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News: Wale, Eminem and More Invest in StockX ‘Sneaker Stock Market’

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Eminem, Wale, Mark Walberg and more have invested in StockX, the world’s first online sneaker stock market. The idea is to have buyers place bids, sellers place asks and when a bid and ask meet, the transaction happens automatically.

The company, founded by Cleveland Cavaliers owner Dan Gilbert, ensures consumers will never have to worry about legit buyers or sellers. Co-founder and CEO Josh Luber’s plan is to create a unique form of commerce that genuinely doesn’t exist outside the stock market. The company, with the investments hope to dive into the $6 billion sneaker market and later expand to apparel, bags, watches and more.