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

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.