> Stubhub is a small family business bootstrapped by hard working folks just like you or I. My bad for saying they are value negative.
The impliciation that only small outfits can be value positive requires rejecting economies of scale.
Which is a fundamental misunderstanding of economics compounded by its limited scope: the entertainment complex to which scalpers attach is massive. The shows which scalpers are attracted to are massive. Small shows don't get scalped.