Zion Sneaker Blowout Draws Mild Reaction on Wall Street, Hysterical Reaction in Media
Nike shares traded down slightly the day after Duke freshman star Zion Williamson blew out a Nike PG 2.5 sneaker and limped off the court as investors, perhaps remembering how they overreacted to the Colin Kaepernick ad, mostly hoped the shares would drop more and give them a lower entry point on the stock. The media reaction was a bit more extreme, with Sports Illustrated, for instance, speculating on the possibility of a product liability suit by both Williamson and Duke against the Eager Beavertons. ESPN’s Max Kellerman talked about how Nike supposedly makes sneakers in less developed countries for ... Log in to view full article.