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”:
There are plenty of tennis shoe companies to choose from...
You are correct. The chart that was posted is BS. The low for Sept 4, 2019 was $85.50.
In case no one has noticed, NKE closed at 88 something Friday afternoon.
I just helped Walmart lower their inventory of handgun ammo yesterday. Now when the weather cools down I will expend it downrange.
...God wants people to be happy, healthy and thriving. ..And procreate.
I’m just an old over-the-hill redneck, but I’m exclusively Skechers.
The brainless idiot/idiots thought customers would love Colin Kaepernick
“Walmart is about to join ya.”
Do not think so. The Left thought Wal-Mart went totally anti-gun, but that is not true.
Nike HATES America, and HATES WHITE PEOPLE and American CITIZENS.
Nike can rot!
Does buying Nikes at Walmart cancel the two boycotts out? Asking for a rogue neighbor.
No more Nikes for this family.
Weren’t we told that Nike sales had jumped after the Kaper-dick Caper? Couldn’t have been fake news, could it?
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.
Burn in Hell Nike.
Burn in Hell Nike.
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.
The bull dyke was just honored on a world wide Nike event.
#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.
NKE was up the next day and the next and the next.
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