Short answers, pulled from the story.
Eric Baker and Jeff Fluhr incorporated StubHub in San Francisco in March 2000. They developed the marketplace while students at Stanford Graduate School of Business to help fans find secondhand seats without inflated prices.
Jeff Fluhr sold StubHub to eBay in 2007 for 310 million dollars. He departed the company immediately after the transaction closed and Chris Tsakalakis became company president following the sale.
The CMA raided StubHub offices in 2017 to acquire information regarding exploitative ticket resale tactics used by Julien Lavallee. Investigations revealed the platform offered tools that made it easier for high-volume sellers to batch upload tickets and reduced fees for hitting certain sales volumes.
StubHub lost approximately 90% of its revenue shortly after the November 2019 purchase announcement due to global lockdowns during the COVID-19 pandemic. The acquisition was finalized in September 2021, requiring StubHub to sell operations outside North America to Digital Fuel Capital.
StubHub generates revenue by collecting fees from buyers at a rate of 10 percent and from sellers at a rate of 15 percent. Payments are handled via PayPal API integration while the company guarantees delivery to buyers by the time of the event.