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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: ClearCase_guy

>>>Once upon a time, corporate executives had a fiduciary responsibility to their shareholders

Yes, and that emphasis led to much of our manufacturing base being moved to China and the encouragement of mass immigration to the US.


81 posted on 09/07/2019 11:38:02 PM PDT by oincobx (Soybean receipts in 2019 are expected to decrease ($5.7 billion or 14.3 percent), reflecting anticip)
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To: Windflier

If it were only true . I’m not a Nike fan at all but Nike closed the week as of 9/6/19 at $88.69 up 4.96%. So I don’t know where the stats for this article came from

Nike move is deliberate with their anti-American or at least anti “The Man” push.

Nike sales are only about 1/2 US and the growth has come from overseas, Africa,Middle East, China and Europe. Their target audience is built around defiance, putting it to the man and the sales are driven by “people of color” not MAGA supporters.
Anyway Nike is not the best product out there and its interesting how the left lets them now get away with sweat shop labor in Asia.


82 posted on 09/08/2019 1:42:02 AM PDT by TECTopcat (TopCat)
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To: Aria

Did you read that about the computer screens?


83 posted on 09/08/2019 3:40:24 AM PDT by Vision (Obama corrupted, sought to weaken and fundamentally change America; he didn't plan on being stopped.)
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To: Windflier

Don’t diss your customers. Like Michael Jordan wisely said, “Republicans buy shoes, too!”


84 posted on 09/08/2019 3:55:50 AM PDT by griswold3
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To: Windflier

Un-possible, we were told Nike crap was flying off the shelves after the dust up.


85 posted on 09/08/2019 4:09:20 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: TexasGator

Then why is it down now?


86 posted on 09/08/2019 5:14:25 AM PDT by IronJack
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To: Bon mots
His boyfriend/girlfriend is a tranny.
A switch hitting SJW. We got the total package here.
87 posted on 09/08/2019 6:56:56 AM PDT by Impala64ssa (Virtue signalling is no virtue)
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To: IronJack

“Then why is it down now?”

IT IS NOT DOWN.


88 posted on 09/08/2019 10:10:45 AM PDT by TexasGator (Z1z)
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To: Vision

No, what about the computer screens?


89 posted on 09/08/2019 11:09:31 AM PDT by Aria
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To: 2banana
Nike, Target, Gillette and Dicks.

How is that working out for ya?

Nike stock rebounded and is less than a dollar off its YTD high. Target stock is up 40% over its year-ago price. Gillette is up 12% over its 6-months-ago price. Dick's stock is up a bit after announcing they were dropping assault weapons.

90 posted on 09/08/2019 2:43:41 PM PDT by Bubba Ho-Tep ("The rat always knows when he's in with weasels."--Tom Waits)
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