Stop 13 year old stockx undercutters
Stop 13 year old stockx undercutters
Stockx undercutters are 13 year old kids who do not understand how a market works. They think that they are achieving something by under-bidding each other by $1 for hours on end, ultimately leading to the tanking of prices. This hurts both the smart sellers and the selling platform, stockx. Stockx can solve this problem via a few simple solutions:
- implementing a ‘new ask’ limit where sellers can only change their ask 1-2 hours after placing it, this way sellers cannot drive the price down hundreds of dollars in a matter of minutes, and still allows for prices to eventually find an equilibrium.
- better educate sellers on the advantages of not undercutting prices, and the advantages of holding on to products
- increase required selling age to 18
Sign this petition if 2 ding dongs have ever undercutted each other on a shoe/clothing item that you owned.