Go woke, go broke? Just do it.
For the last decade or so, sneaker Nike spent so much time, effort, and money to push left-wing causes that it would be funny if it wasn’t so tragic.
So, eventually, the inevitable has happened: the company’s stock hit a 12-year low this week.
In his interesting Fox News article, Dan Zaksheske makes a pertinent disclaimer: the social justice debacle is not the only problem. There are newer competitors in the market, a general lack of excitement in the new products, and limited appetite by consumers to pay more for sneakers at this juncture.
But there’s no denying that Nike is starting to pay a hefty price for its…
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