Randy Nichols

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Randy Nichols

Randy Nichols

@forcemm

@NITO_Live board member, @Hofstrau professor advise @QuantizrHQ @proplr and manage @itssikarus at Fly South Music https://t.co/jbVHxuQ6Yt

ÜT: 40.710136,-73.82875 Katılım Mart 2009
1.3K Takip Edilen2.4K Takipçiler
Randy Nichols
Randy Nichols@forcemm·
@concertgoer4000 @ScottFriedman3 @BonJovi If you buy tix on B2B marketplaces you’re part of the problem. If you’re a season ticket holder and selling off tickets you got access to via PSLs that’s a valid conversation Ultimately if you want to make $ on events become and event producer or ticket company
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satisfied concert go-er
satisfied concert go-er@concertgoer4000·
@forcemm @ScottFriedman3 @BonJovi Right now your solution is to put the fair actors like myself out of business. We fulfill every single l one of our orders over here. The goal needs to be to weave out just the bad actors - not the fair actors too
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Scott Friedman 🎟️
Scott Friedman 🎟️@ScottFriedman3·
.@BonJovi vocals are horrific and he needs to hang it up and provide 🎟️ refunds to all of his fans. It is elderly abuse forcing these acts to play in their 70s+🤦‍♂️
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Randy Nichols
Randy Nichols@forcemm·
@theBuoyantMan If he is waiving fees for himself that’s an issue, same as listing his tickets above their customers and then charging an advertising fee to improve their visibility. Keep in mind he’s doing this as an individual and not as CEO. I’d also look at his Cayman Island Feeder fund
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Shravan Venkataraman
Shravan Venkataraman@theBuoyantMan·
Nothing that's mentioned here is illegal or a scam. This is how businesses work.
Wall Street Apes@WallStreetApes

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

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Randy Nichols
Randy Nichols@forcemm·
@SierraWhiskey9 The artist community is fighting hard to stop this! I’m working with multiple organizations and A list artists trying to stop it. It rips off both the fans and the artists and they despise it!
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SierraWhiskey
SierraWhiskey@SierraWhiskey9·
Stop buying this shit, immediately. No more money goes into the hands of scammers. No more money for artists until they demand that this shit ends!
Wall Street Apes@WallStreetApes

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

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Randy Nichols
Randy Nichols@forcemm·
@colineddington @wesbury The artists don’t work with them and hate them. Scalpers use bots to cut their fans in line and then mark up tickets to sell to their fans. @StubHub is a parasite that feeds off the artist and not a partner. This is why artists are fighting them
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Colin In Houston
Colin In Houston@colineddington·
@wesbury The artists should boycott them. That money should go to the performers, not this scam.
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Brian Wesbury
Brian Wesbury@wesbury·
If true, this needs to be prosecuted. I want a free market in tickets for after market sales, but when the lines are blurred this much, it is not a free market.
Wall Street Apes@WallStreetApes

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

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Macro Bombastic
Macro Bombastic@MacroBombastic·
@wesbury Bro that's some next level insider grift. Free market only works when the rules apply to everyone.
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CPG
CPG@MoldySalad34·
@wesbury Prosecuted? How about you rally people to not buy scalped tickets. To just miss out on the hyped up show. T just say “ no” ? You advocate that our tax dollars hire more lawyers and staff to implement more laws produced by more bureaucrats again someone playing a Capitalist hedge
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Randy Nichols retweetledi
Dante 🇺🇸
Dante 🇺🇸@DanteTheDon·
one of the worst companies on the planet. Most absolute dogshit customer service known to man, and thats saying something today
Wall Street Apes@WallStreetApes

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

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Randy Nichols
Randy Nichols@forcemm·
@godfathertix @tylermoz But this would be like Jeff Bezos seeing what’s selling well and listing it on Amazon and undercutting Amazon and not paying the same fees as their sellers. Also, Amazon creates the basics products. StubHub uses tools to harvest someone else’s product faster than the customer
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Free the Tix!
Free the Tix!@godfathertix·
I am not saying its not a conflict of interest, although look at the "Amazon Basics" brand... Basically anything that sells well on Amazon by 3rd party sellers or brand owners, Amazon takes it for themselves and undercuts the price. Research how stiff the competition is on Amazon, and how much they screw brand owners over - in comparison to Stubhub screwing over rights holders + resellers, Amazon takes the cake.
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ty
ty@tylermoz·
Hot Take: This is the smartest thing any legacy/mature marketplace could do You can make so much $$$ and it’s a 10x better UX for your customers
Wall Street Apes@WallStreetApes

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

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Randy Nichols
Randy Nichols@forcemm·
@TheFleshGordon @suzydfauria @WallStreetApes Yes, artist hold tickets for their guest list, production holds, label and promotional partners….scalpers just use bots to harvest tickets, fuck fans and then blame the artist or Ticketmaster for their grift
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Flesh Gordon
Flesh Gordon@TheFleshGordon·
@suzydfauria @WallStreetApes LN blocks out ticket sales on a lot of seats for every venue. She then price gouges her own fans. A State Attorney’s office involved in this on going lawsuit trial is seeking to file a massive class action lawsuit against actual artists doing this. Her post did not age well.
Flesh Gordon tweet media
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Wall Street Apes
Wall Street Apes@WallStreetApes·
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
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dadBOT
dadBOT@KCdadBOT·
Short and simple stubhub support stated they are not ticket sellers and provide no guarantees as they are just a marketplace
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Randy Nichols
Randy Nichols@forcemm·
@concertgoer4000 @ScottFriedman3 @BonJovi I fully support free market but not free for all markets where people use illegal tools to cheat the masses. That’s not feee market, that’s market manipulation. Like when a CEO claims he’s only running a marketplace and you find out he’s selling $100M + competing with customers
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Randy Nichols retweetledi
dadBOT
dadBOT@KCdadBOT·
@stubhub support just hung up on me after stating they don’t guarantee tickets and they don’t sell tickets. I asked to speak to support leader to find out why my @tameimpala tickets didn’t work and got that as the response.
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Mapzzzzz
Mapzzzzz@mapzzzzz·
@forcemm @ScottFriedman3 @FIFAcom @Ticketmaster @SeatGeek you’re pretending to not understand what’s happening. They held back entire sections to rope suckers into paying stupid prices, now are dumping them all at 60-65% off on SeatGeek. Good business move but shitty
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Scott Friedman 🎟️
Scott Friedman 🎟️@ScottFriedman3·
🚨.@FIFAcom delisted 3k+ 🎟️ from their primary for Tuesday’s semifinal France v Spain match. They just started popping up on @Ticketmaster and @SeatGeek 👀 Gianni c’mon man🤦‍♂️ Were $3710. Now $1700-$2500
Scott Friedman 🎟️ tweet mediaScott Friedman 🎟️ tweet media
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Randy Nichols
Randy Nichols@forcemm·
@wesbury It’s true, I found it in their S1 and shared it with this reporter who vetted it further. This is the LinkedIn of one of his partners in the fund. Viagogo is his former company he Merged with StubHub He’s been hidding in plain sight but no one understood it
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Bryan Barton
Bryan Barton@Bryan_Barton·
@WallStreetApes I understand 💯 what he is doing here... but I don't see how this is a scam. Stubhub has always been about scalping tickets. What difference does it make about who is doing the scalping?
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Keşfet

@concertgoer4000 @ScottFriedman3 @BonJovi @theBuoyantMan @SierraWhiskey9 @colineddington @wesbury @StubHub