Nike Stocks Surged After Kaepernick Pulled Plug On 4th Of July Sneaks

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

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Source: Matt Winkelmeyer / Getty

Kapernick’s Veto Helped Nike Cash Out In A Major Way

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 $3 BILLION 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.

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Nike Stocks Surged After Kaepernick Pulled Plug On 4th Of July Sneaks

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Kapernick’s Veto Helped Nike Cash Out In A Major Way

Seen On The #RHOA Scene: Haute Housewives Porsha Williams, Angela Oakley & Phaedra Parks Support Drew Sidora’s ‘Run’ ATL Premiere

Racket Talk: Taylor Townsend Whoops The White Tears Out Of Salty Sore Loser Jelena Ostapenko Who Said TT ‘Has No Education’

Former #LHHMIA Star Allan Mueses Arrested & Charged With 4 Counts Of Sexual Assault

Boo’d Up & Batter Up! Megan Thee Stallion Is Klay Thompson’s Gorgeous Good Luck Charm At Inaugural Sandlot Classic Baseball Game

Lil Yachty Apologizes After Stephen Jackson Wanted All The Smoke Over George Floyd Punchline, Floyd’s Brother Demands Lyric Changed

eHBCU Is In Session: HBCU President Dr. D’Wayne Edwards Is Digitally Redefining Black Excellence In Education [Exclusive]

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