![Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of 'Just Do It' Ads - TheWrap Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of 'Just Do It' Ads - TheWrap](https://i0.wp.com/www.thewrap.com/wp-content/uploads/2018/09/NKE-stock.jpg?resize=640%2C509)
Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of 'Just Do It' Ads - TheWrap
![Nike stock price on the screen of mobile phone in mans hand with changing stock market graphs on the background, February 2022, San Francisco, USA Stock Photo - Alamy Nike stock price on the screen of mobile phone in mans hand with changing stock market graphs on the background, February 2022, San Francisco, USA Stock Photo - Alamy](https://c8.alamy.com/comp/2HR9ARN/nike-stock-price-on-the-screen-of-mobile-phone-in-mans-hand-with-changing-stock-market-graphs-on-the-background-february-2022-san-francisco-usa-2HR9ARN.jpg)
Nike stock price on the screen of mobile phone in mans hand with changing stock market graphs on the background, February 2022, San Francisco, USA Stock Photo - Alamy
![Nike's stock is on its biggest losing streak since the apparel giant's IPO in 1980—wiping out $13 billion in market value Nike's stock is on its biggest losing streak since the apparel giant's IPO in 1980—wiping out $13 billion in market value](https://content.fortune.com/wp-content/uploads/2023/08/GettyImages-1630911547-e1692748388256.jpg?resize=1200,600)
Nike's stock is on its biggest losing streak since the apparel giant's IPO in 1980—wiping out $13 billion in market value
Wrote about scarcity — key to the #luxury sector reaping sky-high margins. @hermes now has a higher market capitalization than @nike, at… | Instagram
![Charlie Bilello on X: "Net income over the last 10 years... Tesla: -$6 billion Nike: $30 billion Free cash flow over the last 10 years... Tesla: -$9 billion Nike: $27 billion Tesla Charlie Bilello on X: "Net income over the last 10 years... Tesla: -$6 billion Nike: $30 billion Free cash flow over the last 10 years... Tesla: -$9 billion Nike: $27 billion Tesla](https://pbs.twimg.com/media/EP8Hd3MWsAM_k8U.png)