PODCASTS Why StubHub’s IPO Flopped AdminOctober 4, 2025015 views StubHub’s stock is down almost 30% since IPO on Sep 17. I’m not surprised. Reselling tickets is a complicated business. Here are just a few challenges: • Regulatory pressure on secondary market • Fierce competition (Ticketmaster, SeatGeek, Vivid Seats) • StubHub’s billion-dollar debt load Yes, the live music industry is booming but not because of secondary resellers. They are arguably the least valuable part of the ecosystem. There’s no true economic moat, and it’s a tough sell for investors who have plenty of other ways to bet on the live boom What’s your take on StubHub? source