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AMZN

Nike history: Beyond the Ticker

Just do it. Nike's (NKE) slogan and 'Swoosh' logo that defines the iconic brand is now a staple for footwear, athletic apparel, and pop culture. The company generated more than $51 billion in revenue in 2023, an increase of about $4.5 billion year-over-year. Let's take a closer look at Nike's biggest moments with Beyond the Ticker, which charts its path to becoming a global icon. 1964 Nike was originally founded as Blue Ribbon Sports by Phil Knight and Bill Bowerman on January 25, 1964. 1971 The company was renamed Nike and began using the 'Swoosh' logo, created by Portland State University student Carolyn Davis, who sold Nike the logo for just $35. 1980 On December 2, 1980, Nike went public via initial public offering (IPO) on the NASDAQ at $22 per share. 1984 The company signed Michael Jordan, launching the Air Jordan series. Within the first two months of the shoe’s release, Nike sold $70 million worth of Air Jordans. 1997 Nike spun the Jordan brand into its own division featuring the 'Jumpman' logo. 2004 Nike acquired rival Converse for $309 million. Later that year, Phil Knight stepped down as CEO and president of Nike, but continued his chairman role. 2012 Nike became the official supplier for NFL apparel. 2013 Nike became a member of the Dow Jones Industrial Average (^DJI), replacing Alcoa (AA). 2015 The company was named the official supplier for NBA apparel. 2016 Phil Knight officially stepped down from all duties with the company on June 30, 2016. 2019 In November 2019, Nike stopped selling directly through Amazon (AMZN), focusing more on direct relationships with customers. 2021 On November 5, 2021, Nike stock hit an all-time high, trading at $173.12 per share. With the stock down nearly 20% over the past year, as concerns over slowing sales growth and demand in China mount, investors are waiting for the next leg of innovation from the shoe company. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds...

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AMZN

Arm CEO Sees a ‘Huge Tailwind’ From New Chips. Nvidia and Intel Are Helping Too.

Arm’s stock has soared since last year’s IPO. Why CEO Rene Haas is so confident about the company’s growth...

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MSFT

Microsoft to Launch AI Assistant for Security Products

Tech giant said Copilot for Security would be available worldwide next month under a pay-as-you-go licensing model...

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AAPL MSFT

It’s not all doom and gloom for Apple in 2024

Apple's 2024 isn't going great, but it has plenty of time to make up for it...

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AAPL GOOGL MSFT

Four Tech Stocks To Buy With Recession-Proof Balance Sheets

This article discusses the top tech names with balance sheets that boast cash balances which well eclipse long term debt. Read this article to know more...

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MSFT

TikTok May Be Up for Sale Soon. Who Would Buy It?

The list of potential suitors is much shorter than it was in 2020. For one thing, TikTok is a lot bigger...

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GOOGL

Waymo’s robotaxi service expands into Los Angeles, starting free rides in parts of the city

Robotaxis will begin cruising the streets of Los Angeles on Thursday when Google spinoff Waymo starts offering free rides to some of the roughly 50,000 people who have signed up for its driverless ride-hailing service. Waymo is expanding into Los Angeles, the second largest U.S. city, seven months after California regulators authorized its robotaxis to begin charging for around-the-clock rides throughout San Francisco...

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TSLA

Li Auto Stock Has 86% Upside, According to 1 Wall Street Analyst Firm

Can 90% sales growth drive an 86% increase in stock price?...

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TSLA

Elon Musk’s Tesla is ‘growth company with no growth’

More than $14.3bn (£11.2bn) has been wiped off the value of Tesla after it was labelled a “growth company with no growth” by a Wall Street bank...

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GOOGL

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt

(Bloomberg) -- Harvard University economics professor Kenneth Rogoff said both President Joe Biden and his predecessor and challenger Donald Trump risk sending US debt levels into dangerous territory as Washington fails to grasp that the era of ultra-low interest rates won’t come back.Most Read from BloombergPutin Says Ukraine Deal Requires Security Pledges for RussiaEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryUnited Tells Boeing to Stop Making Its Long Delayed Max 10sPhysic...

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