Published: Mar 23, 2025, 05:20 IST | Updated: Mar 23, 2025, 05:20 IST
Nike, once a dominant stock and a poster-brand for the global sportswear industry, has seen its stock value plummet, hitting a five-year low after a 9% drop in share price. The company's market capitalization has now fallen below $100 billion for the first time since the pandemic