Nike Increases Market Value to $3 Billion After Kaepernick Shoe Controversy

Nike was set to release a sneaker for the 4th of July-the Air Max 1 USA.

The sneaker included a slave-era Colonial American flag designed by Betsy Ross. Colin Kaepernick advised Nike to pull the sneaker and so they did.

According to Forbes Nike saw a 2% stock increase that added $3 billion market value to their brand.

 
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