StubHub CEO Helps Fund Mass Scalpers on His Own Platform
An investigation reveals that StubHub CEO Eric Baker is a co-owner of a fund that finances large-scale ticket scalpers operating on the very same platform.
A CBC investigation has found that StubHub CEO Eric Baker is a co-owner and managing director of Andro Capital, a fund that assists scalpers in selling tickets in bulk on StubHub. As disclosed in StubHub's September 2025 SEC filing, this fund generates millions of dollars in ticket sales on the platform. Additionally, StubHub has a partnership with Andro affiliate Colloquy Capital, which bankrolls mass scalpers on the resale site.
A StubHub spokesperson told CBC that this information is not new, but it has resurfaced after the company's latest SEC filing. However, Baker and StubHub have not been transparent about this conflict of interest over the years, which is why the revelation surprised many users.
StubHub has previously faced accusations of price gouging and unfair practices. In April of this year, the company paid $10 million to settle a lawsuit with the Federal Trade Commission over allegations of deceptive ticket price advertising. Recently, StubHub also drew criticism for canceling thousands of World Cup ticket orders and is facing two potential class-action lawsuits in the US over these issues.
In 2025, StubHub handled $9.2 billion in ticket transactions. Ticket prices for live events have surged in recent years, and the resale marketplace, where StubHub operates, is plagued by bots, inconsistent pricing, and hidden fees. Mass scalpers drive much of this instability, and through Andro and Colloquy, StubHub's CEO is funneling millions into this pipeline.
