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This means that if you sold tickets for more than $600, your ticket platform would send you a Form 1099-K and report that income to the IRS, even if you didn’t make a profit on your sales.
A ticket bot is a software program that automates the process of searching for and buying tickets to events on ticket vendor platforms, such as Ticketmaster. Using bots, a broker can automate the process of searching for and buying tickets so that it happens in a flash, and conduct hundreds or even thousands of transactions at the same time.
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).
After StubHub opened a beta site in the UK in December 2011, it launched the full site in the UK in March 2012, also announcing plans to open stores in London and near major venues for last-minute ticket sales. At the time, StubHub said that 35% of tickets sold on its site came from professional brokers, and the rest came from part-time sellers ...
Scammers also use social media platforms and online marketplaces like StubHub to list tickets that seem too good to be true (e.g. front row seats for a fraction of what they actually cost).
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 ...
Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. The platform charges a fee on tickets purchased and resold on the platform. The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians.
Still plotting to score those last-minute Taylor Swift tickets for the final U.S. The Eras Tour concerts at Lucas Oil Stadium in Indianapolis?. According to StubHub, the tour is the best-selling ...