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Did you sell any concert or event tickets on an online resale site such as StubHub or Ticketmaster in 2023? Many Americans did -- StubHub reports that 83% of ticket sellers for U.S. concerts on ...
StubHub used to advertise the “all-in” cost of a ticket about a decade ago, but changed after finding that people are more likely to buy tickets at higher prices with the “drip pricing ...
Stubhub ‘lures consumers in by advertising a deceptively low price,’ says DC Attorney General DC sues ticket reseller StubHub for ‘deceptive pricing’ that cost residents $118m in hidden ...
The high resale prices for certain tickets have attracted criticism for being prohibitive to average concert-goers, such as the 2009 Super Bowl tickets that averaged $2,500 when resold on the platform. [70] The company promised to refund the price of any ticket that fails to reach a buyer by FedEx, and sometimes sends staff to replace bad ...
Scalpers would purchase tickets in bulk from the promoter hoping that the tickets would sell out causing an increase in demand for tickets and thus an increase in the ticket price. This caused event promoters to put restrictions on the number of tickets that can be purchased in one transaction, which has greatly reduced unfair ticket pricing.
In some instances, the report found, ticket prices on the secondary market were 1000% or higher above face value. This created a strong incentive for unscrupulous resellers to use bots to quickly buy as many tickets as possible to profit from the strong demand for a comparatively small number of tickets.
Since employing this method, StubHub has apparently sold 4.9 million tickets … StubHub Sued for Illegally Boosting Profits With Deceptive Pricing and Junk Fees in Washington, D.C. Skip to main ...
Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller.