is stubhub a publicly traded company?

If the holder of the ticket owns it, then they can sell it regardless of whether the artist, team or promoter approves. It doesnt really matter what the offer is if the performance is more compelling. Some users report that it was a real hassle to receive their tickets in the mail. The good news is that this platform is a safe and convenient way to sell sought-after tickets. Are the tickets being dynamically priced so that they change continuously in response to the demand the ticket servers observe as the sales take place? a is stubhub a publicly traded company? 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. Buying and selling tickets on StubHub.ca. So, heres the play. We have accomplished this through a combination with Concord Acquisition Corp ("Concord") (NYSE: CND.U), a publicly traded special purpose acquisition company. Razorgator was founded in 2001 and offers tickets to concerts, sporting events, theater productions, and more. The investor talks harken to eBay's tumultuous split from its former payments subsidiary PayPal. My card was charged immediately. Print. First, there is the emotional connection between fans and their bands or teams. How 7 Niche Site Owners Are Using Link Whisper To Grow Their Sites. For example, you can sell them via Facebook Marketplace or through friends and family. Grant Suneson. The amount of supply is affected by the size of the venue where the event will occur. Before StubHub, the only alternatives when tickets were sold out were the local Index funds track a particular index and can be a good way to invest. Buyers face a 10 percent fee on the purchase price of the ticket. U.S. public companies are required by the Securities and Exchange Commission (SEC) to comply with specific reporting requirements. 0 0 items. StubHub is a safe and secure ticket marketplace. Second, Ive bought tickets for approximately 50 live events annually for the past 40 years. These restrictions could be transferability, floor or ceiling price if resold, restrictive limits on which markets may resell the ticket and so forth. Radio One sold 7.15M shares of common stock, making Ms. Hughes, the first African-American women to head a publicly traded company. No big deal until I decided to return . Many events were canceled in light of changing health and safety requirements, but many customers found that they werent able to get their refunds. How much demand is there for the event? 3 Exceptional Energy Stocks to Buy in March, Why I Just Bought More of This Ultra-High-Yield Dividend Stock, Your Dividends Are Only as Reliable as Your Balance Sheets, This Warren Buffett Stock Is Buying Back Its Shares Hand Over Fist, Why Clean Energy Fuels Stock Crashed This Week, Cumulative Growth of a $10,000 Investment in Stock Advisor, Copyright, Trademark and Patent Information. StubHub presents itself as a tech company. PC Connection, Inc. Ticker Symbol: PCCC. But, the current way resale markets operate doesnt build a sustainable relationship with consumers. In September 2005 they paid $2.6 billion for Skype, thinking perhaps that telephony had something to do with online auctions. They also allege that they do not receive the same benefits that an employee does. Because these shares get bought, sold, and traded on the stock market, you may also see a public company referred to as a publicly traded company. [61] Following Maloney's statement, on November 11, 2016, the company's shares dropped 5.93%. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Niche Pursuits is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. Its sort of like getting married. Shares that are publicly traded generally command higher prices than shares that are not publicly traded. [36], Grubhub went public in April 2014 at $26 per share. Also, I think the same risk factors related to future transferability of tickets would preclude any publicly-traded company from taking on such a substantial risk. Heres a small insight into what sorts of issues may lay beneath the surface: Recently I personally made two purchases on StubHub totaling just over $3,000. Calculated by Time-Weighted Return since 2002. Those two companies have continued to grow, despite facing competition from rising digital payments companies. AppLovin So, in preparation for being a standalone company, the first step StubHub took was to alienate a large portion of the suppliers providing them inventory. You want to go to that major sporting event, the theatre, or a live concert but you missed the boat when it came time to buy tickets. The search engine also returns interactive stadium, arena, and venue seatmaps that allow customers to choose their precise seats for events. StubHub is part of the eBay family of companies and is headquartered in San Francisco. Viagogo snaps up ticketing rival StubHub for US$4bn. Gross Merchandise Value (GMV): Definition, Formula, Pros and Cons, and Example, Ecommerce Defined: Types, History, and Examples, Cash in Advance: Definition, Benefits, Alternatives. StubHub is well-known for selling premium tickets to sporting events, theatre, and other artistic events. And, many of the old school hard stock tickets had ads printed on the back. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. WWE is committed to family-friendly entertainment on its television . Discounted offers are only available to new members. 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. ", "Grubhub's Free Lunch Was a Fucking Disaster", "Grubhub offered people free lunch but it turned into a disaster", "Commonwealth of Pennsylvania v. Grubhub Holdings, Inc. and Grubhub, Inc", "Grubhub says it'll be more transparent about how it marks up food prices at local restaurants", "AG Josh Shapiro Announces Grubhub to Provide New In-App Transparency Disclosures on its Prices", "Pennsylvania AG: Grubhub to provide new in-app price transparency", https://en.wikipedia.org/w/index.php?title=Grubhub&oldid=1135830565, This page was last edited on 27 January 2023, at 03:12. Five of the most valuable U.S. companies today are tech companies, and many consider Tesla, a maker of electric vehicles, to be a tech company as well. The stock can be purchased through any major . administered boundary ap human geography example; robert motherwell art for sale This can include actual physical tickets as well as e-tickets (provided that they are valid). Are there presales for season ticket holders, subscribers, preferred credit card holders, people with the correct band, venue, promoter, Spotify or Facebook password? Between them, they know where all the bodies are buried and may even own some of the shovels used in the process. StubHub is an online ticket marketplace where anyone can buy or sell any ticket to any event nationwide. That exposure could trigger litigation against any public acquirers board in the event restrictions upon transferability became the new standard, wiping out the value of the acquisition. Major League Baseball (MLB) and the National Football League (NFL) both allow their fans to sell tickets to events directly on the StubHub platform. Starting with supply and demand, heres the trend over the past two years: Prices are moving steadily higher, which traditionally reduces demand. They have the most to lose depending on who buys StubHub. StubHub sounds like the perfect acquisition: $5 billion in sales, $1 billion in gross revenue, on-trend with millennials, and in the very sexy space of delivering tickets for live experiences around the globe. It is free to list and search for tickets on StubHub. companies that donate swag bag items. As with all booms, the next trend is reversion to the mean. It may take you some time to track down someone within the customer service department who can actually help you. RankIQ Review: Is This AI SEO Toolset Worth Your Time and Money? The Dodgers who bundled all their excess tickets into a consolidation deal with Eventellect wound up unable to sell out their home games for the World Series. This duality has never truly been tested in court for good reasons. European Politicians Call For Investigation Of Ticketmaster, Live Nation Argues Taylor Swift Lawsuits Must Be Arbitrated, KISS Announce Final Shows on End of the Road Tour, Event Ticketing Resources For Secondary and Primary. Customers can choose to receive alerts that notify them if their favorite artist or team is playing in their city. DoorDash is looking to join competitors Uber and Grubhub as a publicly traded company . Ticket brokers vanish, since they cant earn any money. StubHub's FanProtect Guarantee. So far, I have never received a message offering me a discount or upgrade while at an event. "[59][60], After a Twitter boycott campaign was initiated, Maloney later claimed his words were "misconstrued", adding "I want to clarify that I did not ask for anyone to resign if they voted for Trump. I attended that FTC workshop and wrote the following articles about it: https://medium.com/@ericsfuller/the-room-where-it-happens-2c02801343ac, https://medium.com/@ericsfuller/the-room-where-it-happened-f8a273b45667, https://medium.com/@ericsfuller/the-ftcs-potemkin-ticketing-workshop-bd991831a750. Not all companies have stocks while all publicly traded companies have stocks, a privately held company may or may not have stock, depending on the type of private company. Call 1-866-788-2482 to speak to a customer service representative from StubHub. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. I think not. Create your account and get enhanced access to all the latest stories. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. These sites, similar in name to the actual sites for those restaurants, were built to increase GrubHubs revenue. This route has been pursued by several technology firms in recent times, including Roblox, Spotify and Slack. Advantages. They decide how to price the inventory, when to sell it, whether to impose restrictions on the tickets such as delayed delivery, non-transferability and floor or ceiling limits on the price of any ticket resold. Its so difficult to understand that both MIT economists and University of Chicago Booth school professors get it wrong. Read more: What is Regulation Fair Disclosure? How To Buy YouTube Stock? Primary markets move prices with impunity. Seamless spun-off as a separate company to Aramark's shareholders. RPX was founded in 2008 and has been publicly traded since 2011. On May 5, 1999, Urban One became a publicly traded company. Before becoming public, it is difficult to obtain large amounts of capital, other than through borrowing, to finance operations and new product offerings. [66][67][68][69] The lawsuit seeks triple damages, including for overcharges, since April 14, 2016, for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. November 1, 2018. Sometimes those ads were coupons, often for drinks or food. Fans buy from and sell tickets to one another. This compensation may impact how and where listings appear. For a preview of what lower demand looks like, study Major League Baseball. Overstock.com also offers an online auction service. Perhaps this is because Kijijis trust and safety infrastructure was immature relative to that of StubHub. Business Wire releases for publicly traded companies may be found by using the stock quote function then click "Press Releases" under "news". However, there are a few things you can do to keep problems to a minimum: For even more options to flip tickets check out our list of Stubhub Alternatives. They carry tickets for both concerts and sporting events, as well as performances from artists, theatre shows, and comedians. In 2019, the company was sued for charging restaurants fees for phone calls taking place on Grubhub-issued phone lines lasting over 45 secondswhether they resulted in orders or not. Instead, prudence returns in place of profligacy and once more cash is king. StubHub responded to the accusations, saying that their default is to offer 120 percent credit to their ticket marketplace to purchase new tickets to another event. According to the Grubhub contractor lawsuit, the company violated several FLSA and Illinois laws by failing to pay overtime and failing to pay minimum wage. It has been a publicly traded company since 2002. How To Invest In A Fast Food Giant. First, they offer a safe transaction where someone can buy a ticket and feel secure they will get into the show or get a refund in the event of an issue. StubHub ensures that your tickets are a hundred percent authentic. That's not to say StubHub competitors aren't chasing its tail: the company faces major competition from several other online ticket services. Rival Viagogo acquired StubHub from eBay for US$4 billion back in 2019, fulfilling chief executive Eric Bakers ambition of uniting the two companies that he founded under a single banner. Effective immediately, all tickets sold through Ticketmaster, Live Nation, or any of their affiliates are only transferable subject to specific terms. What is StubHub? A company's initial public offering of shares effectively converts the private equity holdings of business insiders and investors into publicly traded shares, which those insiders and investors can choose to sell on the open market. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In the U.S. its competitors include Uber Eats, DoorDash, Postmates, and EatStreet. This strategy, named Hopium by my friend Sam Sherman who founded Broker Genius, the industry leading ticket repricing software, led to Taylor Swift giving away tens of thousands of seats nightly on her Reputation tour to avoid embarrassment. [10] In March 2011 $20million in Series D funding raise was led by DAG Ventures. A higher deal score means you can expect a better value when purchasing.