Breaking Nike News!
This just in! Nike lost about $3.75 billion in market cap after announcing Colin Kaepernick as the new face of its “Just Do It” ad campaign, and we couldn’t be happier on this the 30th anniversary of the iconic TV and print spots. I For one will never buy another Nike product as long as I have air in my lungs. Why? Because they’re just as socialist as the rest of the left, and they are paying a guy who disrespected our flag, and then they went and did it also with “The Betsy Ross flag” removal. So check this out. At the time of this post, 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
