The Best One Yet cover image

The Best One Yet

🎟️ “Inside StubHub” — The Ticket IPO. Napster’s $200M comeback. 23&Me’s DNA drama.

Mar 26, 2025
StubHub is navigating IPO waters while battling scalpers and a shifting ticket market. Meanwhile, Napster has made a surprising resurgence, reminding us of the nostalgic tunes of yesteryear. 23andMe faces uncertainty with its bankruptcy, leaving millions with questions about their genetic data. The hosts also highlight how Gen Z is reshaping ticket sales and touch on unique personal anecdotes. With a mix of market analyses and cultural insights, this discussion is lively and engaging.
23:00

Podcast summary created with Snipd AI

Quick takeaways

  • StubHub's impending IPO highlights the company's reliance on scalpers and the risks posed by evolving ticketing practices from primary vendors.
  • The acquisition of Napster for $207 million illustrates the significance of brand recognition in driving consumer engagement within the digital marketplace.

Deep dives

StubHub's IPO and the Scalping Dilemma

StubHub is preparing for an Initial Public Offering (IPO) with a potential valuation of $16 billion, fueled by a surge in Gen Z spending on concert tickets, which has reportedly tripled over the past three decades. Despite this exciting prospect, StubHub faces significant risks from ticket scalpers who use bots to secure tickets in bulk and resell them at inflated prices. The company's profitability depends on the secondary ticketing market, which is increasingly threatened as primary ticket vendors like Ticketmaster implement dynamic pricing to decrease arbitrage opportunities for scalpers. If scalpers were to disappear, StubHub's business model, which relies heavily on fees collected from ticket resales, would be dramatically impacted.

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