is stubhub a publicly traded company?

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. 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. When prices get too high, supply moves into the market, and prices fall. ", "GrubHub Inc. Common Stock (GRUB) Real-Time Stock Quote - NASDAQ.com", "GrubHub is buying up thousands of restaurant web addresses. America's most unusual public companies - USA TODAY Any potential buyer also has to consider the political implications of acquiring StubHub. AEG Anshutz Entertainment Group owns the AXS primary ticketing platform, along with teams and arenas around the world. [25], LevelUp, a Boston-based diner engagement and payment solutions platform was acquired by Grubhub in September 2018. There are those for whom tickets are an emotional purchase divorced from the economic reality of cost. StubHub is a safe and secure ticket marketplace. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. Ticketmaster then imposes a service charge when processing the transaction. Vivid just bought the Canadian resale marketplace FanXchange. Use of this website signifies your agreement to our. eBay's ticket subsidiary StubHub sells to viagogo for $4.05 billion what does a duck billed platypus eat. PC Connection, Inc. Ticker Symbol: PCCC. SeatGeek offers customers the use of itswebsite andmobile application. StubHub works within the regulatory framework of the countries where it operates. RPX was founded in 2008 and has been publicly traded since 2011. Will the resale market continue to exist in its present form? It uses that revenue to pay for operations and advertising, all in hopes of ending the year with a net profit. The company also makes sure that your tickets arrive on time. Is StubHub legit? Do they have fees? Here's everything to know Several sports franchises are publicly traded in some manner, or are part of a larger company listed on a stock exchange. StubHub ensures that your tickets are a hundred percent authentic. market. View real-time stock prices and stock quotes for a full financial overview. Resale markets like StubHub provide three essential services for consumers. About us : StubHub If the holder of the ticket owns it, then they can sell it regardless of whether the artist, team or promoter approves. 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. Grubhub disputed the allegations, insisting that restaurants had explicitly agreed in their contracts with Grubhub to allow web domain purchases and the creation of websites advertising their businesses. 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. The investor talks harken to eBay's tumultuous split from its former payments subsidiary PayPal. Whats the consequence for StubHub if this becomes the global standard? 12 Publicly Traded AI Companies You Should Know | Built In The companies listed in the chart have a combined market capitalization of around $10 trillion. By 2016, the company was delivering in more than 50 markets across the U.S.[38] In July 2018, Grubhub announced that it had expanded its delivery capabilities to 28 new cities in the US. 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. Create your account and get enhanced access to all the latest stories. is stubhub a publicly traded company? - skleplivioon.pl As with all booms, the next trend is reversion to the mean. 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. Overstock.com also offers an online auction service. A private company can sell its own, privately held shares to a few willing investors. administered boundary ap human geography example; robert motherwell art for sale Buy StubHub at the peak of the market, when shows are under pressure to sell out at the primary market level, when the economy is poised to slow, when ticket buyers are souring on the experience of paying too much or fighting through waiting rooms, presales and code safaris? Why wait to purchase tickets to the next hottest event happening in your area? Published by at July 3, 2022. Amazon is the clear leader in e-commerce, and Alphabet and Facebook are the titans of digital advertising. is stubhub a publicly traded company? - xarxacatala.cat Four years later in June 2009, MySpace was dumped onto a group including Justin Timberlake for $35 million. Ticketmaster UKs resale site banner says:Resale tickets are sold by fans at the price they paid (face value + fees), or less. Invest better with The Motley Fool. Fans buy from and sell tickets to one another. Public ownership of companies, while rare in the U.S., is common elsewhere. Even eBay makes mistakes when trying to buy into the tech-driven future. Gross Merchandise Value (GMV): Definition, Formula, Pros and Cons, and Example, Ecommerce Defined: Types, History, and Examples, Cash in Advance: Definition, Benefits, Alternatives. This field is for validation purposes and should be left unchanged. And, many of the old school hard stock tickets had ads printed on the back. Buyers face a 10 percent fee on the purchase price of the ticket. YouTube alone is not a publicly-traded company. In February 2018, US Magistrate Judge Jacqueline Scott Corley found that Grubhub correctly classified plaintiff Raef Lawson as an independent contractor and rejected his misclassification claim in the Lawson vs. Grubhub court case. publicly traded firms that quickly buy and sell . StubHub is a resale ticket marketplace owned by eBay. The plaintiffs filed their class-action Grubhub contractor lawsuit on June 29, 2018, in the U.S. District Court for the Northern District of Illinois.[56]. 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. This platform claims to be the leading marketplace for their fans to buy and sell tickets on a user-friendly platform. beechcraft duke vs baron; It has more than 2.4 million active users. Understanding the price of any event has become a game of bluff poker. Heres a good one: people stop spending money carelessly during a recession. [13] Grubhub completed the acquisition of AllMenus that month. 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. However, following up on this can be a challenge. OVG Oak View Group is run by former AEG President and CEO Tim Leiweke and former Ticketmaster CEO Irving Azoff. Stubhub serves customers worldwide. The company is based in Chicago, Illinois.. 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. Thats why festivals are losing ground, tours are failing to sell out in otherwise dependable venues and more than 1/3 of all tickets for sale on secondary markets are selling below face value. Grubhub's system and local restaurants were immediately overwhelmed after fielding nearly 6,000 orders per minute. Circle To Become a Public Company American Brands That Might Not Survive the Coronavirus Although StubHub is making some smaller direct purchase deals and has licensed vendor relationships with certain sports teams, it has almost no control over either the supply or distribution of the tickets it sells. Savvy investors made millions buying grocery store stocks at rock bottom prices in March. What is StubHub? : StubHub If a company is publicly traded, then its shares can be bought and sold in the stock market. 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 used to charge 10% to the seller, now its 15%. Control of supply is in the hands of the professional ticket speculators and promoters who use StubHubs marketing power to arbitrage supply and demand. Is Stubhub owned by Ticketmaster/LiveNation? - Quora Online ticket platform StubHub is considering going public in a direct listing that would value the company at US$13 billion, according to Bloomberg. It maintains a database of tickets for sale, lists of potential buyers, APIs, and a large body of consumer data history. 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. They all have reasons to enter the ticketing business. Second is the amount of their discretionary spending money, FOMO and Instagram inspired urgency to be where everyone else is going. As a result, Ticket Liquidator provides the following guarantees to its customers: Vivid Seats is another StubHub competitor that sells tickets to popular events. OVG is super competitive, and is currently building venues around the world. It maintains a database of tickets for sale, lists of potential buyers, APIs, and a large body of consumer data history. It seems like a longshot for them to be able to convince regulators to go along with them on this one. Staffing at StubHub had increased to 350 workers by the time of the sale. It also promises that tickets are the same, equal to or better than what the customer ordered. How To Buy YouTube Stock? Twitter IPO: Twitter Goes Public | TIME.com A public company must have a board of directors to oversee the company's management team, approve compensation packages, and ensure compliance with applicable accounting standards. Quite possibly its worth zero. [44], On May 12, 2020, Uber announced that it was approaching Grubhub with a takeover offer. [24] GrubHub completed its acquisition of OrderUp in October 2018. It has been a publicly traded company since 2002. Later, prices move back for those seats which didnt sell. Purchasing from StubHub means "Tickets will be 100% . Almost every festival this year has sold below face value on the secondary markets. Grant Suneson. Start buying and selling tickets today on StubHub with the peace of mind that comes from knowing you are buying valid tickets. Buyers will want to make sure to shop around to find out if the seller hiked up the price of the tickets. [45][46] However, on June 9, 2020, Just Eat Takeaway announced it would be purchasing Grubhub for $7.3 billion in an all-stock deal. PayPal is an electronic commerce company that facilitates payments between parties through online funds transfers. [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. [63], In June 2019, reports came out alleging that Grubhub had registered more than 23,000 web domains in restaurants' names without their consent, in what was cast as "an attempt to generate greater commission revenue and prevent restaurants from building their online presences." Surfer SEO Review: Is It the Best All-In-One On Page SEO Solution? Ultimately, the resale market for tickets depends on Live Nations willingness to allow its existence. Publicly Traded Companies- What Are They & Examples - WallStreetMojo When you buy something through one of the links on our site, we may earn an affiliate commission. Guest CommentaryIndustry Compare that to when I went to Chipotle recently and bought a $7 sofritas salad. Many people report that their customer service representatives dont seem to care if something goes awry during the ticket-buying process. Enter ticker in quote search and select "News in the left navigation menu". 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. StubHub has operations across the globe. 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. It took them nearly two months. Grubhub has been criticized for antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. WWE is committed to family-friendly entertainment on its television . Do All Companies Have Stock? (Are All Public Companies Listed?) No Subway is not a publicly traded company. They are trusted by a number of major companies including: StubHub has been around for quite some time, ensuring that you wont get ripped off by some newcomer that doesnt get your tickets to you on time. [32], Jonathan Zabusky was named president of Seamless in 2009, and by June 2011, Seamless was re-privatized, as Boston-based Spectrum Equity Associates invested $50 million for a minority stake in the company from Aramark. Top publicly traded American companies by revenue - CompaniesMarketCap.com This gives them the scale to block out other potential competition. Also, theFederal Trade Commissionmade clear in their recent Ticket Workshop just how much they disfavor companies advertising misleading web addresses (known as white label sites) which appear to be the actual box office when they are in fact controlled by others. In 2015 JT reportedly sold all his shares to a fan for one dollar. Is StubHub legit, though? However, they do make a guarantee that you will receive valid and quality tickets to the event of your choosing. No big deal until I decided to return . DoorDash Files to Become Publicly Traded Like Uber and Grubhub - Eater Tickets are always available for nearly any event, their price fluctuating in real-time based upon supply and demand. By: Eric Fuller StubHub is for sale. 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. It's the same thing. 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. Some users report that it was a real hassle to receive their tickets in the mail. WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. Marks 5 years as a publicly traded company on the New York Stock Exchange. 1 Grubhub order in America in 2019here's what won in every state", "GrubHub's CEO On The Shock Of Outgrowing Three Offices In A Few Short Years", "Grubhub.com Wins the University of Chicago New Venture Challenge", "GrubHub Secures $1.1 Million in Series A Funding From Top Venture Firms", "Food Delivery Service GrubHub Secures $2 Million In Series B Funding", "Exclusive: Food Delivery Search Engine GrubHub Raises $20 Million", "GrubHub Raises Another $50 Million, Acquires Dotmenu", "GrubHub Secures $50 Million and is Acquiring Campusfood and Allmenus", "Seamless Acquires Menupages in Race for Restaurants", "GrubHub acquires Brighton online restaurant delivery service DiningIn", "UPDATE 2-GrubHub goes direct to diners after acquisitions", "GrubHub acquires Delivered Dish of Portland, Ore", "Grubhub to Buy Yelp's Eat24 for $287.5 Million", "Grubhub Completes Acquisition of LevelUp", "Grubhub acquires OrderUp, expands into Stilllwater market", "Grubhub acquires payments and loyalty company LevelUp for $390M", "Grubhub Completes Acquisition of Tapingo", "Winnipeg-based delivery company Skip the Dishes backing out of U.S. market", "Here's how delivery services like Grubhub, Postmates, and Uber Eats are adapting to the coronavirus restrictions and safety precautions", "Just Eat Takeaway to Acquire Grubhub for $7.3 Billion", "Ordering Takeout Online: A Dot-Com Idea Returns for a Second Try", "Aramark Corp. has acquired SeamlessWeb Professional Solutions, Inc", "ARAMARK Sells Stake In Online Food Ordering Service SeamlessWeb For $50M", "Seamless brings super simple food ordering to the iPad", "GrubHub (GRUB) Matthew M. 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