StubHub's CEO has been scalping his own customers for years
Eric Baker is the CEO of StubHub and he also built Andro Capital on the side, a hedge fund that acquires tickets and sells them on StubHub
He also made sure Andro Capital got a better deal than every other seller on the platform:
• Andro Capital: $0 in seller fees (2024-2025)
• Everyone else: 20% commission
In 2023, StubHub ended a deal where Andro Capital had been operating as an inside ticket inventory partner and paid Andro Capital $1,600,000 to do it
He then created Colloquy Capital to finance other mass scalpers buying and flipping tickets on the same platform
The Texas AG, Consumer Protection BC, and two class-action lawsuits are all investigating