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. It’s the 30th anniversary of the iconic TV and print spots.
At the time of this writing, the sneaker company’s 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 company’s outstanding shares.
Shares of NKE stock dropped about 4 percent on Tuesday morning, as #NikeBoycott has been trending on Twitter. The company’s valuation has since recovered a bit.
We chose a 5-day snapshot of NKE stock so viewers can see the fall comparing Labor Day Weekend’s “before” and “after”:
Yep. In the last few days I’ve gone other places rather than Walmart. Sure, maybe only $25 or $30 - not even a drop in the ocean to them but... Multiply that by days and weeks and thousands of other former customers. Maybe they’ll notice.
They lost a FORTUNE in my big fat extended Italian family alone.
42 first cousins, a little over half of them men.
Their boys.
And all of my nephews.
ALL that gone.
And for what?
I am fine with Schick and electric razors have gotten pretty good these days.
Once upon a time, corporate executives had a fiduciary responsibility to their shareholders. But I guess now the executives can tank the whole thing if, you know, if makes them feel good about themselves. Because that’s what’s important.
Rechargeable trimmers.
Good maybe Chic-fil-a will buy them and start making shoes you can eat.
While supplies last. They’ll stop when inventory runs out is their plan.
They said they will sell what they have, but will not replenish handgun or “assault weapon” ammo.
I buy New Balance. Made in the USA. And their staff is great. They also sell inserts. Wouldn't go anywhere else.
As long as they’re not Gillette :)
It’s HARD to imagine who thought that bashing white guys as molesters or worse would be good for business.
And then they doubled down with the transgender shaving!!
His boyfriend/girlfriend is a tranny.
So now we find out Colin Kaepernick has been
hit in the chin with more balls than Mets catcher,
Mike Piazza...
ad = at
Thank You Windflier.
Best laugh I’ve had in a while.........
what’s amazing is just how OUTRIGHT STUPID Nike was in associating itself with this insulting, Anti-American jerk
it takes years to build up a brand name with a favorable public/consumer image
years, and a great deal of effort and money!
and then Nike just throws it away?
stupid!
What a wonderful title! Investors know what a turnoff this whole deal is. NKE has decided to engage in a policy of massive revenue reduction by focusing on a nitch market of deviants.
You’re wrong. There is very much wrong with being a fag. Read yer Bible.
Fixed it
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