Poshmark, a social commerce platform to buy and sell used goods, went public today. The stock was over 100% on its first day of trading. Serena Williams is on the Board of Directors of Poshmark. She joined the company’s Board in 2019.

Though Serena’s stake in the company is not publicly available, her Poshmark stocks are likely worth millions of dollars at its IPO. The company was valued at $3 billion prior to its IPO.

The company has more than 70 million users in the US and Canada. The company was co-founded by its CEO Manish Chandra. Other investors in the company include Hollywood star Ashton Kutcher and fashion-designer Rachel Zoe, and venture capital firms.

Serena Williams sold some items from her closet on Poshmark last year to raise money for charity.

Sponsors can’t get enough of Naomi Osaka. Louis Vuitton is the latest brand to sign Osaka as its brand ambassador. Osaka was the highest-paid female athlete in 2020 according to Forbes.

Naomi is an exceptional woman who represents her generation and is also a role model for everyone. Her career and convictions are inspiring. I am in awe of Naomi, she stays true to herself and doesn’t compromise on her values.

– Nicolas Ghesquière, Creative Director, Louis Vuitton

In 2020, the usually shy Osaka used her status as a top tennis player to highlight social injustice. At the US Open, Osaka wore masks bearing the name of people who suffered injustice due to their race. She also actively embraced the “Black Lives Matter Movement”.

Osaka’s critics suggested that her explicit support for social injustice might make her less appealing to big brands. But in reality, the opposite has occurred. More brands are interested in Osaka because she is outspoken about the issues she cares about. 

Louis Vuitton is a French fashion house and luxury goods, maker. The company’s products include shoes, watches, jewelry, accessories, sunglasses, and more. The company had $15 billion in revenue in 2020.