Most of the SLT started with the company long ago, and their positions have outgrown them. You can see this in their failed entry into NFTs, the decision to continue to battle Nike in court which is draining their cash reserves, or their poor operational processes which lead to a bad customer experience. There is a lack of a consistent strategy; though themes seem to be centered around developing features, processes, and experiences that their competitors already have. Therefore the future doesn't bode well for StockX. Not with worthy competitors like GOAT, TheRealReal, the goliath eBay, and new entrant KicksCrew. Thus why their value has plummeted by 5x in the last year. All this, coupled with a tight credit market, dwindling cash reserves, several rounds of layoffs in the last year (with more likely), and an unfavorable IPO market, make the future at StockX bleak at best.
