Thursday, January 11, 2007
StubHub Acquired By eBay, Ticket Prices To Only Get Higher
StubHub, a ticket resale facilitator where ticket holders can post their tickets to sporting events, concerts, and the like and resell them (even at a huge markup) for a fee, has been acquired by eBay to the tune of $310 million. If you're not down with the eBay power conglomerate, try RazorGator. Another monster, but not eBay. Better yet, try craigslist and buy your hard-to-get tickets from the individual without paying a commission.
I'd venture to say that with eBay taking StubHub, traffic will only grow, increasing the market. eBay also likes to jack up commissions and fees, so expect ticket prices to climb. I bet those Justin Timberlake tickets just shot up to 400 bucks, kids.
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