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Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of ‘Just Do It’ Ads
Politico USA ^
| 7 September 2019
| Staff
Posted on 09/07/2019 5:33:36 PM PDT by Windflier
Nike just lost about $3.75 billion in market cap after announcing free agent NFL quarterback Colin Kaepernick as the new face of its Just Do It ad campaign. Its the 30th anniversary of the iconic TV and print spots.
At the time of this writing, the sneaker companys intra-day market capitalization was $127.82 billion. On Friday, that number had been $131.57 billion.
Market capitalization is the market value of a publicly traded companys outstanding shares.
Shares of NKE stock dropped about 4 percent on Tuesday morning, as #NikeBoycott has been trending on Twitter. The companys valuation has since recovered a bit.
We chose a 5-day snapshot of NKE stock so viewers can see the fall comparing Labor Day Weekends before and after:
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: justdoit; kaepernick; nike; sjw
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1
posted on
09/07/2019 5:33:36 PM PDT
by
Windflier
To: Windflier
And gilettes idiot ceo hasnt been perp walked out despite 8 billion lost in sales.
2
posted on
09/07/2019 5:35:31 PM PDT
by
Secret Agent Man
(Gone Galt; Not Averse to Going Bronson.)
To: Windflier
bummer. Go woke, go broke.
3
posted on
09/07/2019 5:36:41 PM PDT
by
Drango
(A liberal's compassion is limited only by the size of someone else's wallet.)
To: Windflier
Ain't KARMA sweet
4
posted on
09/07/2019 5:37:45 PM PDT
by
piroque
("When the SHTF I'm gonna hunker down until all those idiots kill each other. ")
To: Windflier
I guess the woke market was overestimated.
5
posted on
09/07/2019 5:38:28 PM PDT
by
livius
To: Windflier
Nike, Target, Gillette and Dicks.
How is that working out for ya?
Walmart is about to join ya.
6
posted on
09/07/2019 5:38:39 PM PDT
by
2banana
(My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
To: Windflier
This news makes me feel warm and fuzzie on the inside.
7
posted on
09/07/2019 5:40:41 PM PDT
by
Pilated
(.)
To: Windflier
8
posted on
09/07/2019 5:40:57 PM PDT
by
combat_boots
(TGod bless Israel and all who protect and defend her! Merry Christmas! In God We Trust! Hi)
To: Windflier
9
posted on
09/07/2019 5:41:29 PM PDT
by
Aquamarine
(Where we go one, we go ALL ~ Q)
To: Windflier
I wish they’d lose their entire market cap!!
No Nike’s in this house—f those azzholes!!!
10
posted on
09/07/2019 5:41:43 PM PDT
by
bantam
To: Windflier
I thought I read that Nike's sales went up after the world's most famous 2-14 athlete signed on.
To: 2banana
Walmart is about to join ya.Not to sure about that , the local W-mart is still selling pistol ammo a few calibers they had sold out... this 09-07-19 afternoon.......
12
posted on
09/07/2019 5:42:22 PM PDT
by
piroque
("When the SHTF I'm gonna hunker down until all those idiots kill each other. ")
To: Drango
Go woke, go broke.
I like that........;)
13
posted on
09/07/2019 5:42:27 PM PDT
by
Dawgreg
To: 2banana
I like ur thinking!😃
14
posted on
09/07/2019 5:42:35 PM PDT
by
bantam
To: Windflier
Im going to be crying myself to sleep tonight, after I finish off my bottle of JW Weller and dance in the pasture.
To: Windflier
16
posted on
09/07/2019 5:43:45 PM PDT
by
hawkaw
To: Windflier
Recently walked thru the Olympic training center retail shop in Colorado Springs. Easily half the retail area is committed to Nike apparel. Not a busy day for the shop (mid-week) but no one was shopping in the Nike area. The retail transactions taking place were all absent the Nike swoosh.
17
posted on
09/07/2019 5:45:01 PM PDT
by
BluH2o
To: 2banana
Walmart has the cheapest groceries, doggone it
18
posted on
09/07/2019 5:45:31 PM PDT
by
lesko
To: Windflier
Colin Kaepernick Named Face of Just Do It AdsJust do what? He's unemployed isn't he? Maybe he should be the face of a 'Just Do Something' campaign!?
19
posted on
09/07/2019 5:46:04 PM PDT
by
TigersEye
(This is the age of the death of reason.)
To: Windflier
Adding insult to injury, Nike insulting the Betsy Ross flag, Nike needs to get out of the USA. Maybe relocate to Africa.
20
posted on
09/07/2019 5:46:06 PM PDT
by
Vision
(Obama corrupted, sought to weaken and fundamentally change America; he didn't plan on being stopped.)
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