Page Summary
StockX is an online clothing marketplace, primarily focused on sneakers where you can buy and sell clothes, sneakers, NFTs, and electronic goods like smartphones and game consoles. Dan Gilbert, Chris Kaufman, Greg Schwartz, and Josh Luber founded it in 2015. The company is based in Detroit, has over 800 employees, and has offices in London and Eindhoven. StockX also has authentication facilities where employees test the authenticity of goods.
StockX Platform
On the StockX platform, sellers can place goods up for auction and users can bid on them. When an item is sold, the seller sends the item to StockX facilities to be inspected. When an item is authentic it ships to the buyer. Whenever an item is counterfeit, it is returned to the seller and the buyer receives a refund. Products on Stockx have variable prices and users can see historic price data. New users have to pay a 9,5% transaction fee to Stockx and resellers pay a 3% processing fee.
Famous actors and musicians like Eminem, Mark Wahlberg, and Steve Aoki have invested in Stockx. The company has raised over $160 million in total and has a valuation of more than $1 billion.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…