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Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates.
Scammers also use social media platforms and online marketplaces like StubHub to list tickets that seem too good to be true (e.g. front row seats for a fraction of what they actually cost).
CashorTrade. CashorTrade is a fan-to-fan face-value ticket-reselling market created in 2009 by brothers Brando and Dusty Rich based in Burlington, Vermont. [ 1 ] As of November 2017 [update], the platform had users from 20 countries and had processed over half a million transactions. [ 2 ] The platform offers an optional gold membership which ...
Revenue. $1.5 billion. Number of employees. 500 (2018) [3] Website. www.vividseats.com. Vivid Seats Inc. (stylized as vıvıdseats) is an American ticket exchange and resale company. [4] The company went public on October 19, 2021, after a merger earlier in that year with Horizon Acquisition Corporation, a SPAC.
October 3, 2024 at 11:07 PM. Ticketmaster customers said they’re being scammed out of their tickets. The customers claim after they buy event tickets, their tickets mysteriously get transferred ...
That stack includes not just Ticketmaster, which sells tickets to fans, but also other parts of the value chain, including the concert promoters who work with artists to put on shows and even many ...
StubHub was founded in March 2000 as a class project [ 7 ] by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. [ 8 ] One of its first major sports deals was with the Seattle Mariners in 2001. [ 9 ] In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later ...
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