is stubhub a publicly traded company? is stubhub a publicly traded company?

Cramer says it could sell for $10 billion. Why does StubHub charge such an expensive service fee per ticket, and [30] North American headquarters would remain in Chicago with Grubhub founder, Matt Maloney, joining the board of directors and heading North American operations.[48]. Discounts typically appear when prices collapse in the last hour or so before curtain time. PC Connection, Inc. Ticker Symbol: PCCC. [50][51], In July 2022, Amazon struck a deal with Just Eat to offer Prime customers free Grubhub+ membership for a year. StubHub did issue a full refund of both purchases. It's where consumers from around the world buy tickets to events. They really hit you with the fees at checkout, though. A great deal of transactional volume and income can be added for a relatively negligible amount of debt service expense. Learn more. StubHub presents itself as a tech company. Define Publicly Traded Companies: Publicly traded company means a corporation that sells its ownership shares on a stock exchange to the public at large. Volume on StubHubs platform drops 95% or more. This is as long as you dont mind the potential for spotty customer service. As a result, TV viewers around the globe saw blocks of empty seats at Dodger stadium. These tickets are sometimes sold for more than face value, sometimes for less. [18][19] LAbite, a Los Angelesbased restaurant delivery service, was acquired by Grubhub in May 2016. Company insiders -- generally board members, executives, and directors -- must publicly disclose all purchases and sales of the stock of the company. If you're just getting started investing, these basics can help guide you. Ticketmaster Entertainment (MM) Share Price - TKTM | ADVFN Founded in 2004, it is a subsidiary of the Dutch company Just Eat Takeaway since 2021. In the U.S. its competitors include Uber Eats, DoorDash, Postmates, and EatStreet. 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. Not to mention, you may have to worry about whether the tickets will show up in time if the event is happening soon. Ability to raise funds by selling stock. But, thats a whole other story. All tickets are delivered prior to the event, and if an event is permanently canceled, buyers receive a refund. These Are The Tech Companies That Went Public In 2021, A Record Year Traded on. 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. Top 5 Publicly Traded Black Owned Businesses. - Medium It also makes a difference whether the event is held once or on multiple nights in each location. Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. Are the tickets tiered so better seats cost more or is it all general admission? [12], In September 2011, Grubhub secured $50 million in Series E funding and acquired New Yorkbased competitor Dotmenu, the parent company of Allmenus and Campusfood. Management in publicly held companies is generally compensated at a higher level than management of private companies. 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. The buyer inputs information about the event into the search engine, and it returns dozens of options for purchasing tickets. 2020 About StubHub. Interest rates are currently very low. It is free to list and search for tickets on StubHub. . StubHub is reportedly considering such a move through a direct listing, which would increase access to liquidity and speed up recovery . The search engine has the advantage of aggregating results from multiple vendors and allows the customer to compare prices. a is stubhub a publicly traded company? OpenSea is the largest non-fungible token (NFT) marketplace, offering the ability to buy, sell, create, and trade. Eric Baker was fired from StubHub in 2005. SportsPro has contacted StubHub for comment. Between them, they know where all the bodies are buried and may even own some of the shovels used in the process. Sorry we couldn't be helpful. In addition to defensive buying, the company advises clients on patent acquisition, provides market research and even litigation . Transfer restrictions could be this simple: tickets will not be transferable if there is any compensation paid for those tickets to the seller beyond the face value plus fees of the tickets. However, following up on this can be a challenge. 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. Investopedia does not include all offers available in the marketplace. StubHub Is For Sale: How Much Is The Marketplace Really Worth. is stubhub a publicly traded company? - skleplivioon.pl [30], In 1999, New York lawyer Jason Finger founded SeamlessWeb to provide companies with a web-based system for ordering food from restaurants and caterers. Is StubHub Legit, Safe, and Reliable? + 3 Safety Tips for StubHub They could mimic the Ticketmaster model and build a ticketing company in part by leveraging their relationships with venues they own or control. About us. . Live Nation could, if it wanted, end resale in North American secondary markets. 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. StubHub was founded in 2000 with the intention of making it simpler and safer for fans to buy and sell tickets to major sports and entertainment events. Is StubHub Legit? What You Need to Know Before Buying Tickets 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. Private vs. Public Company: What's the Difference? - Investopedia As a result, total MLB attendance is declining year over year. 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. 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. Call 1-866-788-2482 to speak to a customer service representative from StubHub. Did you find it helpful? [29], On June 9, 2020, Netherlands based Just Eat Takeaway announced an agreement to buy Grubhub for $7.3 billion in stock. If you are searching for tickets to a sold-out event, then you may want to consider hopping on StubHub to see if they have any premium tickets left for that event. Below is the press release issued by Rep. Pascrell: https://pascrell.house.gov/news/documentsingle.aspx?DocumentID=3931. 21,000 to be exact. Fans buy from and sell tickets to one another. Research prices before you buy. When prices get too low, inventory sells, thereby clearing the market and causing prices to rise until supply and demand reach equilibrium. StubHub presents itself as a tech company. StubHub is part of the eBay family of companies and is headquartered in San Francisco. StubHub - Wikipedia While you can make some decent money this way, there are other avenues you can use to scalp unwanted or extra tickets that are lower in fees. publicly traded company Definition: 583 Samples | Law Insider This duality has never truly been tested in court for good reasons. Use of this website signifies your agreement to our. [76], In November 2022, Pennsylvania Attorney General Josh Shapiro sued Grubhub claiming that the service failed to properly disclose that prices for food ordered through GrubHub could be higher than the same item ordered at a restaurant. Here are 12 . However, they do make a guarantee that you will receive valid and quality tickets to the event of your choosing. The report adds that JPMorgan Chase and Goldman Sachs are advising StubHub on the listing and that the company could make its move later in 2022. Vivid Seats also offers a 100% money-back guarantee if it fails to meet these promises and offersa dedicated, in-house customer service team to its buyers and sellers. Rachel Andersson - Brand Marketing & Messaging - LinkedIn It doesnt really matter what the offer is if the performance is more compelling. Primary markets move prices with impunity. For buyers, receiving the tickets as soon as possible can give them peace of mind when it comes to knowing that they have the tickets in hand. Read more: What is Regulation Fair Disclosure? So, why wouldnt anyone with access to cash, bank loans or private equity salivate over the opportunity to lead the worlds biggest secondary ticket market into the future? StubHub operates one of the world's largest online ticket reselling marketplaces. While StubHub is legit, many users find that their customer service department leaves a lot to be desired. Publicly Traded Companies are listed on a stock market that permits the general public to trade their shares. Before StubHub, the only alternatives when tickets were sold out were the local Big Home-Flipping Companies Are Basically As Flawed As Ticket Scalpers Deloitte employs 182,000 people in over 150 countries, and member firms serve more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, and . It is also to be able to interact with specific seat holders and sell them future event tickets or send them coupons for the nearest bar or concession stand. Answer (1 of 6): Not fair to consumers and actually the platform is a criminal violation of 'intents' behind scalping laws. 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. All Rights Reserved. Though Ticketmaster is known mostly as a platform to buy new and verified tickets to events from sports games to concerts and more, in recent years Ticketmaster has taken advantage of its userbase that needs to resell tickets to create Fan-to-Fan Resale. They're in 100 countries all over the world. Prices can fluctuate, so make sure to do some price comparisons before you add a set of tickets to your shopping cart. They invite the general public to subscribe to the company's shares and become shareholders. There are also plans to make the company's corporate base 100% zero-waste and to power all new buildings on renewable energy alone. A buyer could impact Live Nations own resale markets around the world or could use the consumer base that StubHub has to begin competing in the primary ticketing market. [70][66][67][68][69] Although a number of preliminary documents in the case have now been filed, a trial date has not yet been set. Later, prices move back for those seats which didnt sell. [28], By mid-2020, in the middle of the coronavirus pandemic where demand for services delivering food from restaurants and takeaways surged, Grubhub announced it was keeping its drivers safe by offering contact-free delivery as well as the option to order pickup for anyone who felt more comfortable getting the food themselves. If the holder of the ticket owns it, then they can sell it regardless of whether the artist, team or promoter approves. StubHub's FanProtect Guarantee. Teams, artists, and venues partnered with StubHub. After searching my location to purchase my tickets I made the purchase only to find that it was a post for a different state. Portal Banner. Dynamic pricing changes the prices of tickets from the moment an event opens for sale until once the event begins. All of these companies continue to grow rapidly, especially for enterprises of their large sizes, and they generate attractive profit margins, which are emblematic of the strong competitive advantages they enjoy. Now that you know StubHub is legit, you might still be wondering what kind of guarantees are offered when it comes to buying and selling tickets. For example, you can sell them via Facebook Marketplace or through friends and family. Primary Menu. [66][67][68][69] The plaintiffs state that this arrangement increases the cost for dine-in customers, as they are required to subsidize the cost of delivery; and that the apps charge exorbitant fees, which range from 13% to 40% of revenue, while the average restaurant's profit ranges from 3% to 9% of revenue. It may take you some time to track down someone within the customer service department who can actually help you. Big home-buying companies like Opendoor lightly renovate and resell properties for profit. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. [20], In August 2017, Grubhub entered into an agreement to acquire Eat24 from Yelp for $287.5 million, subject to regulatory review. The search engine also returns interactive stadium, arena, and venue seatmaps that allow customers to choose their precise seats for events. Also, I think the same risk factors related to future transferability of tickets would preclude any publicly-traded company from . And, in both cases, its the outside forces beyond your control which will determine your destiny. Some users report that it was a real hassle to receive their tickets in the mail. Starting with supply and demand, heres the trend over the past two years: Prices are moving steadily higher, which traditionally reduces demand. The publicly traded company eventually ended up crediting the missing funds against later earnings. Unlike StubHub, which operates as a broker, Ticket Liquidator connects its users directly with sellers to negotiate transactions. There are so many opposing forces acting on prices, supply, and distribution. And, last is the supply of available tickets relative to the demand. StubHub promises sellers on-time payments according to their terms and conditions. Throughout 2020, Grubhub released a series of computer-animated television commercials of people ordering food on the app. 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. Our List of Publicly-Traded Ecommerce Companies Understanding the price of any event has become a game of bluff poker. The Better Business Bureau notes that a review was conducted of the company in June 2020, shortly after the pandemic began. Ticket brokers vanish, since they cant earn any money. People leave their seats when the band plays a song they dont like or theres a pause in action on the field. They also state that: Due to exceptional circumstances the music and sports industry are currently facing, some refunds may take a little longer than normal to process. 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? We often have issues when people purchase tickets from stubhub rather than from live nation/ticketmaster because we can't fix the problem or refund the guest ourselves. The internet has become the most important force in modern business and has created winner-take-most businesses in various segments of the tech industry. StubHub is for sale. - Medium Grubhub - Wikipedia Now that they are also combined with another company (Viagogo), StubHub offers their services in a whopping 90 countries. Alphabet, who also owns Google, is a publicly-traded company. Guest CommentaryIndustry Its the collective cathartic experience of a crowd. It isnt rocket surgery. Create your account and get enhanced access to all the latest stories. Amazon is the clear leader in e-commerce, and Alphabet and Facebook are the titans of digital advertising. Is Beyonces Tour Another Dynamic Ticket Price Mess? It maintains a database of tickets for sale, lists of potential buyers, APIs, and a large body of consumer data history. [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. Unfortunately there is no Subway Stock Price.