Cracker Barrel shed almost $100 million in market value after its stock plunged Thursday following the release of a new logo. The new design eliminates a longstanding drawing of an overall-clad man leaning against a barrel,

The Democratic Party and California Gov. Gavin Newsom’s press office's X accounts joined the backlash against Cracker Barrel after it released its new text-only logo earlier this week.

Some online conversation around the new logo railed against the text-only logo that removed the image of a man leaning against a barrel, while keeping the words “Cracker Barrel” with the same color sc...