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From 2014-2015, StubHub used All-In Pricing, where advertised prices included mandatory fees. However, testing showed that hidden fees led to higher ticket purchases, prompting the adoption of ...
StubHub is being sued for alleged deceptive fees and unfair pricing by Washington D.C.'s Attorney General.
Since StubHub adopted this pricing model in 2015, the company has sold almost 5 million tickets to Washington, DC, consumers alone, generating $118 million in “hidden” fee revenue, according ...
Fees vary widely and can total more than 40% of the advertised ticket price, the lawsuit alleges. StubHub, which is based in New York, is one of the world’s largest resale platforms for tickets to sports, concerts, and other live events. Sally Greenberg, CEO of the nonprofit advocacy group National Consumers League, applauded the lawsuit.
That makes it “nearly impossible” for buyers to know the true cost of a ticket and compare to find the best price, he said. Fees vary widely and can total more than 40% of the advertised ticket price, the lawsuit alleges. StubHub is one of the world’s largest resale platforms for tickets to sports, concerts, and other live events.
In late 2019, StubHub disclosed having sold $4.75 billion in tickets in 2018 with $1.1 billion in annual fees, and sold tickets in 44 countries, particularly the United States. [58] On November 25, 2019, the competing service Viagogo —which was founded by Baker and has a major presence in Europe—announced that it would acquire StubHub for ...
Ticket resale is common in both sporting and musical events . 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 ...
Ticket exchange. A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for.
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