Nike paid Simone Biles $1.6M PER MONTH in sponsorships.
— Fernando Cao (@thefernandocz) April 28, 2025
Then she ditched them just 3 months before the Tokyo Olympics.
All because she spotted Nike's biggest weakness…
Here's how a brand 1/100th Nike's size stole the most decorated gymnast in history: pic.twitter.com/cTaLy94u0L
Interesting business stuff as the IPO and merger world evolves in a brave new world
https://www.semafor.com/newsletter/09/08/2026/semafor-business-the-taxman-cometh?utm_source=headernewsletterlink&utm...