Nike (NYSE:NKE) is in a spot of bother today after the company decided to pull a pair of Betsy Ross designed sneakers featuring the old American flag. NKE stock is currently down 0.61% and selling for $84.90 USD.
What happened? Here’s what we know.
NKE Stock Reacts to Shoe DebaucleAccording to The Wall Street Journal, US Football star Colin Kaepernick complained about the shoes. The old American flag imprinted on the back was once used during a period of slavery in the US and is said to be used by extremist groups today. ...
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