is stubhub a publicly traded company?

On May 5, 1999, Urban One became a publicly traded company. It may simply be bad business to try and use StubHub as an entry point to a new business because of the impact that may have on their present advertising revenue in the space. Before StubHub, the only alternatives when tickets were sold out were the local broker or the guy on the street outside the venue. Use the stock quote function; news will display under "Recent Bulletins" section. And since the March 9, 2009, low, investors have made $37 . 78o (d)). [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. Companies can also become publicly traded by being acquired by, or merging with, a special purpose acquisition company (SPAC), which is a shell business structure established for the specific purpose of taking a promising company public. 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. Beyond these items, you need to know the pros and cons of buying or selling your tickets with StubHub before you invest your money in the platform. Answer (1 of 9): No. Live Nation stepped into the breach with people and technology to assist with the transition and to help meet ongoing Kroenkes ticketing needs. Company insiders -- generally board members, executives, and directors -- must publicly disclose all purchases and sales of the stock of the company. All tickets are legitimate and valid for entry. "[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. Grubhub drivers are allegedly required to pay some of their expenses. It took them nearly two months. Surfer SEO Review: Is It the Best All-In-One On Page SEO Solution? StubHub also is making direct deals to purchase tickets which they sell exclusively on their platform. 78l); or (B) that is required to file reports under section 15 (d) of the Securities Exchange Act of 1934 (15 U.S.C. The search engine has the advantage of aggregating results from multiple vendors and allows the customer to compare prices. LIVE UPDATES: Twitter Goes Public. Dynamic pricing changes the prices of tickets from the moment an event opens for sale until once the event begins. [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. Here are some of its biggest competitors (or StubHub alternatives) in the ticket marketplace. Micron Technology (MU) IBM (IBM) Google (GOOG) John Deere (DE) Salesforce (CRM) Splunk (SPLK) From factory robotics to customer service chatbots, machines armed with complex algorithms processing massive amounts of data are helping companies in nearly every industry achieve explosive growth. StubHub spends a lot of money buying online advertising, including paid search and social media posts. David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. 0 0 items. ", "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. Known as FanProtect, buyers receive the following benefits: Sellers also receive some benefits from this FanProtect Guarantee. In addition to defensive buying, the company advises clients on patent acquisition, provides market research and even litigation . That's not to say StubHub competitors aren't chasing its tail: the company faces major competition from several other online ticket services. true blood shreveport locations; carmel high school basketball Instead, prudence returns in place of profligacy and once more cash is king. About StubHub. Second, Ive bought tickets for approximately 50 live events annually for the past 40 years. She uses her passion for words to share what she has learned with the world. For example, you can sell them via Facebook Marketplace or through friends and family. They all have reasons to enter the ticketing business. As a result, Ticket Liquidator provides the following guarantees to its customers: Vivid Seats is another StubHub competitor that sells tickets to popular events. Second is the amount of their discretionary spending money, FOMO and Instagram inspired urgency to be where everyone else is going. SportsPro has contacted StubHub for comment. You can also use StubHub to list tickets that you don't want for sale, and see if other users want to buy them. Major League Baseball (MLB) and the National Football League (NFL) both allow their fans to sell tickets to events directly on the StubHub platform. Because of StubHub and other resale markets, consumers who didnt know they would be in New York when Billy Joel was playing the Garden or that their new romantic interest really wanted to see Lady Gaga play in Las Vegas now have a reliable way to get those tickets. 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. A direct listing differs from a conventional initial public offering (IPO) in that the former does not involve the creation of new shares. Why wait to purchase tickets to the next hottest event happening in your area? 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. All tickets are the same, equal to or better than what the buyer requests. A private company can sell its own, privately held shares to a few willing investors. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online marketplaces for tickets. [44], On May 12, 2020, Uber announced that it was approaching Grubhub with a takeover offer. Company Overview. And, many of the old school hard stock tickets had ads printed on the back. Stubhub serves customers worldwide. [33], In September 2011, Seamless acquired MenuPages,[34] and in February 2012, Seamless released an iPad app. Public since 1998, PC Connection, through its subsidiaries, is a provider of computer hardware and software to businesses, governments, educational institutions, and consumers. Q: What are the benefits to selling 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. Customers are protected by guarantees of validity and the company is an official partner of several major sports organisations around the world. Marks 5 years as a publicly traded company on the New York Stock Exchange. Many drivers allegedly work more than 40 hours a week but do not receive overtime rates for their work. The third-party delivery service reported $1.9 billion in revenue so far this year, but is still losing money. [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. This can include actual physical tickets as well as e-tickets (provided that they are valid). Volume on StubHubs platform drops 95% or more. 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. 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. By 2050, it hopes to remove all the carbon that the company has been responsible for since its founding in 1975. Its sort of like getting married. The company brings together ticket buyers and sellers and allows them to transact business by using either the . That means Mom and Pop can't own their slice of the internet", "Facing fury over 'fake websites,' Grubhub says restaurants have it wrong", "Restaurants Are Desperate But You May Not Be Helping When You Use Delivery Apps", "DoorDash, Uber Eats, Grubhub and Postmates make restaurant meals cost more: lawsuit - Four firms' rise has 'come at great cost to American society,' suit claims", "Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic", "GrubHub, Doordash Accused in Suit of Pushing Prices Higher", Grubhub Hit With Lawsuit for Listing Restaurants Without Permission, "It's now illegal for delivery apps to list restaurants without their permission", "Grubhub Offered New York 'Free Lunch.' If want to own a piece of YouTube, you can purchase Alphabet stock. View real-time stock prices and stock quotes for a full financial overview. 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. 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. We already see the limited transferability arguments being established by lobbyists and corporate public relations teams. What is StubHub? The Federal Trade Commission just this year finished an extensive investigation, which included reviewing more than 6,400 public comments. Businesses of all sizes in America are facing an unprecedented crisis as a result of the COVID-19 pandemic. As a result, TV viewers around the globe saw blocks of empty seats at Dodger stadium. Prices can fluctuate, so make sure to do some price comparisons before you add a set of tickets to your shopping cart. They have a unique program in place which is designed to protect buyers from receiving fraudulent tickets, but it also protects the sellers. Three days after the FTCs workshop in ticketing concluded, the BOSS ACT 2019 was introduced in Congress. Before any transaction is complete on StubHub, they authorize the buyers credit card. Overstock.com also offers an online auction service. publicly-traded meaning: a publicly-traded company is one whose shares can be bought and sold on a stock exchange: . 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. It's the same thing. [11], Grubhub's portfolio of brands includes Seamless, AllMenus, MenuPages, LevelUp, and Tapingo. 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. StubHub is a safe and secure ticket marketplace. Sellers have the option to sell any type of ticket to their customers on StubHub. Orders are guaranteed to get you entry into an event (no fake tickets). 2. is stubhub a publicly traded company? They're in 100 countries all over the world. WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. Grubhub's system and local restaurants were immediately overwhelmed after fielding nearly 6,000 orders per minute. The Wallace v. Grubhub Holdings contractor lawsuit alleges that Carmen Wallace and Broderick Bryant and other drivers were misclassified as independent contractors and Grubhub defied wage-and-hour requirements under the Fair Labor Standards Act, the Illinois Minimum Wage Law, and the California Labor Code. Google and Facebookhave a different potential reason for looking at StubHub. Yes Supply of tickets comes from rights holders the bands, teams or theatrical productions whose tickets are for sale. You should also know if you can rely on it to provide the tickets you purchase. Read more: What is Regulation Fair Disclosure?

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