Nike overpaid $7.9 billion buying back its own stock

The opportunity cost of Nike’s stock buybacks now reaches nearly $8B, and its repurchase program is on pause with $5.9B left.

Nike warns of layoffs as stock hits 13-year low

After nearly 18 years, the S&P 100 Index has dropped Nike as a constituent amid falling sales, profitability, and headcount.

NFTs produced by RTFKT, the startup that was bought and shut down by Nike, are no longer displaying the intended artwork.

Sneaker resale platform StockX is being sued by Nike over a series of NFTs the sportswear giant says could harm its reputation.