is stubhub a publicly traded company?

A private company can sell its own, privately held shares to a few willing investors. See the largest publicly traded companies. Are the tickets tiered so better seats cost more or is it all general admission? Online ticket platform StubHub is considering going public in a direct listing that would value the company at US$13 billion, according to Bloomberg. [23], Certain assets were acquired from 11 franchisee-owned OrderUp markets in September 2018. 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? Understanding the price of any event has become a game of bluff poker. It took them nearly two months. [47] The acquisition would create the largest online food delivery service outside of China, and provide Just Eat Takeaway with a base in the U.S. Categories . 2014 Grubhub goes public. Almost every festival this year has sold below face value on the secondary markets. Live Nation stepped into the breach with people and technology to assist with the transition and to help meet ongoing Kroenkes ticketing needs. Ticketmaster then imposes a service charge when processing the transaction. Whats the consequence for StubHub if this becomes the global standard? This makes purchasing tickets on StubHub a more enjoyable experience for all. Shareholders are able to diversify their investment portfolios, due to the increased marketability of their shares. The other way to kill demand is to price every ticket to capture the highest possible price someone may have once paid. The more nuanced and complicated answer is that the ticket business is easy to get into and hard to make work. Three days after the FTCs workshop in ticketing concluded, the BOSS ACT 2019 was introduced in Congress. These companies are limited by shares and are represented by suffixing 'Ltd.'. Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. Gross Merchandise Value (GMV): Definition, Formula, Pros and Cons, and Example, Ecommerce Defined: Types, History, and Examples, Cash in Advance: Definition, Benefits, Alternatives. Invest better with The Motley Fool. 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. Learn more. You can also use StubHub to list tickets that you don't want for sale, and see if other users want to buy them. If you were thinking about reselling concert tickets on StubHub as a side hustle, you might want to rethink that idea. [74] Grubhub released a statement the same day stating they let restaurant workers know in advance, but the claim was immediately disputed by workers. 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. After searching my location to purchase my tickets I made the purchase only to find that it was a post for a different state. They have a unique program in place which is designed to protect buyers from receiving fraudulent tickets, but it also protects the sellers. StubHub is a safe and secure ticket marketplace. However, there is no upward limit on the exploding costs of paid search required to grow the business, the increasing losses from consumers fraudulently claiming tickets were invalid, and the unpredictable risks globally as regulators evaluate how to restrict resale profit seeking. 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. [27], In March 2019, Grubhub took over SkipTheDishes' operations in the United States after SkipTheDishes announced its exit from the U.S. This platform has been thriving for more than 20 years and they have sold millions of tickets to fans around the world. Its an all or nothing result. StubHub has operations across the globe. 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. These restrictions could be transferability, floor or ceiling price if resold, restrictive limits on which markets may resell the ticket and so forth. November 1, 2018. Seamless spun-off as a separate company to Aramark's shareholders. The combined company to be valued at $2.4 billion. Here are some of its biggest competitors (or StubHub alternatives) in the ticket marketplace. An estimated 20% of the publicly-traded company workforce is covered by collective bargaining agreements, compared to a private sector average of 6.4% for the U.S. in 2018 and 15.2% for Canada as of 2014. Orders are guaranteed to get you entry into an event (no fake tickets). Effective immediately, all tickets sold through Ticketmaster, Live Nation, or any of their affiliates are only transferable subject to specific terms. 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. StubHub is similar to websites such as TicketNetwork . Will the resale market continue to exist in its present form? WWE is committed to family-friendly entertainment on its television . How can you lose if you leverage low-cost capital into a high margin business? It uses that revenue to pay for operations and advertising, all in hopes of ending the year with a net profit. . StubHub responded to the accusations, saying that their default is to offer 120 percent credit to their ticket marketplace to purchase new tickets to another event. There are also plans to make the company's corporate base 100% zero-waste and to power all new buildings on renewable energy alone. Compare that to when I went to Chipotle recently and bought a $7 sofritas salad. Along with a company overview, we will look at their built-in safety for buyers and sellers. In July 2005 nearly 14 years to the day before eBay put StubHub up for sale, Rupert Murdoch paid $580 million for MySpace. 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. StubHub presents itself as a tech company. Stock Advisor list price is $199 per year. 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. Each option receives a proprietary deal score. companies: 3,568 total revenue (TTM): $21.073 T. . At the same time OVG continues to knit together its Arena Alliance, which presently has 26 venues working together. This longevity alone is proof of their legitimacy and an assurance that you would get the value for your money. 78o (d)). First, it would undoubtedly trigger litigation to define the third rail issue of whether a ticket to an event is the property of the holder or a license issued by the act or team subject to whatever restrictions they may choose to implement. They really hit you with the fees at checkout, though. Similarly, any tours with Live Nation as the promoter could impose transferability restrictions upon third parties who sell tickets where Live Nation does not control the venue. Q: What are the benefits to selling Company insiders -- generally board members, executives, and directors -- must publicly disclose all purchases and sales of the stock of the company. 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. DoorDash is looking to join competitors Uber and Grubhub as a publicly traded company . 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. Primary markets move prices with impunity. Prices can fluctuate, so make sure to do some price comparisons before you add a set of tickets to your shopping cart. [6] Two years later, in 2006, Maloney and Evans won first place in the University of Chicago Booth School of Business's Edward L. Kaplan New Venture Challenge with the business plan for Grubhub. Last, we will dive into the pros and cons of the marketplace to determine if this site is legit. [37], In June 2014, Grubhub began offering delivery for restaurants that did not operate their own delivery service. 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. The Federal Trade Commission just this year finished an extensive investigation, which included reviewing more than 6,400 public comments. They also allege that they do not receive the same benefits that an employee does. Use of this website signifies your agreement to our. [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. If you have ever been in the market for tickets to a sold-out show, then you may have heard of StubHub. It's where consumers from around the world buy tickets to events. 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. Every share available for purchase in the stock market is issued by a publicly traded company. That said, reportedly Facebook is developing a fan to fan ticket market application. Create your account and get enhanced access to all the latest stories. 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 . Johnson & Johnson is the healthcare conglomerate with business lines in medical devices, over-the-counter medicines, and pharmaceutical drugs, and its place on this list reflects that the healthcare sector represents a significant portion of the economy. If you have been wondering whether StubHub is legit, this review tells you all that you need to know. [20], In August 2017, Grubhub entered into an agreement to acquire Eat24 from Yelp for $287.5 million, subject to regulatory review. Here's the breakdown: Waste Management (U.S. & Canada) - Approx. Industrial and Consumer Robotics Companies The use of AI -enabled robotics is burgeoning in the industrial and consumer sectors, especially the former , where it's used to do everything from quickly ship packages to explore . July 20, 1969: Moon landing updates on Yankee Stadium scoreboard. Too many people are trying to add just one more fee to the cost of a ticket because of their false impression that no price is too high for a live experience. Prices are poised to fall as bands and teams notice the unfilled seats and figure out that a sold out show is better for their brand than bragging rights about how much they collected per ticket. The resulting vertically integrated structure managed our entire . We have accomplished this through a combination with Concord Acquisition Corp ("Concord") (NYSE: CND.U), a publicly traded special purpose acquisition company. eBay announced plans to spin off PayPal into a separate publicly traded company in late 2014 . The restaurants themselves must review and audit call logs within the refund window in order to identify and dispute fees erroneously charged to them by Grubhub's algorithm. No. They are a trusted household name when it comes to buying and selling tickets to just about any type of event. Combined with viagogo, we now span 90+ countries around the world. [42], In February 2020, the company announced the launch of its new Grubhub+ monthly subscription program, which offers free, unlimited food delivery from partner restaurants for monthly fee. YouTube alone is not a publicly-traded company. It has been a publicly traded company since 2002. Advantages. 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. Rival has been backed by great VCs like Andreessen Horowitz. Control of distribution is held by the primary ticket issuers, teams, leagues and producers. Contact Make sure you understand all of the rules of their return policy before you get on the phone with a representative. StubHub is a marketing company. AppLovin 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. [73], On May 17, 2022, Grubhub offered a promotional code offering free lunch for those ordering in New York City. Razorgator was founded in 2001 and offers tickets to concerts, sporting events, theater productions, and more. Contact [emailprotected], Last Updated on August 15, 2019 by Olivia Perreault. StubHub Is For Sale: How Much Is The Marketplace Really Worth. Vivid just bought the Canadian resale marketplace FanXchange. No big deal until I decided to return . 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. Want to learn step-by-step how I built my Niche Site Empire up to a full-time income? A link has been emailed to you - check your inbox. 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. 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. Staffing at StubHub had increased to 350 workers by the time of the sale. I would never make such a demand. The unified StubHub Holdings has benefited from a quicker than anticipated return to live events and Bloomberg says StubHub has filed the necessary paperwork for a direct listing with the US Securities and Exchange Commission (SEC) and could launch the direct listing later this year. Later, prices move back for those seats which didnt sell. You would think that with both supply and prices increasing that demand would fall, and thats been the case recently, particularly with festivals. AEG and OVGare both more viable contenders. Ability to raise funds by selling stock. How 7 Niche Site Owners Are Using Link Whisper To Grow Their Sites. Amazon is the clear leader in e-commerce, and Alphabet and Facebook are the titans of digital advertising. Thats not only unacceptable, its indicative of a breakdown in their internal processes which may signal to an attentive buyer that their other internal policies and procedures are equally immature. The total food and retail sales in the US topped $5.7 trillion, and one retailer, HEB grocery, made $31.2 billion. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Supply of tickets comes from rights holders the bands, teams or theatrical productions whose tickets are for sale. Interest rates are currently very low. In 2015 JT reportedly sold all his shares to a fan for one dollar. Known as FanProtect, buyers receive the following benefits: Sellers also receive some benefits from this FanProtect Guarantee. Will the buyer of StubHub replicate the history of MySpace or Skype? [26] Tapingo, a San Franciscobased platform for campus food ordering was acquired by Grubhub in November 2018. In 2018, Cultivate Kind was acquired by RISE Life Science, a publicly traded Canadian company that builds premium wellness brands. Fans buy from and sell tickets to one another. [21] In October 2017, Grubhub announced that had it completed its acquisition of Eat24. The stocks of a private company are owned and traded by only a few private investors. In addition to defensive buying, the company advises clients on patent acquisition, provides market research and even litigation . 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. "The drivers as a general matter cannot engage in personal non-work activities during their GrubHub shifts," the complaint states, meaning that they essentially function as employees. Founded in 2004, it is a subsidiary of the Dutch company Just Eat Takeaway since 2021. Live Nation could, if it wanted, end resale in North American secondary markets. Shares that are publicly traded generally command higher prices than shares that are not publicly traded. It may take you some time to track down someone within the customer service department who can actually help you. When the next recession comes, and believe me it will, money for luxury goods like tickets becomes more scarce. While StubHub is legit, many users find that their customer service department leaves a lot to be desired. [22] In late 2018 Grubhub shut down the Eat24 brand. PayPal is an electronic commerce company that facilitates payments between parties through online funds transfers. Twitter has officially become a publicly traded company. Perhaps this is because Kijijis trust and safety infrastructure was immature relative to that of StubHub. Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. Also, I think the same risk factors related to future transferability of tickets would preclude any publicly-traded company from . StubHub promises sellers on-time payments according to their terms and conditions. They are a privately owned company with a lot of franchises. We will take a much closer look at what StubHub is. My opinion is that a drink or food special texted to a specific fan during a concert or sporting event is not transformative. Before StubHub, the only alternatives when tickets were sold out were the local broker or the guy on the street outside the venue. Five of the most valuable U.S. companies today are tech companies, and many consider Tesla, a maker of electric vehicles, to be a tech company as well. a is stubhub a publicly traded company? The search engine also returns interactive stadium, arena, and venue seatmaps that allow customers to choose their precise seats for events. 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. Business Wire releases for publicly traded companies may be found by using the stock quote function then click "Press Releases" under "news". A higher deal score means you can expect a better value when purchasing. Demand for event tickets turns on several factors. The 2007-founded company, initially known as . Amazon, Alibaba, or Pricelineall seem to be natural candidates for an acquisition of this size. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Of course, StubHub is also used by venues, sports teams, and performers to sell tickets directly to their audience. Credit: Getty Images. The stock can be purchased through any major . However, following up on this can be a challenge. . Ticketmaster UKs resale site banner says:Resale tickets are sold by fans at the price they paid (face value + fees), or less. This field is for validation purposes and should be left unchanged. . LYV | Complete Live Nation Entertainment Inc. stock news by MarketWatch. Declining demand is an ever-tightening spiral. Public since 1998, PC Connection, through its subsidiaries, is a provider of computer hardware and software to businesses, governments, educational institutions, and consumers. The search engine has the advantage of aggregating results from multiple vendors and allows the customer to compare prices. Buying and selling tickets on StubHub.ca. SeatGeek offers customers the use of itswebsite andmobile application. Ultimately, the resale market for tickets depends on Live Nations willingness to allow its existence. When prices get too low, inventory sells, thereby clearing the market and causing prices to rise until supply and demand reach equilibrium. Spend time searching for tickets and best prices, Order only tickets that offer mobile delivery, Keep records of your purchase in case the venue cancels the event and does not reschedule, How to Scale and Outsource 90% of the Work, Allowing Your Empire to. Before StubHub, the only alternatives when tickets were sold out were the local About StubHub. According to CNN Money, 2007 was a very successful year for the company, handling five million individual transactions, more than in the previous six years combined of its history. 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. That's not to say StubHub competitors aren't chasing its tail: the company faces major competition from several other online ticket services. In addition, like Ticket Liquidator and Razorgator, Vivid Seats makes a customer service pledge to its buying customers. They all have reasons to enter the ticketing business. [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. 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. Grubhub's system and local restaurants were immediately overwhelmed after fielding nearly 6,000 orders per minute. Bonds are often considered a "safe" investment, but are they right for you? true blood shreveport locations; carmel high school basketball is stubhub a publicly traded company? 2020 Fifteen years later his new company Viagogo paid $4 billion to buy it backjust weeks before coronavirus utterly destroyed the business. Fortunately, there are plenty of sites like StubHub on the internet, making connections between ticket buyers and sellers. Curiously though, Kijiji eBays Craigslist like venture in Canada just suspended sales of tickets through its platform because of concerns over their ability to safely transfer digital tickets. The value of publicly traded companies is skyrocketing, rising 13% or nearly $5 trillion just this year alone, says Wilshire Associates. Instead, the company involved sells existing shares to potential investors who are then not constrained by minimum periods before they can offload stock. For those who are purchasing tickets that require a physical copy, you might want to reconsider shopping with StubHub. 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.