Nike is no longer the coolest sneaker. At least this is how the stock exchanges calculate that Nike's stock will decrease by 36% from the beginning of 2026 and by 77% during five years. In September, the once iconic sneaker manufacturer lost its place in the S&P 100 index, which includes the 100 most valuable companies in America, for the first time in 18 years. Nike has been accused of simultaneously espousing overly progressive values and misogyny, as well as a lack of new ideas, strategic management failures, and overconfidence in its own popularity. All details are in the text. Open with VPN | No VPN.