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Message
Nike loses $1.1 billion in stock value after shoe failure
Posted on 2/21/19 at 9:26 pm
Posted on 2/21/19 at 9:26 pm
quote:
The long-term ramifications for Nike remain to be seen, but in the short term, investors reacted by unloading Nike stock. The shares tumbled as much as 1.7 percent on Thursday and closed down 1.1 percent at $83.95, erasing roughly $1.1 billion from the sporting apparel company's market capitalization since Wednesday's close.
LINK
11
Posted on 2/21/19 at 9:29 pm to weagle99
It’s funny that the whole thing with Kap actually helped their cause, but one shoe blows out and this happens 
Posted on 2/21/19 at 9:30 pm to weagle99
Excellent buying opportunity. shite will be old news in a couple of days
Posted on 2/21/19 at 9:31 pm to JohnnyKilroy
I have been thinking about this but does anyone think Zion tampered with the shoe to cause the failure so he could sit out the rest of the season and save face from not playing?
Posted on 2/21/19 at 9:32 pm to 0
quote:
It’s funny that the whole thing with Kap actually helped their cause, but one shoe blows out and this happens
Headline manipulation more than anything. Stock prices fluctuate all the time. It’s just an easy click if you can connect it to some event
Posted on 2/21/19 at 9:32 pm to UAinSOUTHAL
Jesus Christ lol
Cmon baw
Cmon baw
Posted on 2/21/19 at 9:33 pm to weagle99
Meh that’s not really a substantial loss. It might have nothing to do with the Zion thing.
Posted on 2/21/19 at 9:33 pm to UAinSOUTHAL
quote:
I have been thinking about this but does anyone think Zion tampered with the shoe to cause the failure so he could sit out the rest of the season and save face from not playing?
From the look on his face it sure didn’t look like it was on purpose.
Posted on 2/21/19 at 9:35 pm to weagle99
Stock was down 1%. Geez you aren't smart
Posted on 2/21/19 at 9:35 pm to weagle99
Jussie do it
Posted on 2/21/19 at 9:36 pm to Enfuego
A tennis shoe company is worth $100B?
wonder if they are paying the Malaysian kids any better?
wonder if they are paying the Malaysian kids any better?
Posted on 2/21/19 at 9:40 pm to UAinSOUTHAL
quote:
does anyone think Zion tampered with the shoe to cause the failure so he could sit out the rest of the season and save face from not playing?
He would sit out the season to avoid injury. There’s probably better ways to go about that then by doing something that would have exponentially increased the chance of a serious injury...
Posted on 2/21/19 at 9:42 pm to weagle99
quote:
The shares tumbled as much as 1.7 percent on Thursday and closed down 1.1 percen
Means nothing.
Posted on 2/22/19 at 1:31 am to JohnnyKilroy
quote:
Excellent buying opportunity. shite will be old news in a couple of days
Yep, people have very short memories. In a few days absolutely nobody who was planning on buying new shoes will see Nike's and pass on them and buy something else because of this.
The news cycle we live in is so fast these days the public is over just about ANYTHING in a matter of days.
Posted on 2/22/19 at 4:07 am to weagle99
Holy moly, 1.7%
Lol, give me a break, this is such a reach
Lol, give me a break, this is such a reach
Posted on 2/22/19 at 5:25 am to Pendulum
Rovell 1
Rusillo 0
Rusillo 0
Posted on 2/22/19 at 6:22 am to 1ranter1
Exactly he’s done enough to be a guaranteed top 3 pick and probably #1 no matter what.
He should just hire an agent and make a spoof Nike commercial with another shoe company. Debut it during March madness from his new crib
He should just hire an agent and make a spoof Nike commercial with another shoe company. Debut it during March madness from his new crib
Posted on 2/22/19 at 6:40 am to TheWalrus
quote:
It might have nothing to do with the Zion thing.
I would bet the issues with their self-lacing shoes app had a LOT more to do with it.
Those Paul George shoes were some of the most worn in the NBA and never had that issue.
Posted on 2/22/19 at 7:38 am to UAinSOUTHAL
quote:
I have been thinking about this but does anyone think Zion tampered with the shoe to cause the failure so he could sit out the rest of the season and save face from not playing?
Yes, Zion Williamson tampered with his shoe to risk serious knee injury.
Posted on 2/22/19 at 8:31 am to UAinSOUTHAL
quote:
I have been thinking about this but does anyone think Zion tampered with the shoe to cause the failure so he could sit out the rest of the season and save face from not playing?
My first thought when it happened.
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