is stubhub a publicly traded company?

Buy StubHub when control of the ticket itself lies in the hands of a very tenacious competitor? Before you spend a dime on this platform, you need to know what it is going to cost you. StubHub is a safe and secure ticket marketplace. Unfortunately there is no Subway Stock Price. A shortlist would include regulators, primary and secondary ticket markets, brokers, teams, consolidators, consignors, venue owners, producers, managers and the typically clueless fans who often know little about what a ticket is truly worth. The company has been selling tickets for nearly two decades and claims to sell the largest selection of guaranteed tickets across the web. Discounts typically appear when prices collapse in the last hour or so before curtain time. 9 ChatGPT Success Stories to Highlight What You Can Do! Since StubHub canceled the transactions, I figured that I would see my funds returned within a week which is basically the standard time frame to receive a refund posted to a credit card from an online purchase. Second is the amount of their discretionary spending money, FOMO and Instagram inspired urgency to be where everyone else is going. The company, which operates like a brokerage but gives agents a suite of digital tools to better market themselves, raised about $450 million through its IPO. It maintains a database of tickets for sale, lists of potential buyers, APIs, and a large body of consumer data history. Grubhub has been criticized for antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. 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. [36], Grubhub went public in April 2014 at $26 per share. Stubhub serves customers worldwide. GMV or gross merchandise value is the total value of goods sold via customer-to-customer (C2C) or e-commerce platforms. 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. Q: What is StubHub? [24] The acquisition of LevelUp was for a reported $390 million cash. It's where consumers from around the world buy tickets to events. Companies Marketcap displays them for editorial purposes only. [54], In a 2017 lawsuit, attorney Shannon Liss-Riordan said that the company uses words such as blocks instead of shifts to re-label words and create a false narrative to justify its misclassification of drivers as contractors.[55]. This platform claims to be the leading marketplace for their fans to buy and sell tickets on a user-friendly platform. Ticket Liquidator promises a 100% money-back guarantee if sellers fail to meet any of these promises. [15], DiningIn, an online ordering and food delivery company based in Brighton, Massachusetts, was acquired by Grubhub in February 2015. After searching my location to purchase my tickets I made the purchase only to find that it was a post for a different state. StubHub spends a lot of money buying online advertising, including paid search and social media posts. Will the resale market continue to exist in its present form? Grubhub has been criticized for antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. Fans buy from and sell tickets to one another. Buy StubHub when the prevailing consumer trend is to wait until curtain time in hopes of getting a ticket for 50% of face value? StubHub doesn't offer live chat, but you can DM them on Facebook or Twitter to talk to someone online. administered boundary ap human geography example; robert motherwell art for sale StubHub did issue a full refund of both purchases. It also makes a difference whether the event is held once or on multiple nights in each location. Credit: Getty Images. We will take a much closer look at what StubHub is. StubHub is reportedly considering such a move through a direct listing, which would increase access to liquidity and speed up recovery . People leave their seats when the band plays a song they dont like or theres a pause in action on the field. It may take you some time to track down someone within the customer service department who can actually help you. In addition, not-for-profit corporations are structured not to have stocks. You should also know if you can rely on it to provide the tickets you purchase. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. [62][61], An August 2019 episode of the podcast Underunderstood reported that Yelp listings for some restaurants provide Grubhub "referral numbers" which, when called instead of the restaurant's phone number itself, facilitate the recording of the calls and can result in the restaurant being charged commission fees, even in some cases when resulting in no order. The company goes from being privately held to publicly traded. 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. 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. 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. 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. The fewer people who attend a game, the less urgency there is for others to go. StubHub competes with the likes of Vivid Seats and SeatGeek, both of which have recently gone public as a result of special purpose acquisition company (SPAC) takeovers. It will not only make ChargePoint public, but also should provide $493 million in net proceeds. Compare that to when I went to Chipotle recently and bought a $7 sofritas salad. The stock market has proven over its history to be one of the greatest vehicles of wealth generation ever. 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. Have questions or want more information? This compensation may impact how and where listings appear. They determine which specific seats are sold as Platinum or VIP. Then, they charge up to ten times that of the standard priced seat next to it. All tickets are delivered prior to the event, and if an event is permanently canceled, buyers receive a refund. In April 2022, Just Eat said that it would consider a full sale of Grubhub after Cat Rock Capital, an activist investor, pressed the company to focus on European markets. Public since 1998, PC Connection, through its subsidiaries, is a provider of computer hardware and software to businesses, governments, educational institutions, and consumers. Thats already happening on platforms in Europe. Known as FanProtect, buyers receive the following benefits: Sellers also receive some benefits from this FanProtect Guarantee. 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. How To Invest In A Fast Food Giant. Summary Definition. 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 . 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. [39][40][41], Grubhub's UK competitors are Deliveroo and UberEATS. If the holder of the ticket owns it, then they can sell it regardless of whether the artist, team or promoter approves. Management in publicly held companies is generally compensated at a higher level than management of private companies. If Vivid took control of StubHub, this combination would have nearly 2/3rd of the current North American resale market. Since most tickets are not refundable, this is a good way to unload some of those tickets and recoup the initial investment by reselling tickets. publicly-traded definition: a publicly-traded company is one whose shares can be bought and sold on a stock exchange: . Q: What are the benefits to selling Throughout 2020, Grubhub released a series of computer-animated television commercials of people ordering food on the app. what does a duck billed platypus eat. Baseball decided it didnt want ticket brokers buying season tickets so they mostly canceled those purchases. The company is based in Chicago, Illinois. [73], On May 17, 2022, Grubhub offered a promotional code offering free lunch for those ordering in New York City. They carry tickets for both concerts and sporting events, as well as performances from artists, theatre shows, and comedians. publicly traded company means an issuer (A) with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. If either Google or Facebook bought StubHub, it would disadvantage the other 50% of the ticket market which pays for search on these platforms. How can you lose if you leverage low-cost capital into a high margin business? StubHub is a safe and secure ticket marketplace. You dont have to worry about someone running a ticket-selling business out of their garage. As a result, Ticket Liquidator provides the following guarantees to its customers: Vivid Seats is another StubHub competitor that sells tickets to popular events. Cramer says it could sell for $10 billion. 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. 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 . Wallace and Bryant argue that drivers work on scheduled shifts, and must work in a certain area. Three days after the FTCs workshop in ticketing concluded, the BOSS ACT 2019 was introduced in Congress. That said, reportedly Facebook is developing a fan to fan ticket market application. Shareholders are able to diversify their investment portfolios, due to the increased marketability of their shares. Theater level acts are arriving in arenas, and arena level acts are playing stadiums. A U.S. Chamber of Commerce report found that 43% of small businesses . Many events were canceled in light of changing health and safety requirements, but many customers found that they werent able to get their refunds. "[60] By Thursday night, the hashtag #BoycottGrubHub was trending on Twitter. Enter ticker in quote search and select "News in the left navigation menu". Buyers face a 10 percent fee on the purchase price of the ticket. Undoubtedly, Hubbard will have to change the name of his company from Rival to Vanquished. Define Publicly Traded Companies: Publicly traded company means a corporation that sells its ownership shares on a stock exchange to the public at large. StubHub is well-known for selling premium tickets to sporting events, theatre, and other artistic events. In July 2005 nearly 14 years to the day before eBay put StubHub up for sale, Rupert Murdoch paid $580 million for MySpace. RPX was founded in 2008 and has been publicly traded since 2011. Learn more. However, this alone does not make a tech company. These sites, similar in name to the actual sites for those restaurants, were built to increase GrubHubs revenue. Vivid has some of the best technology of all the resale markets. And, any such purchase bears the same transferability risk already analyzed. StubHub is an online ticket marketplace where anyone can buy or sell any ticket to any event nationwide. Its business model is to spend more than $100 million annually on Google keywords, Facebook ads, and other social media presence to drive ticket sales. [10] In March 2011 $20million in Series D funding raise was led by DAG Ventures. Note that publicly traded companies are not publicly owned -- they are not owned or controlled by any government. Quite possibly its worth zero. The entire concept of face value pricing is gone, replaced with real-time price adjustments based upon fluctuations in supply and demand. See the largest publicly traded companies. Interested? David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning. In the U.S. its competitors include Uber Eats, DoorDash, Postmates, and EatStreet. The company brings together ticket buyers and sellers and allows them to transact business by using either the company's web site or mobile applications. [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. [66][67][68][69] The case is filed in the federal U.S. District Court, Southern District of New York as Davitashvili v GrubHub Inc., 20-cv-3000. 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. LYV | Complete Live Nation Entertainment Inc. stock news by MarketWatch. And, in both cases, its the outside forces beyond your control which will determine your destiny. 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. Vivid Seatsis currently estimated to be the third-largest resale ticket marketplace in North America after StubHub and Live Nation. Founded in 2004, it is a subsidiary of the Dutch company Just Eat Takeaway since 2021. In that case, the resale market is open to all comers and likely prices will edge down over time. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online marketplaces for tickets. Did you find it helpful? StubHub's acquisition by eBay was announced in January 2007 for a reported $310 million. Sellers have the option to sell any type of ticket to their customers on StubHub. They survive on legal loopholes which have never been closed. A higher deal score means you can expect a better value when purchasing. Index funds track a particular index and can be a good way to invest. . Also, unlike StubHub, Ticket Liquidator only accepts sellers who it carefully vets and considers qualified and trustworthy. If an event sells out and they are still holding premium tickets, then there is a good chance that they will try to sell those tickets for more than they paid for them.

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