4 ms·

They did, StubHub (not the only offender) buys bulk tickets, doubles the rates for you, and still adds service fees. Ticketmaster is practically a saint next t

by sosuke 11y ago

They did, StubHub (not the only offender) buys bulk tickets, doubles the rates for you, and still adds service fees. Ticketmaster is practically a saint next to them in my eyes.

chongli 11y ago
This just tells me that the original venues were not charging enough for tickets. If the tickets were priced ideally then StubHub would not be able to do this; the margins would be too low for the amount of risk involved.
- slg 11y ago
  Most business don't maximize short term revenue in that way. Compare it to any new tech gadget, especially ones with hard supply limitations like the limitations that exist for live events (thus preventing a true market meeting point of supply and demand). I'm sure Apple could sell a lot of iPhones at $1500 until supply stabilizes, reduce the price $200, then rinse and repeat. That might reduce the secondary market and be the ideal pricing strategy, but it would be a bad business decision especially from a public relations standpoint. Just like there will always be people waiting in line at Apple stores on day 1 to grab a device and throw in on eBay, there will always be ticket brokers doing the same.
ceejayoz 11y ago
> Ticketmaster is practically a saint next to them in my eyes. Ticketmaster owns a Stubhub competitor. https://en.wikipedia.org/wiki/TicketsNow https://en.wikipedia.org/wiki/TicketsNow
JoblessWonder 11y ago
Do you have proof of StubHub actually doing that? I buy/sell a lot on the secondary ticket market and don't think StubHub is purchasing tickets themselves (except to cover a gurantee.) Now individual/corporate ticket brokers are for sure buying up bulk tickets and putting them on the secondary market through StubHub... but StubHub doesn't have anything to do with that besides being the platform utilized.

4 ms·

They did, StubHub (not the only offender) buys bulk tickets, doubles the rates for you, and still adds service fees. Ticketmaster is practically a saint next t

by sosuke 11y ago

They did, StubHub (not the only offender) buys bulk tickets, doubles the rates for you, and still adds service fees. Ticketmaster is practically a saint next to them in my eyes.

chongli 11y ago
This just tells me that the original venues were not charging enough for tickets. If the tickets were priced ideally then StubHub would not be able to do this; the margins would be too low for the amount of risk involved.
- slg 11y ago
  Most business don't maximize short term revenue in that way. Compare it to any new tech gadget, especially ones with hard supply limitations like the limitations that exist for live events (thus preventing a true market meeting point of supply and demand). I'm sure Apple could sell a lot of iPhones at $1500 until supply stabilizes, reduce the price $200, then rinse and repeat. That might reduce the secondary market and be the ideal pricing strategy, but it would be a bad business decision especially from a public relations standpoint. Just like there will always be people waiting in line at Apple stores on day 1 to grab a device and throw in on eBay, there will always be ticket brokers doing the same.
ceejayoz 11y ago
> Ticketmaster is practically a saint next to them in my eyes. Ticketmaster owns a Stubhub competitor. https://en.wikipedia.org/wiki/TicketsNow https://en.wikipedia.org/wiki/TicketsNow
JoblessWonder 11y ago
Do you have proof of StubHub actually doing that? I buy/sell a lot on the secondary ticket market and don't think StubHub is purchasing tickets themselves (except to cover a gurantee.) Now individual/corporate ticket brokers are for sure buying up bulk tickets and putting them on the secondary market through StubHub... but StubHub doesn't have anything to do with that besides being the platform utilized.