a is stubhub a publicly traded company? They could mimic the Ticketmaster model and build a ticketing company in part by leveraging their relationships with venues they own or control. StubHub is a resale ticket marketplace owned by eBay. All customers have the option of receiving their tickets through either adigital e-ticket download, electronic transfer, physical shipping, or local pickup. 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. Marks 5 years as a publicly traded company on the New York Stock Exchange. 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. By: Eric Fuller StubHub is for sale. Big home-buying companies like Opendoor lightly renovate and resell properties for profit. Jasper AI Review (Formerly Jarvis AI): Is It Still The Best AI Writing Assistant? 10 insights from public waste company 10-Ks | Waste Dive The Company offers tickets for live sports, music, and theatre events. Live Nation stepped into the breach with people and technology to assist with the transition and to help meet ongoing Kroenkes ticketing needs. I believe Live Nation will wind up with control of ticketing at the Kroenke venues both in Colorado and at the Los Angeles Rams new stadium. Known as FanProtect, buyers receive the following benefits: Sellers also receive some benefits from this FanProtect Guarantee. Online ticket platform StubHub is considering going public in a direct listing that would value the company at US$13 billion, according to Bloomberg. 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. Fans buy from and sell tickets to one another. [23], Certain assets were acquired from 11 franchisee-owned OrderUp markets in September 2018. The seven-year-old social network started offering shares on the New York Stock Exchange at 10:50 a.m. on Thursday, in the most anticipated tech IPO since Facebook's in May 2012. We have accomplished this through a combination with Concord Acquisition Corp ("Concord") (NYSE: CND.U), a publicly traded special purpose acquisition company. Yes, StubHub is legit. Instead, prudence returns in place of profligacy and once more cash is king. Interested? [37], In June 2014, Grubhub began offering delivery for restaurants that did not operate their own delivery service. For over 20 years, StubHub has been the leading marketplace for fans to buy and sell tickets. Savvy investors made millions buying grocery store stocks at rock bottom prices in March. [20], In August 2017, Grubhub entered into an agreement to acquire Eat24 from Yelp for $287.5 million, subject to regulatory review. Note that publicly traded companies are not publicly owned -- they are not owned or controlled by any government. StubHub was founded in 2000 with the intention . The companies listed in the chart have a combined market capitalization of around $10 trillion. 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. "Issuer" has the meaning given that term in section 3 of the . They really hit you with the fees at checkout, though. Businesses of all sizes in America are facing an unprecedented crisis as a result of the COVID-19 pandemic. is stubhub a publicly traded company? - ambetol.in This longevity alone is proof of their legitimacy and an assurance that you would get the value for your money. The combined company to be valued at $2.4 billion. Many events were canceled in light of changing health and safety requirements, but many customers found that they werent able to get their refunds. The sale was completed on June 15, 2021. Fans buy from and sell tickets to one another. Top 835 StubHub Reviews - ConsumerAffairs StubHub doesn't offer live chat, but you can DM them on Facebook or Twitter to talk to someone online. Private Equityfirms looking for yield may also be looking at StubHub as an arbitrage play between the StubHubs potential revenue and the interest cost of funding the acquisition. 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. Many drivers allegedly work more than 40 hours a week but do not receive overtime rates for their work. It may not be your first choice, but you will have to be patient with the platform as they are navigating the many challenges that the pandemic has brought about for the industries they work in. Twitter IPO: Twitter Goes Public | TIME.com You dont have to worry about someone running a ticket-selling business out of their garage. Is Beyonces Tour Another Dynamic Ticket Price Mess? Big Home-Flipping Companies Are Basically As Flawed As Ticket Scalpers Vivid just bought the Canadian resale marketplace FanXchange. 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. According to the Better Business Bureau, StubHub has earned an A-, which is a really good score for a company of this size.. You don't have to worry about someone running a ticket-selling business out of their garage. Publicly Traded Companies are listed on a stock market that permits the general public to trade their shares. Two quick notes: first, 50 years ago on the day of the Apollo 11 moon landing, fans going to Yankee Stadium received a giveaway which was full-sized wooden baseball bats. Its framed this way: we need to know who is in each seat for the safety and security of all. The company is based in Chicago, Illinois.. Start buying and selling tickets today on StubHub with the peace of mind that comes from knowing you are buying valid tickets. The value of publicly traded companies is skyrocketing, rising 13% or nearly $5 trillion just this year alone, says Wilshire Associates. LIVE UPDATES: Twitter Goes Public. You can even buy Super Bowl tickets through StubHub. Rival has been backed by great VCs like Andreessen Horowitz. The third-party delivery service reported $1.9 billion in revenue so far this year, but is still losing money. Company Name Stock Ticker Symbol Market Type; Ticketmaster Entertainment (MM) TKTM: NASDAQ: Common Stock Price Change Change Percent Stock Price Last Traded . Ultimately, the resale market for tickets depends on Live Nations willingness to allow its existence. [61] Following Maloney's statement, on November 11, 2016, the company's shares dropped 5.93%. Top 3 tips for buying tickets safely on StubHub. When prices get too high, supply moves into the market, and prices fall. In addition, like Ticket Liquidator and Razorgator, Vivid Seats makes a customer service pledge to its buying customers. [71], In October 2020, a group of restaurants launched a class-action suit against Grubhub for having included them in its listings without having asked permission (or, in some cases, despite permission having been denied), because this caused "damage to (the restaurants') reputations, loss of control over their customers dining experiences, loss of control over their online presence, and reduced consumer demand for their services"; plaintiffs specifically cited that Grubhub would list obsolete menus with invalid prices and/or unavailable options (leading to customer complaints) and that Grubhub refused to delist restaurants upon request. Heres a good one: people stop spending money carelessly during a recession. This, they say, is in order to preserve a more secure environment. Go to the venue's online box office (if they have one) and see if there are still comparable tickets available, and . WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. They have the discretion to allow or restrict resale of tickets and the ability to require tickets be sold only on specific markets or within particular price floors and ceilings. 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. Top publicly traded American companies by revenue - CompaniesMarketCap.com [11], Grubhub's portfolio of brands includes Seamless, AllMenus, MenuPages, LevelUp, and Tapingo. [35], In May 2013, Grubhub and Seamless announced that they were merging, with Seamless representing 58% of the equity and GrubHub representing 42% of the equity of the combined business; the merger was finalized in early August 2013. Market-beating stocks from our award-winning analyst team. Well-known international companies that are publicly owned include Petrobras (NYSE:PBR), the Brazilian state oil company, and the Industrial and Commercial Bank of China (OTC:IDCBY), which is controlled by the Chinese government. If the holder of the ticket owns it, then they can sell it regardless of whether the artist, team or promoter approves. Making the world smarter, happier, and richer. 0 0 items. DoorDash Files to Become Publicly Traded Like Uber and Grubhub - Eater Customer service all the way to your seat, 2000-2022 StubHub. 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 Publicly Traded AI Companies You Should Know | Built In That said, reportedly Facebook is developing a fan to fan ticket market application. 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. How much demand is there for the event? A publicly traded company, on the other hand, is a company that has sold all or a portion of itself to the public via an initial public offering (IPO), meaning shareholders have a claim to part of . It took them nearly two months. Theater level acts are arriving in arenas, and arena level acts are playing stadiums. is stubhub a publicly traded company? Allowing a combination with that much market share seems unlikely to survive regulatory scrutiny or at minimum extensive litigation challenging their ability to complete the transaction. 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. The company is based in Chicago, Illinois. When you buy something through one of the links on our site, we may earn an affiliate commission. You can't haggle for a lower ticket price on StubHub, but you can search around to see how fair a ticket price is before you buy the ticket. 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. [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. StubHub presents itself as a tech company. Grubhub Seamless went public in April 2014 and was traded on the New York Stock Exchange (NYSE) under the ticker symbol "GRUB". Bank of America is an advertising partner of The Ascent, a Motley Fool company. Pros and Cons: Going Public - FindLaw Company Overview. You should also know if you can rely on it to provide the tickets you purchase.

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