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A comment on Stubhub buying their own tickets under fake names?. Parent comment

Re:Stubhub buying their own tickets under fake names? by nanidin on Wednesday July 12, 2023 @02:03PM (#36698989)
I considered that, but consider that shell companies are buying and reselling the tickets - then the main Stubhub entity collects all of the fees from each transaction. Now they get to show higher revenue for the Stubhub entity. Stubhub is trying to IPO and this feels like a way to boost numbers in order to boost valuation.
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Re:Stubhub buying their own tickets under fake names? by londons_explore on Wednesday July 12, 2023 @04:59PM (#36701605)
The SEC would catch you for that. There are all kinds of tricks like that for inflating revenue they have outlawed.

Thats why for example, if you work for Walmart you aren't allowed to buy walmart food for the team party and expense it. Expensing it is fine, but inflating the revenue figures by buying your own product is not.

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