12 Stories

Pandemic Made StubHub Buy the 'Worst Deal in History'

Co-founder bought company back just in time for business to collapse

(Newser) - People who balked at paying inflated ticket prices for concerts and sporting events before the pandemic might find some schadenfreude in Eric Baker's tale of woe. Noah Kirsch at Forbes takes a look at how Baker's triumphant acquisition of StubHub turned sour with dizzying speed. Baker co-founded the...

Ticket Holders May Not Be Getting Refunds

Customers furious over Ticketmaster, StubHub policies

(Newser) - You might not be getting a refund for tickets purchased for a live show this year. Amid the coronavirus pandemic, Digital Music News reports Ticketmaster has changed its policy so as to not offer refunds for events that are postponed or rescheduled—and there are thousands, from sporting events to...

Fans Pay Record-Busting Bucks for Game 7 of World Series

Pair of seats behind Cubs dugout went for $19.5K each

(Newser) - A World Series win Tuesday night by the Chicago Cubs against the Cleveland Indians has forced a Game 7—and apparently forced someone with a lot of disposable income to open up quite a bit of their wallet. Per MarketWatch , a pair of seats behind the Cubs dugout at Cleveland'...

Hackers Hit 1K StubHub Accounts, Bought Tickets

Online ticket reseller says it gave out refunds, arrests coming

(Newser) - Last year, StubHub officials noticed a slew of unauthorized transactions, quietly refunded affected customers, and brought in law-enforcement officials. Authorities are today expected to make arrests involving a huge cyberfraud ring in which thieves hacked into more than 1,000 StubHub accounts, reports the AP . The StubHub site itself wasn’...

Red Sox Ticket Prices Are 5-Figure Crazy

Fans shelling out for chance to see championship clinched

(Newser) - Boston hasn't clinched a World Series at home in nearly a century, and that's translating into a big payday for those willing to sell tickets to tonight's Game Six. Consider that someone paid $24,000 on StubHub for two front-row tickets near home plate, reports ESPN . But...

Scalpers Are Selling Sandy Concert Tickets for ... $60K?

They're trying to, anyway, and Chuck Schumer is livid

(Newser) - With names like Paul McCartney, Bruce Springsteen, the Rolling Stones , and Kanye West appearing in the upcoming "12-12-12 Concert for Sandy Relief," tickets cost anywhere from $150 to $2,500. Officially. Unofficially, however, online scalpers are asking as much as $60,000, raising an outcry against those looking...

Want a Yankees Ticket? Shell Out $1,000

Sky high prices at Yankee Stadium are record for resellers

(Newser) - The average fan might need a loan to snap up one of the thousands of tickets available for tonight’s Game 6 of the World Series at Yankee Stadium. The cheapest seats are going for $550 online, the Daily News reports, but the online average is above $1,000. Resale...

EBay Bans Inaugural Ticket Sales

Pressure from Congress over scalpers, counterfeit invitations

(Newser) - EBay and StubHub have removed offers for tickets to the inauguration of President-elect Barack Obama from their websites. Tickets to the inauguration, a free but invitation-only event, have been offered for as much as $7,500, reports the Los Angeles Times. Some 240,000 people will attend the event outside...

Ticketmaster Pays $265M for Online Scalper

Purchase signals major shift in resellers' business model

(Newser) - Fans who once turned to scalpers for last-minute seats can now hit up ... Ticketmaster? In a sure sign of the online ticket resale boom, the sports and entertainment behemoth will buy TicketsNow, the second-largest online ticket reseller, reports the Wall Street Journal. "Clients who five years ago were not...

Giants Fans Intercept the Green for Pats Historic Day

Playoff spot nailed, so NY fans cash in on tix

(Newser) - Thousands of New York ticket  holders are banking on the Giants losing next Saturday to the undefeated Patriots—or at least that's what they're telling New England fans who are snapping up unwanted tickets online for big bucks. With New York's playoff berth already secure and many starters likely to...

Patriots Get Names of Web Ticket Sellers

StubHub says move to curb scalpers violates customer privacy

(Newser) - A Mass state court has given the New England Patriots the names of people who bought and sold the team's tickets on the StubHub website. The team is suing the site, owned by eBay, because reselling tickets for profit is technically illegal (though the law is rarely enforced). StubHub and...

eBay Posts Big Growth but Net Loss Thanks to Skype

Skype write-down takes byte out of auction company

(Newser) - EBay reported strong growth in some sectors despite posting a $936 million net loss for the third quarter, reports the Wall Street Journal. Most of the loss is due to the company writing down internet calling company Skype by $1.39 billion after eBay found it difficult to make money...

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