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Mo’ Money: Nike Stock Spiked & The Company Made Billions After Colin Kaepernick Asked Them To Pull The Plug On Shoe

Mo’ Money: Nike Stock Spiked & The Company Made Billions After Colin Kaepernick Asked Them To Pull The Plug On Shoe
According to TMZ, Nike deciding to listen to Kaepernick just made their pockets a little bit fatter.

Nike shares are surging after the company’s decision to recall its special “Betsy Ross Flag Air Max 1 USA” sneakers after Kaepernick mentioned that the 13-star flag design was offensive because it’s been co-opted by several white nationalist groups.

Nike took heed and pulled the plug on the sneakers following Kaepernick’s objections and now Nike shares have seen a 2 percent increase since Tuesday. What does that mean? It means that the decision added nearly 3BILLION to the shoe giant’s market value.

Friday trading Nike shares were up slightly to 86.62 and the company’s market value is now 136.38 billion.


Posted by on
06 Jul 2019, 4:31 PM
Category: entertainment
Tags: @Mo’ @Money: @Nike @Stock @Spiked @ @The @Company @Made @Billions @After @Colin @Kaepernick @Asked @Them @To @Pull @The @Plug @On @Shoe

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