StockX By: Kash Sandhu

Who started StockX The owner and CEO of StockX is Josh Luber. Josh started off by taking data about shoes and selling it to companies like Nike. the CO-owner of StockX is Dan Gilberts the Cleveland Cavs owner.

How StockX works When you buy a sneaker from stockX you can place a bid or buy it for the set price which changes according to the hype. Once you buy a shoe the seller ships it to StockX headquarters where they get legit checked. If they are real StockX will ship them to you, if they are fake StockX sends them back and fines the seller a 10% fee.

What is Stockx StockX is a app which connects shoe sellers and buyers. StockX guarantees you are buying 100% authentic items. You can also buy hype cloths, watches and bags.

How They make money When you buy a item StockX takes a 10% processing fee and a authentication fee. When you sell StockX takes a 3% payment processing fee, a 9.3% transaction fee and shipping charges. StockX will also charge a 10% fee if you are caught selling fakes StockX has made 1.2 billion dollars from the reselling market $380 came from nike shoes StockX originally started making money by taking data from shoes being sold and selling it to brands like Nike

Bibliography https://stockx.com/news/always-authentic-never-fake/ https://amp.businessinsider.com/images/577406bf4321f10d038b4f5e-960-640.jpg https://www.reddit.com/r/Sneakers/comments/7pyp6m/discussion_stockx_authentication_process/ https://www.linkedin.com/in/joshluber