Opinion

Stephen Brook Special correspondent, The Age

Updated September 10, 2026 — 3:50pm , first published 3:47pm

Updated September 10, 2026 — 3:50pm , first published 3:47pm

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This week there’s been era-defining upheaval in the capitalist cultural zeitgeist: sportswear icon and behemoth Nike has suffered such a loss in market value it’s set to crash out of the top 100 companies on the US stockmarket. To which I say – good.

The corporate megalodon has lost more than $US200 billion ($277 billion) in value since its record high of 2021 – a share…

Read the full article at SMH.COM.AU