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The seller probably never had tickets in the first place, which is why they had to cancel the order, since they would have taken a huge loss trying to flip tick
by donretag 11y ago
The seller probably never had tickets in the first place, which is why they had to cancel the order, since they would have taken a huge loss trying to flip tickets.
It happens all the time with big events: tickets will appear on StubHub before they even go on sale to the general public. Speculators will gauge interests using StubHub for tickets they do not even own. If they make a StubHub purchase, they have time to find a cheaper ticker to cover the transaction.
- QuotedForTruth 11y agoHow can they do this for events that have specific seats. Its not a general admission event. They sold this guy certain seats.
- donretag 11y agoGreat point, my mistake. Ultimately, StubHub policies that condone speculative selling (not releasing tickets at purchase time), allowed the seller to renege on the agreement.