FinanceSMH.com.auNike is collapsing. Yes it went woke, but that’s not why it’s going broke
Nike has lost more than US$200 billion in market value since its 2021 peak, a share price fall of nearly 80 per cent, and is set to drop out of the US top 100 companies.
The corporate behemoth is crashing out of the top 100 companies on the US stockmarket. To which I say – good.
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