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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. 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”:



TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: justdoit; kaepernick; nike; sjw
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To: Windflier

There are plenty of tennis shoe companies to choose from...


61 posted on 09/07/2019 6:58:15 PM PDT by northislander
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To: M. Thatcher

You are correct. The chart that was posted is BS. The low for Sept 4, 2019 was $85.50.


62 posted on 09/07/2019 6:58:48 PM PDT by snakechopper (The future's uncertain and the end is always near.)
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To: Windflier

In case no one has noticed, NKE closed at 88 something Friday afternoon.


63 posted on 09/07/2019 7:00:23 PM PDT by Concentrate (ex-texan was right and Always Right was wrong, which is why we lost the election. Podesta the molest)
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To: piroque

I just helped Walmart lower their inventory of handgun ammo yesterday. Now when the weather cools down I will expend it downrange.


64 posted on 09/07/2019 7:06:45 PM PDT by Ruy Dias de Bivar
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To: Mr Ramsbotham

...God wants people to be happy, healthy and thriving. ..And procreate.


65 posted on 09/07/2019 7:06:53 PM PDT by lewislynn (STOP SUPPORTING CHINA! DO IT NOW!)
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To: hawkaw

I’m just an old over-the-hill redneck, but I’m exclusively Skechers.


66 posted on 09/07/2019 7:15:40 PM PDT by Tucker39 ("It is impossible to rightly govern a nation without God and the Bible." George Washington)
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To: Windflier

The brainless idiot/idiots thought customers would love Colin Kaepernick


67 posted on 09/07/2019 7:34:32 PM PDT by butlerweave
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To: 2banana

“Walmart is about to join ya.”

Do not think so. The Left thought Wal-Mart went totally anti-gun, but that is not true.


68 posted on 09/07/2019 7:49:49 PM PDT by madison10
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To: Windflier

Nike HATES America, and HATES WHITE PEOPLE and American CITIZENS.

Nike can rot!


69 posted on 09/07/2019 8:04:49 PM PDT by Jmouse007 (Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
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To: Windflier

Does buying Nikes at Walmart cancel the two boycotts out? Asking for a rogue neighbor.


70 posted on 09/07/2019 8:16:00 PM PDT by ALASKA (Watching an attempted coup by a thousand cuts....)
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To: familyop

No more Nikes for this family.


71 posted on 09/07/2019 8:21:53 PM PDT by dsc (Our system of government cannot survive one-party control of communications.)
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To: Windflier

Weren’t we told that Nike sales had jumped after the Kaper-dick Caper? Couldn’t have been fake news, could it?


72 posted on 09/07/2019 8:28:59 PM PDT by IronJack
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To: Windflier

Goes to prove that Kaepernick is worth more off the field than on the field. How long would he have had to play to earn that $3.75 billion?

But, aren’t the people at Nike being racists? Big time?

They must be under the impression that the sneaker market is mostly driven by blacks. White men can’t jump anyway.


73 posted on 09/07/2019 8:31:02 PM PDT by adorno
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To: Windflier

Burn in Hell Nike.


74 posted on 09/07/2019 8:38:57 PM PDT by WKUHilltopper
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To: Windflier

Burn in Hell Nike.


75 posted on 09/07/2019 8:41:17 PM PDT by WKUHilltopper
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To: Windflier

76 posted on 09/07/2019 9:01:03 PM PDT by rlmorel (Trump to China: This Capitalist Will Not Sell You the Rope with Which You Will Hang Us.)
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To: Vision

They care about China - it has a huge potential market and USA is stagnant. What do they care - they’re saturated here.

They like to pat themselves on the back for proclaiming “equality” but they’re hypocrites. And I have to give them credit - they figured out most of their consumers don’t care about their politics which is globalism first and last. If you’re an athlete that hates the USA and you’re a person of color and/or a LBGTQRSTUVWXYZ or whatever...you might just get a Nike contract.

When they announced their original contract with Kaepernick they had on their in-house computer screens - which you couldn’t avoid seeing everyday - a photo of his ugly mug and the word “Sacrifice”. Unbelievable - as if he sacrificed one thing.

I truly hope the Kaepernick thing costs them. Arrogant jerks.


77 posted on 09/07/2019 9:12:36 PM PDT by Aria
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To: Midwesterner53

The bull dyke was just honored on a world wide Nike event.


78 posted on 09/07/2019 9:16:03 PM PDT by Aria
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To: TigersEye

#19. No. Craperhead should “be the face of “Just Get An Honest Job” campaign.

I understand there are lots of open positions in Seattle, Portland, San Francisco and New York City for “pooper scoopers”, “Needle collectors”, and “Urine washers”.

A fitting job for an extremist, anti-American ahole.


79 posted on 09/07/2019 9:18:34 PM PDT by MadMax, the Grinning Reaper
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To: IronJack

NKE was up the next day and the next and the next.


80 posted on 09/07/2019 10:48:31 PM PDT by TexasGator (Z1z)
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