is stubhub a publicly traded company?
[18][19] LAbite, a Los Angelesbased restaurant delivery service, was acquired by Grubhub in May 2016. Ive also purchased another 100,000 tickets or so to resell over the past decade. Where to download the StubHub app. 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? [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. What is StubHub? [39][40][41], Grubhub's UK competitors are Deliveroo and UberEATS. StubHub Is For Sale: How Much Is The Marketplace Really Worth. This compensation may impact how and where listings appear. administered boundary ap human geography example; robert motherwell art for sale Live events are indisputably sexy. Major League Baseball (MLB) and the National Football League (NFL) both allow their fans to sell tickets to events directly on the StubHub platform. StubHub's acquisition by eBay was announced in January 2007 for a reported $310 million. By 2050, it hopes to remove all the carbon that the company has been responsible for since its founding in 1975. OVG Oak View Group is run by former AEG President and CEO Tim Leiweke and former Ticketmaster CEO Irving Azoff. But whether the going-public process occurs by IPO or SPAC, the outcome is the same. Vivid Seatsis currently estimated to be the third-largest resale ticket marketplace in North America after StubHub and Live Nation. The stock can be purchased through any major . The Stubhub (and similar other) platforms should be shut down; permanently. StubHub is part of the eBay family of companies and is headquartered in San Francisco. A publicly traded company, on the other hand, is a company that has sold all or a portion of itself to the public via an initial public offering (IPO), meaning shareholders have a claim to part of . [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. Many drivers allegedly work more than 40 hours a week but do not receive overtime rates for their work. 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. Online ticket platform StubHub is considering going public in a direct listing that would value the company at US$13 billion, according to Bloomberg. Interest rates are currently very low. David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. The amount of supply is affected by the size of the venue where the event will occur. The investor talks harken to eBay's tumultuous split from its former payments subsidiary PayPal. Categories . For those who are purchasing tickets that require a physical copy, you might want to reconsider shopping with StubHub. Second is the amount of their discretionary spending money, FOMO and Instagram inspired urgency to be where everyone else is going. Sometimes those ads were coupons, often for drinks or food. There are also plans to make the company's corporate base 100% zero-waste and to power all new buildings on renewable energy alone. Below is the press release issued by Rep. Pascrell: https://pascrell.house.gov/news/documentsingle.aspx?DocumentID=3931. However, YouTube is owned by Alphabet Inc. Also, I think the same risk factors related to future transferability of tickets would preclude any publicly-traded company from taking on such a substantial risk. SportsPro has contacted StubHub for comment. It is a great way to put your mind at ease before your first transaction on the ticket marketplace (and you may also be curious to see if Vivid Seats is legit). It has been a publicly traded company since 2002. Perhaps, like all things there is an easy answer and one which is more complicated. Not all companies have stocks while all publicly traded companies have stocks, a privately held company may or may not have stock, depending on the type of private company. Here are some of its biggest competitors (or StubHub alternatives) in the ticket marketplace. The company, which operates like a brokerage but gives agents a suite of digital tools to better market themselves, raised about $450 million through its IPO. [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. [15], DiningIn, an online ordering and food delivery company based in Brighton, Massachusetts, was acquired by Grubhub in February 2015. The fewer people who attend a game, the less urgency there is for others to go. The Company offers tickets for live sports, music, and theatre events. Customers can choose to receive alerts that notify them if their favorite artist or team is playing in their city. The other way to kill demand is to price every ticket to capture the highest possible price someone may have once paid. PC Connection, Inc. Ticker Symbol: PCCC. 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. Here are 12 . Known as FanProtect, buyers receive the following benefits: Sellers also receive some benefits from this FanProtect Guarantee. One of the advantages that public companies enjoy is the ability to raise funds through the sale of the company's stock to the public. Sorry we couldn't be helpful. The company promises that tickets are valid and authentic, delivered prior to the event, and are the same, equal to or better than what the customer ordered. Effective immediately, all tickets sold through Ticketmaster, Live Nation, or any of their affiliates are only transferable subject to specific terms. Not to mention, you may have to worry about whether the tickets will show up in time if the event is happening soon. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online marketplaces for tickets. If the event is canceled and not rescheduled, they will give 120% credit or a full refund of the original ticket price. 2012 Grubhub debuts in-restaurant technology platform to streamline order taking. Now, StubHub sells tickets which consumers bought but no longer want. By 2016, the company was delivering in more than 50 markets across the U.S.[38] In July 2018, Grubhub announced that it had expanded its delivery capabilities to 28 new cities in the US. OVG also owns Pollstar and holds the annual Pollstar Live and Production Live conferences in Beverly Hills. Amazon is the clear leader in e-commerce, and Alphabet and Facebook are the titans of digital advertising. Is StubHub legit? The company is based in Chicago, Illinois.. It uses that revenue to pay for operations and advertising, all in hopes of ending the year with a net profit. That total valuation would likely be much lower if these companies were not publicly traded since becoming a public company is one of the best ways for companies to obtain capital and for investors to build long-term wealth. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. 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. Because of how they are paid, the plaintiffs claim they may often get paid below federal or state minimum wage, even when they work long hours. On June 10, 2021, Just Eat Takeaway took operations of Grubhub as Grubhub stockholders approved Transaction with Just Eat Takeaway. View real-time stock prices and stock quotes for a full financial overview. Many events were canceled in light of changing health and safety requirements, but many customers found that they werent able to get their refunds. StubHub is a marketing company. StubHub is a safe and secure ticket marketplace. Amazon, Alibaba, or Pricelineall seem to be natural candidates for an acquisition of this size. 9 ChatGPT Success Stories to Highlight What You Can Do! 0 0 items. The companies listed in the chart have a combined market capitalization of around $10 trillion. Q: What is StubHub? [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]. The investigation by the attorney general's office also found that Grubhub would route web traffic from users to microsites that host arestaurants menu as well as third-party websites, such as Yelp or Menupages.com. Even eBay makes mistakes when trying to buy into the tech-driven future. All good things come to an end. Allowing a combination with that much market share seems unlikely to survive regulatory scrutiny or at minimum extensive litigation challenging their ability to complete the transaction. Live Nation could, if it wanted, end resale in North American secondary markets. eBay announced plans to spin off PayPal into a separate publicly traded company in late 2014 . StubHub canceled both deals within two hours of my purchase because the seller complained the price posted was an error. Top publicly traded American companies by revenue. 2020 StubHub is a resale ticket marketplace owned by eBay. According to the Better Business Bureau, StubHub has earned an A-, which is a really good score for a company of this size. Alphabet, who also owns Google, is a publicly-traded company. They have the discretion to allow or restrict resale of tickets and the ability to require tickets be sold only on specific markets or within particular price floors and ceilings. Some users report that it was a real hassle to receive their tickets in the mail. 2014 Grubhub goes public. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Will the resale market continue to exist in its present form? [3][4][5], The original Chicago-based Grubhub was founded in 2004 by Mike Evans and Matt Maloney to create an alternative to paper menus. Before you spend a dime on this platform, you need to know what it is going to cost you. . Buy StubHub when control of the ticket itself lies in the hands of a very tenacious competitor? Several sports franchises are publicly traded in some manner, or are part of a larger company listed on a stock exchange. By . [26] Tapingo, a San Franciscobased platform for campus food ordering was acquired by Grubhub in November 2018. Research prices before you buy. Here are the major risk factors facing anyone who might consider taking a run at buying StubHub: 1. [36], Grubhub went public in April 2014 at $26 per share. Ticket sellers have the upper hand when it comes to the pricing of their tickets for resale. Read on to learn more! It maintains a database of tickets for sale, lists of potential buyers, APIs, and a large body of consumer data history. A private company can sell its own, privately held shares to a few willing investors.