@WallStreetApes Face to the name. Eric Baker CEO of StubHub and hedge fund rip off. Another greedy POS that never steals enough. Epstein’s is gone. Where do the greedy ultra wealthy go now?
The CEO of StubHub exposed in SEC documents to own a hedge fund thats scalping millions of tickets on StubHub making a fortune
Everything is a scam
“StubHub bills itself as an online marketplace for fans where they can buy and sell tickets, but it turns out that StubHub CEO himself also has a hedge fund that is scalping millions of dollars worth of its own tickets”
“The company went public on the New York Stock Exchange last fall. They had to file documents to the Securities and Exchange Commission, and in those SEC filings, we find some interesting information. The CEO, Eric Baker, actually owns and manages a hedge fund by the name of Andro Capital.
Its business: selling millions of dollars worth of tickets on StubHub — So essentially, StubHub and its CEO are in the business of mass scalping”
Here’s a step by step of how the scam works
- StubHub CEO’s Andro Capital buys large numbers of tickets, sometimes in bulk from primary sellers, other brokers and events
- They then list and sell those same tickets on StubHub at much higher prices
- When fans buy the tickets, Andro makes a profit on the price difference, this is the scalping markup
- StubHub helps them by handling the listing, pricing and delivery of the tickets, sometimes with special arrangements or lower fees for Andro
The result is millions of dollars in ticket sales flow through Andro on StubHub, and the profits go back to the hedge fund that StubHub CEO Baker owns and manages
It means with his big money and influence he can move in early, gets the tickets for events, then mark them and rob everyone blind
@Polymarket Is anyone surprised? They took away all incentives & Rewards for legitimate sellers who give them tons of business. They even took away the dedicated phone line. I quit using StubHub a while ago becuz they told us in every way that they didn’t care about their customers.
@Poshmarkapp I would like to talk to someone @ Poshmark. I listed something & I’m suddenly getting contacted outside of the platform and I don’t think they should have access to my information! It seems impossible to talk to someone there.I’ve spent an hour & gotten nowhere.
@AutopayDirect your company is a joke! You send me a letter and say I’m prequalified and then you offer me a rate that’s higher than what I’m already paying. I have zero debt and an 800 credit score… I then lose points on my credit score because of your antics. Fuck right off!
@SWJMusic@missionballroom@tylerjames@jacekartye Tried to see you in STL. Bought tickets from @SeatGeek that never came. They promised a “Fan guarantee” the day of the show and still never got tickets. They havent refunded me and won’t return my messages and emails. I’ve been on hold for over 17 hours total in a week.
Beware of using @SeatGeek I purchased 4 tickets that were never delivered. Spent 2 days talking them to figure out why tix didn’t arrive. Promised I���d have them through a “fan guarantee”. Never got refund. Still calling daily. I’ve spent
17 hours on hold in total.
@SeatGeekHelp@SeatGeekHelp has anyone ever going to get back to me? You screwed me out of my tickets and you have left me with nothing. I haven’t received a refund or a response in the chat won’t work on your site because I’ve already chatted about it. This is not ok.
@SWJMusic bought tickets on @SeatGeekTickets on November for tonight’s show in STL. They waited until yesterday to send them. They screwed up and I spent alllll day talking to them. Tickets. Ever came. I paid a lot for nothing.