "Boston will always remind you, movement is what matters."

Counternarratives have since emerged stating that Nike's original messaging was not out of place given the elite level of competition at the Boston Marathon.

Jennifer Sey, a U.S. national champion in gymnastics and frequent Nike critic, said that when it comes to advertising, Nike has "one swing and a miss after another. For at least 5 years."

"Nike can't get anything right at the moment," Sey wrote on X. She then called company leadership out-of-touch "egomaniacs."

"It's always been a douchey culture," she added.

RELATED: Thugs rob teen of his iPhone, Nike sneakers; but boy's family finds 1 suspect — and delivers painful payback: Cops

Nike can’t get anything right at the moment. It’s one swing and a miss after another. For at least 5 years.

I think the leaders there are probably out of touch weekend warrior egomaniacs. It’s always been a douchey culture. pic.twitter.com/Slj2noftUY
— Jennifer Sey (@JenniferSey) April 20, 2026

"This is the Boston Marathon. ... Obviously, they're going to encourage them to run," said runner and YouTuber Rob Tolo.

"Why are we getting offended by that, bro? This is for the elite of the elite," he added. "This is Boston, bro. I'd love to qualify for that one day."

Commentator Jake Heyen said he disagreed with the backlash too and that Nike's objective was to celebrate ambition and performance.

"The messaging of this ad should not be controversial, and honestly, I would respect Nike much more if they brought the sign back today with even more hardcore messaging," he said.

Nike stock dropped by a couple of dollars per share amid the controversy on Thursday but had recovered by Friday morning.

However, shares have fallen by more than 27% in 2026, averaging out to a 17% drop since April 2025. Value peaked at nearly $80 per share last August before plummeting to just over $46 per share at the time of this writing.

The company's all-time high was around $170 per share in 2021. Nike is currently back down to 2015 numbers.

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Hot girls and denim: American Eagle rediscovers a winning formula



Youth retailer American Eagle just launched a new ad campaign featuring “it girl” Sydney Sweeney from “Euphoria” — and her well-endowed fame is turning heads and shaping markets. The campaign launch, featuring the bombshell known for her curves, drove the stock up 15% in a single day.

Whatever American Eagle paid Sweeney, it was worth it. The company’s market cap jumped $400 million in one day following a 47% decline in its stock price last year. After years of hawking body positivity, it appears “hot girl summer” is once again the way to go.

American Eagle is back, reignited by the formula as old as advertising itself: Sexy sells.

The idea that hot girls leaning on muscle cars sell jeans — or anything else, for that matter — is nothing revolutionary in the ad world. Who could forget Pepsi’s 1992 ad featuring Cindy Crawford at the gas station in jeans and a white tank top? No Gen Xer on the planet could forget this ad. It was iconic — and effective.

Bringing sexy back

American Eagle’s newest campaign is a major about-face after more than a decade of jeans, car, and beer brands forcing wokeness down our gullets. Ultimately, sex sells. And pretty girls with sexy stares can sell everything from men’s deodorant to the WNBA — if only they had more Sophie Cunninghams!

Calvin Klein jeans made sexy their stock-in-trade over 40 years ago. In 1980, the premium jeans brand gave us Brooke Shields seductively whispering, “You want to know what comes between me and my Calvins? Nothing.”

She was 15, and it was both sordid and problematic. But it ushered in decades of “hot girls in jeans” advertising. From Kate Moss naked from the waist up in Calvin Klein jeans to Anna Nicole Smith doing her best Marilyn Monroe impression for Guess, the formula worked.

Abercrombie & Fitch gave sexy a twist with preppy hot girls and guys — shirtless — in black-and-white Bruce Weber photography. CEO Mike Jeffries was so obsessed with sexy that the brand was sued for hiring only good-looking people as sales associates in their stores.

Man boobs don’t sell

Then wokeness tightened its grip on corporate America. Sexy was out. Dylan Mulvaney cosplaying as Audrey Hepburn drinking Bud Light and overweight, nonbinary, hairy-chested men in bras and Calvin Klein jeans were in.

But the public didn’t buy it. Literally.

Bud Light’s partnership with Mulvaney in 2023 sparked a historic backlash. The brand plummeted from America’s best-selling beer to number three. Its market share tanked, and sales have declined more than 20% annually since.

RELATED: Go woke, go MEGA broke — this luxury company’s sales just plummeted 97%

Photo by Artur Widak/NurPhoto via Getty Images

Walking back woke

But after years of brand-destroying body positivity, the remnants of normies at American Eagle took the wheel, and their sales and stock price soared. The brand is back, reignited by the formula as old as advertising itself: Sexy sells. Always has, always will.

Even Nike seems to be walking back its own woke phase. Just last week, the company ran a series of ads with U.S. Open winner Scottie Scheffler touting family values.

Another adage permeates advertising: Always include a cutaway shot of either a dog, a baby, or both. Cuteness, like hotness, sells. And nothing is cuter than golf champ Scheffler holding his baby.

Nike’s ad campaign with Scheffler comes on the heels of the company’s previous campaign with Dylan Mulvaney in a sports bra — without any boobs at all. Are we to believe that Nike has shed its wokeness? I think what’s more likely is that Nike was never woke to begin with.

Nike’s mantra is money. And execs will abandon Mulvaney as fast as you can say, “Just do it,” if it means reversing their sales decline and pleasing their shareholders.

Reigniting the normies

As Clay Travis famously put it, “The only two things I 100% believe in are the First Amendment and boobs.” We can gasp and pretend this is a controversial statement. But Travis only said what we all know to be true: Boobs are a reliable winner. Breast augmentation surgeries have experienced a compound annual growth rate of 13% per year since 2020 for a reason.

American Eagle’s Sydney Sweeney campaign is not remotely “body positive,” and that’s a good thing. It pays. And I predict other brands will take note.

Returning to normie marketing means brands can advertise normal ideas to normal people without feeling bad about it any more. And we can let it wash over us in all of its visual pleasantness.

Expect a wave of ad campaigns in which marketers quietly memory-hole the failed “body positivity” experiment and return to what actually works. The brands chasing social justice won’t say it out loud, but they’re breathing a collective sigh of relief.

Nike’s Scottie Scheffler Dad Ad Signals A Serious Cultural Vibe Shift

The path forward isn’t paved with more slogans, more division, or more social experiments — it’s built on the foundation of family.

Nike ditches wokeness in family-friendly golf ad: 'More of this, please!'



A Nike ad featuring the world's No.1 golfer, Scottie Scheffler, is being praised by sports fans for its focus on family.

Scheffler is not only the best golfer in the world, but he has proven himself to be a proud American and all-around decent human and family man.

Following yet another win at the Open Championship last weekend, Scheffler's sponsor, Nike, surprisingly celebrated the 29-year-old's family with a heartwarming ad.

'Finally you guys unwoke the marketing.'

Scheffler's 1-year-old son, Bennett, stole the show at Royal Portrush Golf Club; the crowd cheered as the baby tried to run up the green toward his father as he accepted the tournament trophy. A few tumbles made the moment more endearing.

This led to the father and son becoming the focus of Nike's subsequent promo, showing the family on the golf course.

"Priorities unchanged. Another major secured. The wins keep coming on and off the course for Scottie Scheffler," Nike wrote on X.

A photo of Scheffler and son playing with a golf club read, "You've already won," followed by Scheffler taking a swing with the caption, "But another major never hurt."

Sports fans were elated with the ad and immediately poured praise on Nike for straying away from progressive politics.

RELATED: 'They can't speak up': Caitlin Clark headlines latest woke Nike ad that claims women are told they can't succeed

Refreshing to see uplifting content in sports ads from Nike.
— C.Jay Engel 🌲 (@contramordor) July 20, 2025

"More of this and less of the woke BS," a golf page replied.

"More of this, please!" the American Principles Project cried out.

Another golf fan replied on X, "Finally you guys unwoke the marketing."

Hopefully someone is paying attention to how much more this ad resonated than the woke garbage 😂
— The Knowledge Archivist (@KnowledgeArchiv) July 21, 2025

The fans have correctly noticed the shift in tone from the company, as Nike is just months removed from multiple marketing disasters that completely misread the room.

One campaign featuring WNBA star Caitlin Clark received criticism for its gross exaggeration about the treatment female athletes receive.

The campaign from February promoted the idea that prominent female athletes are berated and constantly told "how they should act."

The ad went on to claim that women are told not to be ambitious and that they should not have fun.

But that commercial was nothing compared to a tone-deaf ad Nike put out in the U.K. in April.

RELATED: Nike is getting hammered for 'tone-deaf' ad at London Marathon: 'Heads need to roll'

Nike issued an apology for its ad at the London Marathon after it used a red-colored sign that read, "Never again. Until next year."

The ad was intended to refer to the feeling of being exhausted at the end of the race but returning to try again the following year. However, many felt the ad was downplaying the Holocaust, which has often been referenced with the phrase "never again."

If the latest golf ad is any indication of what resonates with sports fans, Nike should certainly continue its straightforward approach to win back the hearts and minds of those who buy its products.

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Charles Barkley has STRONG thoughts on men competing against women in sports



NBA Hall of Fame member Charles Barkley said the idea of men playing in women's sports is no longer an argument worth having, as he cannot be convinced.

Never one to shy away from a loaded question, Barkley was asked by OutKick's Dan Dakich about a recent study Nike is allegedly funding.

The study, according to Fox News, has been testing how much puberty blockers are needed for male adolescents in order to reduce athletic performance to a level where they could "fairly" compete against females.

The study first came to light during a New York Times piece in defense of Blaire Fleming, a male athlete who dominated women's volleyball in the NCAA in 2024.

"Have you seen this thing?" Dakich asked Barkley.

"I have not, but I'm a make this very simple for you, Dan. Men should not play sports against women," Barkley replied. "I'm not gonna get into all the bulls**t that's going on out here in the world today."

'I'm never gonna think it's all right for men to play sports against women.'

Barkley told Dakich on his show, "Don't @ Me," that while he has love for gay and transgender people and is against discrimination, "Men should not play sports against women. If anybody thinks that, I think they're stupid."

Barkley added that under no circumstances does he think it is appropriate for a male athlete to play against women. He continued, "If anybody have a problem with that, they gonna have to get over it, because I'm not gonna change. I'm not gonna change. I just think it's wrong, period."

Dakich concurred and lamented that in comparison to all the political positions and arguments that have taken place in recent history, this subject was not one worth fighting over. Barkley again agreed and said he didn't even think the topic was controversial.

"I'm never gonna think it's all right for men to play sports against women. I don't even think that's controversial. That's the thing that's funny. When you see these debates on television, like, yeah. Men shouldn't play sports against women. I'm done. I don't wanna hear you try to explain it to me. No. No. No. No. No, I don't wanna hear it. I'm not gonna argue with you. Man shouldn't play sports against women."

Barkley has no issue with making political statements or remarks on social issues that others deem controversial.

Recently, he said that friend and fellow broadcaster Stephen A. Smith should not run for president for the Democrats, despite pushes from many in the media for him to do so.

Barkley has also criticized the city of San Francisco on numerous occasions for its mismanagement and inability to solve its homelessness problem.

On the topic of transgender women, or rather men, in women's sports, Barkley concluded, "There's a lot of s**t we can argue over. That ain't one of them."

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