StubHub operates one of the world's largest online ticket reselling marketplaces. Answer (1 of 6): Not fair to consumers and actually the platform is a criminal violation of 'intents' behind scalping laws. Vivid Seatsis currently estimated to be the third-largest resale ticket marketplace in North America after StubHub and Live Nation. A company becomes publicly traded by making an initial public offering (IPO) of shares in the company, which helps it to raise capital and gives both investors and the company a powerful way to create wealth. A public company can sell its registered shares to the general public. But whether the going-public process occurs by IPO or SPAC, the outcome is the same. Enter ticker in quote search and select "News in the left navigation menu". Similarly, any tours with Live Nation as the promoter could impose transferability restrictions upon third parties who sell tickets where Live Nation does not control the venue. Like Ticket Liquidator, Razorgator promises that tickets arrive on time and are valid for entry into the event. OVG is super competitive, and is currently building venues around the world. A private company can sell its own, privately held shares to a few willing investors. Teams, artists, and venues partnered with StubHub. All tickets are delivered prior to the event, and if an event is permanently canceled, buyers receive a refund. Any potential buyer also has to consider the political implications of acquiring StubHub. StubHub did issue a full refund of both purchases. TicketNews has affiliate links in some of its posts - it may receive a commission if you click a link and purchase tickets or other products. When prices get too high, supply moves into the market, and prices fall. Ability to raise funds by selling stock. Third, the way resale markets work, tickets are usually available on the day of the event, even though they were initially sold as much a year in advance. Ticket sellers have the upper hand when it comes to the pricing of their tickets for resale. Grant Suneson. Fortunately, there are plenty of sites like StubHub on the internet, making connections between ticket buyers and sellers. 78o (d)). There are also plans to make the company's corporate base 100% zero-waste and to power all new buildings on renewable energy alone. 0.00: 0.0%: 15.40: 19:00:00: Open Price Low Price High Price Close Price Prev Close; 15.40: 15.40: Trades Volume Avg Volume; 0: 0-Last Trade Time Type Quantity Stock Price Currency-0 . At the same time, events are moving up in the size of their venues. Think about that an entire stadium of people who got in with nothing more than paper tickets and were promptly handed a baseball bat. The only reason any of these outside companies should consider taking on StubHub is if it provides them a gateway to enter the primary ticket sales market. Interest rates are currently very low. Meanwhile, sellers incur a 15 percent fee for using StubHub. That pooled energy creates a high, which is what draws people, again and again, to buy tickets, stand in lines and be part of something bigger than themselves and a screen. No Subway is not a publicly traded company. Have questions or want more information? But, that market is extremely treacherous and fiercely competitive. Google and Facebookhave a different potential reason for looking at StubHub. SeatGeek operates a search engine that allows buyers to check multiple sources for tickets to events. The company is delisted from the . While StubHub is legit, many users find that their customer service department leaves a lot to be desired. In addition, like Ticket Liquidator and Razorgator, Vivid Seats makes a customer service pledge to its buying customers. Company insiders -- generally board members, executives, and directors -- must publicly disclose all purchases and sales of the stock of the company. They also allege that they do not receive the same benefits that an employee does. I believe we are currently at the inflection point in which there is no real ability to continue to push up the prices of tickets. One reason companies go public is because doing so creates an opportunity for insiders to sell their equity holdings. As with all booms, the next trend is reversion to the mean. In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares. The 2007-founded company, initially known as . Alphabet trades on the Nasdaq under the symbol GOOG. We already see the limited transferability arguments being established by lobbyists and corporate public relations teams. Learn more about what it means to be a publicly traded company. companies: 3,568 total revenue (TTM): $21.073 T. . Like I mentioned above, since Subway's owned by a private company (Doctor's Associates . Grubhub's system and local restaurants were immediately overwhelmed after fielding nearly 6,000 orders per minute. Those two companies have continued to grow, despite facing competition from rising digital payments companies. The amount of supply is affected by the size of the venue where the event will occur. The main draw of the platform is that ticketholders can sell their unwanted tickets if they find that they are unable to attend an event. The Stubhub (and similar other) platforms should be shut down; permanently. It is a great way to put your mind at ease before your first transaction on the ticket marketplace (and you may also be curious to see if Vivid Seats is legit). 21,000 to be exact. StubHub is a resale ticket marketplace owned by eBay. However, this alone does not make a tech company. However, YouTube is owned by Alphabet Inc. A U.S. Chamber of Commerce report found that 43% of small businesses . "The drivers as a general matter cannot engage in personal non-work activities during their GrubHub shifts," the complaint states, meaning that they essentially function as employees. This compensation may impact how and where listings appear. AEG Anshutz Entertainment Group owns the AXS primary ticketing platform, along with teams and arenas around the world. LYV | Complete Live Nation Entertainment Inc. stock news by MarketWatch. Jasper AI Review (Formerly Jarvis AI): Is It Still The Best AI Writing Assistant? Stubhub is not related to Ticketmaster/live nation. "When a publicly traded company becomes a privately-held company, the public company's shares are purchased at a premium by the investors buying the company. This gives them the scale to block out other potential competition. A great deal of transactional volume and income can be added for a relatively negligible amount of debt service expense. For those who are purchasing tickets that require a physical copy, you might want to reconsider shopping with StubHub. They carry tickets for both concerts and sporting events, as well as performances from artists, theatre shows, and comedians. Buy StubHub when the prevailing consumer trend is to wait until curtain time in hopes of getting a ticket for 50% of face value? But, thats a whole other story. [2], As of 2019, the company had 19.9 million active users and 115,000 associated restaurants across 3,200 cities and all 50 states in the United States. StubHub Is For Sale: How Much Is The Marketplace Really Worth. Invest better with The Motley Fool. Anyone considering a purchase of StubHub also has to figure out whether its infrastructure is mature once it loses the umbrella of services provided by its corporate parent eBay. Publicly Traded AI Companies to Watch. Regulators worldwide are beginning to believe resale ticket markets manipulate consumers through deceptive marketing practices. A business model is a company's profit-making plan which defines the products or services it will sell, its target market, and any expected costs. Prices can fluctuate, so make sure to do some price comparisons before you add a set of tickets to your shopping cart. Rival has been backed by great VCs like Andreessen Horowitz. The company promises that tickets are valid and authentic, delivered prior to the event, and are the same, equal to or better than what the customer ordered. [79] Later that same month, a settlement was announced whereby Gruhub would be required to pay $125,000 to several Pennsylvania food banks and be more transparent about its pricing. female lovebird attacking male; job title with slash; . So far, I have never received a message offering me a discount or upgrade while at an event. We have accomplished this through a combination with Concord Acquisition Corp ("Concord") (NYSE: CND.U), a publicly traded special purpose acquisition company. Even eBay makes mistakes when trying to buy into the tech-driven future. Of course, StubHub is also used by venues, sports teams, and performers to sell tickets directly to their audience. It matters whether its in a stadium, festival field, arena, theater, or club. By 2003 the company had become profitable, and the pair sold StubHub to e-trading giant eBay in 2007 for a whopping $310 million. StubHub is a resale ticket marketplace owned by eBay. So, lets review how tickets work. [72] This practice was banned in California in 2021 for its abuse of restaurants. Its the collective cathartic experience of a crowd. Are the tickets tiered so better seats cost more or is it all general admission? Also, lets not forget that we are currently in the longest economic expansion on record. a is stubhub a publicly traded company? Use of this website signifies your agreement to our. [26] Tapingo, a San Franciscobased platform for campus food ordering was acquired by Grubhub in November 2018. Berkshire Hathaway, best known as the company that Warren Buffett built, is a conglomerate that owns businesses as varied as the insurance provider GEICO and the Burlington Northern Santa Fe railroad, as well as a diverse range of publicly traded stocks, including those of Apple, Bank of America(NYSE:BAC), andCoca-Cola(NYSE:KO). The company goes from being privately held to publicly traded. consigli funeral home obituaries; examples of replication in science; virtual craft night ideas. Three days after the FTCs workshop in ticketing concluded, the BOSS ACT 2019 was introduced in Congress. The price set for tickets varies endlessly. It may simply be bad business to try and use StubHub as an entry point to a new business because of the impact that may have on their present advertising revenue in the space. StubHub is a legit organization that employs more than 12,000 people who are all there to ensure that tickets get bought and sold in a timely manner. StubHub spends a lot of money buying online advertising, including paid search and social media posts. SeatGeek also offers a number ofsafetyguarantees for buyers. If you are selling lots of tickets or plan to attend several events, make sure you do the math on how much money you are spending in fees for the convenience of using StubHubs listings. Heres what you Dierks Bentley Announces Gravel & Gold Summer Tour Dates, Suga Cancelled Sale, Ticket Pricing Another Verified Mess for Ticketmaster, Eventbrite Plans to Lay Off 8% of Staff; Outsource Other Roles, The Lumineers Announces Plans for 2023 Tour Dates, Ticketing Startup Backed by A-Rod, Marc Lore Launched, Ticketmaster Announced as Major League Soccer Ticketing Partner. Between them, they know where all the bodies are buried and may even own some of the shovels used in the process. Heres a good one: people stop spending money carelessly during a recession. Today we only discuss the potential risks StubHub faces as the ticket industry continues to change, and whether it is worth buying as an investment. Answer (1 of 9): No. Live events are indisputably sexy. Traded on. According to CNN Money, 2007 was a very successful year for the company, handling five million individual transactions, more than in the previous six years combined of its history. It allows you to purchase event tickets from other users and then print them off the website or an email, or have them mailed to you. It doesnt really matter what the offer is if the performance is more compelling. Fees apply to both the buyer and the seller of the ticket. Yankees fans are already thrilled as its FULL SIZE WOODEN BAT DAY. Be sure to inquire about what type of ticket you are purchasing and try to stick with these mobile options for better success on the ticket-selling platform. Ticket Liquidator promises a 100% money-back guarantee if sellers fail to meet any of these promises. As a result, Ticket Liquidator provides the following guarantees to its customers: Vivid Seats is another StubHub competitor that sells tickets to popular events. Major League Baseball (MLB) and the National Football League (NFL) both allow their fans to sell tickets to events directly on the StubHub platform. Now, StubHub sells tickets which consumers bought but no longer want. That's not to say StubHub competitors aren't chasing its tail: the company faces major competition from several other online ticket services. StubHub is an online ticket trading platform. Wallace and Bryant argue that drivers work on scheduled shifts, and must work in a certain area. Shares that are publicly traded generally command higher prices than shares that are not publicly traded. It also promises that tickets are the same, equal to or better than what the customer ordered. The legacy companies JPMorgan Chase and Visa are major participants in the financial services industry, which encompasses commercial banking, investment banking, and credit cards -- a sector that Visa and Mastercard(NYSE:MA) together dominate.
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