Did Nike’s Most Recent Quarterly Report Show $790 Million in Losses?
Viral social media posts claim that Nike has reported $790 million in losses in its most recent quarterly report and has had to lay off staff as a result. The posts suggest that these losses are as a result of the company’s political stances, particularly giving Colin Kaepernick an endorsement.
About Alec Dent
Alec Dent is the culture editor and a staff writer for The Dispatch. He is a graduate of the Hussman School of Journalism and Media at UNC Chapel Hill, and previously oversaw The Dispatch's fact checking team.