eBay’s Sneakers are Us and Regeneron’s Regenerating Gambit 👟
eBay’s Sneakers are Us and Regeneron’s Regenerating Gambit
eBay will start raking in the cash one sneaker at a time as the company revealed on Monday that it will be expanding its sneaker authentication efforts for all new and preowned pairs priced over $100.
The expansion will be starting this month for only the most popular styles and will include all sneakers by early 2021. The sneaker resale market is expected to grow to $30 billion by 2030 according to a Cowen report so this shift in efforts could represent a very lucrative opportunity for the company.
After Trump made a statement calling the antibody cocktail he received « a cure », the Chief Executive Officer of Régénérons Pharmaceuticals Inc said that Trump’s case is only « a case of one », and the treatment still needs much more testing before its efficacy can be known.
Regeneron made the experimental drug cocktail that helped Trump and if they are honest enough to admit that it is not a cure, investors should be aware of this before arguing with others about where the world is at in regards to going back into a Covid free world. Régénérons stock is up over 50% this year alone.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.