StubHub CEO Eric Baker is under scrutiny for enabling mass scalpers on his ticket reselling platform

In today’s CEO Daily: StubHub CEO Eric Baker’s hedge fund ties are raising questions

The big leadership story: Trump is running out of options to manage oil prices

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Good morning. Ticket resellers have long turned to StubHub to hawk their wares, selling seats to concerts and sports games, often at significant markups. But what happens when the CEO of a platform for ticket resellers turns out to be one himself? Even as Stubhub faces class action lawsuits and investigations over selling World Cup tickets that didn’t exist, its founder Eric Baker is facing scrutiny for his ties to a fund that resells millions of dollars of tickets on the site—and finances other resellers to do the same.

Here’s the issue: In its prospectus to go public last fall, Stubhub noted that one million sellers offloaded 40 million tickets in 2024. The S-1 filing also revealed that Baker is managing director of Andro Capital, a fund that buys tickets in bulk and resells them on the platform.  StubHub also pays hefty fees to Andro to help sell and service inventory and refers other resellers to an affiliate of the fund that offers financing for bulk ticket sales. A CBC investigation put a spotlight on the filings amid the uproar over StubHub canceling hundreds, if not thousands, of World Cup tickets. (StubHub has not disclosed the total number.)

On Friday, Rep. Robert Garcia (D-Calif.), ranking member of the Committee on Oversight and Government Reform, demanded answers from Baker, sending him a sharply worded letter asking........

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