![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/Colin-Kaepernick.jpg?fit=618%2C412&ssl=1)
Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of 'Just Do It' Ads - TheWrap
In the wake of NIKE, Inc.'s (NYSE:NKE) latest US$12b market cap drop, institutional owners may be forced to take severe actions - Simply Wall St News
![Ed Elson on X: "Hermès is now more valuable than Nike. H/T: @ToddEBenson https://t.co/XAjEjeh2IH" / X Ed Elson on X: "Hermès is now more valuable than Nike. H/T: @ToddEBenson https://t.co/XAjEjeh2IH" / X](https://pbs.twimg.com/media/FrcccI0WwA06xzi.jpg)