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> What does Nike see here? They aren't a bunch of dummies [...] clearly someone up top sees something going on here with NFTs? Assuming they don't: Buzzwords b
by 2pEXgD0fZ5cF 5y ago
> What does Nike see here? They aren't a bunch of dummies [...] clearly someone up top sees something going on here with NFTs?
Assuming they don't: Buzzwords basically pay for themselves by driving up share prices and on top they generate free advertisement (as in this case).
Couldn't an argument be made that these aspects are more than enough reason for Nike to pull something like this, even if they don't believe
at any moment that there is any worth in something like NFTs. Things and technologies can generate money (or be useful for somebody) even if they are bull**.
- alwayseasy 5y agoYour argument implies Nike would be parting ways with it's M&A strategy of buying businesses that have real tie-ins with their core. The stock is down since the announcement and underperforms the DJI.