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Nike's Decline: How Awakening Culture Ruins an American Cultural Icon
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1 Articles
Nike's stock price has plummeted nearly 80% from its peak, wiping out over $220 billion in market value. Now, this once-invincible sports giant is facing removal from the S&P 100 index. Nike's current predicament can perhaps be traced back to a joke by Michael Jordan: "Republicans buy sneakers too." This statement has long been attributed to Michael Jordan. In 1990, North Carolina...
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