D.C. Passes Historic RESALE Act: Capping Ticket Resale at 10% Above Face Value
The new law targets StubHub, SeatGeek, Vivid Seats and speculative scalping to protect fans.
The new law targets StubHub, SeatGeek, Vivid Seats and speculative scalping to protect fans.
US jury says Live Nation/Ticketmaster broke antitrust laws by controlling concerts. Fans paid more; judge will decide penalties.
FTC sued StubHub for hiding extra fees until checkout, making tickets look cheaper than they are. New rules require full prices upfront.
StubHub posts $535M Q4 loss and misses forecasts as revenue falls to $449M. Shares drop after weak outlook despite AI strategy.
UK government announces plans to outlaw reselling concert and sports tickets above original price, targeting touts who inflate costs by up to 490%.
StubHub launched its IPO at $23.50, valuing the ticket platform at $8.6 billion and raising $800 million. Co-founder Eric Baker's years-long goal was achieved as "STUB" shares hit NYSE, joining a busy IPO market after multiple delays.