StubHub’s CEO and the Scalper Scandal | Calgary News
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StubHub’s CEO and the Scalper Scandal | Calgary News
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StubHub’s under fire again—this time facing a $5 million class-action lawsuit accusing CEO Eric Baker of hiding his role as a major ticket scalper while marketing StubHub as a fan-to-fan marketplace. The scandal erupted after World Cup ticket cancellations left fans stranded and out of pocket, despite StubHub’s “FanProtect Guarantee.” Evidence shows Baker runs a hedge fund that resells millions in tickets through the platform, creating a massive conflict of interest. Buyers were misled into thinking they were dealing with a neutral marketplace, potentially paying more or accepting unfair terms. StubHub remains silent on the legal claims, but this isn’t their first rodeo—consumer agencies and states are already investigating. The company’s fan-friendly image is now in serious jeopardy.
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