Voyager Digital is a publicly traded company on Nasdaq using the ticker symbol "VYGVF." If you're looking to invest in the Mavericks, VYGVF is trading at $14.21 as of October 28, 2021. StubHub competes with the likes of Vivid Seats and SeatGeek, both of which have recently gone public as a result of special purpose acquisition company (SPAC) takeovers. Combined with viagogo, we now span 90+ countries around the world. The company is based in Chicago, Illinois. Compare that to when I went to Chipotle recently and bought a $7 sofritas salad. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Enjoying SportsPro content? How can you lose if you leverage low-cost capital into a high margin business? Best internet browser to use for StubHub. Buying and selling tickets on StubHub.ca. By 2003 the company had become profitable, and the pair sold StubHub to e-trading giant eBay in 2007 for a whopping $310 million. 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. View real-time stock prices and stock quotes for a full financial overview. [44], On May 12, 2020, Uber announced that it was approaching Grubhub with a takeover offer. Make sure you understand all of the rules of their return policy before you get on the phone with a representative. This platform claims to be the leading marketplace for their fans to buy and sell tickets on a user-friendly platform. Vivid has some of the best technology of all the resale markets. This route has been pursued by several technology firms in recent times, including Roblox, Spotify and Slack. [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. 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. WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. They decide how to price the inventory, when to sell it, whether to impose restrictions on the tickets such as delayed delivery, non-transferability and floor or ceiling limits on the price of any ticket resold. Primary markets move prices with impunity. No. Sorry we couldn't be helpful. We have accomplished this through a combination with Concord Acquisition Corp ("Concord") (NYSE: CND.U), a publicly traded special purpose acquisition company. Grubhub agreed to extend the refund window for restaurants that have been unwittingly charged for phantom orders. All customers have the option of receiving their tickets through either adigital e-ticket download, electronic transfer, physical shipping, or local pickup. [17], In December 2015, Grubhub acquired Delivered Dish, a restaurant delivery service in seven markets across the Pacific Northwest and Southwest, including Denver, Las Vegas, San Diego, Portland, El Paso, and Albuquerque. Rival Viagogo acquired StubHub from eBay for US$4 billion back in 2019, fulfilling chief executive Eric Bakers ambition of uniting the two companies that he founded under a single banner. Well-known international companies that are publicly owned include Petrobras (NYSE:PBR), the Brazilian state oil company, and the Industrial and Commercial Bank of China (OTC:IDCBY), which is controlled by the Chinese government. They immediately sent me an offer for free guacamole. You want to go to that major sporting event, the theatre, or a live concert but you missed the boat when it came time to buy tickets. The resulting vertically integrated structure managed our entire . OVG Oak View Group is run by former AEG President and CEO Tim Leiweke and former Ticketmaster CEO Irving Azoff. [20], In August 2017, Grubhub entered into an agreement to acquire Eat24 from Yelp for $287.5 million, subject to regulatory review. This also means that sellers can finish up a transaction in record time once the tickets have been transferred to their new owner. No big deal until I decided to return . [14] MenuPages was acquired by Seamless in September 2011. Maybe Im old fashioned in my thinking, but it occurs to me that every PDF ticket I saw had all sorts of ads printed on it. [54], In a 2017 lawsuit, attorney Shannon Liss-Riordan said that the company uses words such as blocks instead of shifts to re-label words and create a false narrative to justify its misclassification of drivers as contractors.[55]. 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. StubHub ensures that your tickets are a hundred percent authentic. Interested? The Dodgers who bundled all their excess tickets into a consolidation deal with Eventellect wound up unable to sell out their home games for the World Series. Vivid just bought the Canadian resale marketplace FanXchange. Under their FanProtect Guarantee, they offer a 100 percent guarantee that tickets will arrive before the event. 3. Although its biggest market by far is the United States, StubHub operates throughout the world. 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. Top publicly traded American companies by revenue. 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. [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. Stubhub is not related to Ticketmaster/live nation. Ticket Liquidator promises a 100% money-back guarantee if sellers fail to meet any of these promises. Staffing at StubHub had increased to 350 workers by the time of the sale. They are currently not a publicly traded company and do not have a stock symbol. If either Google or Facebook bought StubHub, it would disadvantage the other 50% of the ticket market which pays for search on these platforms. Amazon is the clear leader in e-commerce, and Alphabet and Facebook are the titans of digital advertising. 2013 Grubhub and Seamless merge. [11], Grubhub's portfolio of brands includes Seamless, AllMenus, MenuPages, LevelUp, and Tapingo. Four years later, they sold Skype for $1.9 billion. You would think that with both supply and prices increasing that demand would fall, and thats been the case recently, particularly with festivals. Four years later in June 2009, MySpace was dumped onto a group including Justin Timberlake for $35 million. StubHub presents itself as a tech company. Second, Ive bought tickets for approximately 50 live events annually for the past 40 years. The companies listed in the chart have a combined market capitalization of around $10 trillion. 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. Maloney on Q1 2016 Results - Earnings Call Transcript", "Grubhub Delivery Adds New Markets Nationwide", "Seen & Heard: Another GrubHub Seamless Scheme", "Here's the big stat GrubHub's new competitors covet", "Grubhub Launches New Subscription Program To Compete With Other Food Delivery Services", "Russia's Yandex driverless robots to deliver food at U.S. colleges with GrubHub", "Uber Approaches Grubhub With Takeover Offer", "WSJ News Exclusive | Uber Technologies Makes Takeover Approach to GrubHub", "Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion", "European food delivery firm to buy Chicago-based Grubhub in $7.3 billion deal", https://investors.grubhub.com/investors/press-releases/press-release-details/2021/Grubhub-Stockholders-Approve-Transaction-with-Just-Eat-Takeaway.com/default.aspx, "Takeaway.com shareholder repeats call to divest Grubhub", "Just Eat Says Grubhub Sale Still Possible as Shares Slide", "Amazon partners with Grubhub to offer Prime customers meal delivery perks", "That Annoying Grubhub Commercial Has Become One of the First Big Memes of 2021", "In Bellwether Gig Economy Case, Judge Rules Grubhub Driver Is Not an Employee", "They're Not Employees, Grubhub Tells a Judge", "GrubHub Contractor Lawsuit Filed Over Failure to Pay Proper Wages", "GrubHub extends refunds for fake fees amid pressure from Schumer", "Grubhub charging us even when our customers don't order: restaurant owners", "Matt Maloney, Grubhub CEO, tells pro-Trump employees they have 'no place' in company", "Grubhub faces backlash after CEO's anti-Trump email to employees", "Grubhub alienates Trump voters - time to sell? [31] In April 2006, SeamlessWeb was acquired by Aramark and integrated into its Food, Hospitalities, and Facilities segment. Once you do, it will be time well spent. 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. Have questions or want more information? . Now the original investors can readily sell their shares on the open market and get a return from the growth of the company since their original investment. Why wait to purchase tickets to the next hottest event happening in your area? Many people report that their customer service representatives dont seem to care if something goes awry during the ticket-buying process. The company is delisted from the . Weve already established that this site has some real benefits. Help us improve this article with your feedback. "When a publicly traded company becomes a privately-held company, the public company's shares are purchased at a premium by the investors buying the company. As a result, total MLB attendance is declining year over year. Is Beyonces Tour Another Dynamic Ticket Price Mess? U.S. public companies are required by the Securities and Exchange Commission (SEC) to comply with specific reporting requirements. 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? 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. Whats the consequence for StubHub if this becomes the global standard? is stubhub a publicly traded company? Jasper AI Review (Formerly Jarvis AI): Is It Still The Best AI Writing Assistant? Credit: Getty Images. The company, which was founded in 2003, offers tickets to concerts, shows, sporting events, and other popular activities. market. Ticket brokers vanish, since they cant earn any money. Here are some of its biggest competitors (or StubHub alternatives) in the ticket marketplace. July 20, 1969: Moon landing updates on Yankee Stadium scoreboard. That fact combined with the ongoing risk of owning a company completely dependent upon the continued transferability of tickets suggests that there is too much risk in buying StubHub for any amount in excess of the next years net earnings. New Jersey Congressmen Bill Pascrell and Frank Pallone and Connecticut Senator Richard Blumenthal want to impose regulations on how ticket prices display to consumers. Now, the New York Yankees have tickets on Groupon for as little as $3. Content Pit Review: Is it Possible to Find Fast, Inexpensive, and High Quality Content? A company becomes publicly traded by making an initial public offering (IPO) of shares in the company, which helps it to raise capital and gives both investors and the company a powerful way to create wealth. Here are 12 publicly traded robotics companies where humans work hand-in-hand with robots to tackle complex problems. The buyer inputs information about the event into the search engine, and it returns dozens of options for purchasing tickets. Demand for event tickets turns on several factors. StubHub is a safe and secure ticket marketplace. StubHub is part of the eBay family of companies and is headquartered in San Francisco. Today, we continue to offer you peace of mind with our exclusive FanProtect Guarantee, best-in-class customer service and product features that ensure we have your back. [12], In September 2011, Grubhub secured $50 million in Series E funding and acquired New Yorkbased competitor Dotmenu, the parent company of Allmenus and Campusfood. StubHub's FanProtect Guarantee. Original review: Feb. 4, 2023. Theres a false narrative that millennials will pay almost any amount to go to events. 2012 Grubhub debuts in-restaurant technology platform to streamline order taking. Traded on. Of course, StubHub is also used by venues, sports teams, and performers to sell tickets directly to their audience. [2], As of 2019, the company had 19.9 million active users and 115,000 associated restaurants across 3,200 cities and all 50 states in the United States. StubHub was founded in 2000 with the intention of making it simpler and safer for fans to buy and sell tickets to major sports and entertainment events. Theater level acts are arriving in arenas, and arena level acts are playing stadiums. Business Wire releases for publicly traded companies may be found by using the stock quote function then click "Press Releases" under "news". Top 3 tips for buying tickets safely on StubHub. In 2018, Cultivate Kind was acquired by RISE Life Science, a publicly traded Canadian company that builds premium wellness brands. Giant companies backed by unlimited cash are looking for ways to enter the market. PC Connection. If you have ever been in the market for tickets to a sold-out show, then you may have heard of StubHub. Founded in 2004, it is a subsidiary of the Dutch company Just Eat Takeaway since 2021. Sometimes those ads were coupons, often for drinks or food. [77][78] Restaurants were left facing angry customers, refunded orders, and inability to reach Grubhub's customer service. It will not only make ChargePoint public, but also should provide $493 million in net proceeds. Businesses of all sizes in America are facing an unprecedented crisis as a result of the COVID-19 pandemic. [8] In March 2009, Grubhub earned $2 million in Series B funding, led by Origin Ventures and Leo Capital,[9] which was followed by $11 million in Series C funding, led by Benchmark Capital in November 2010.
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