StubHub stock plummets 24% after company withholds fourth-quarter guidance
In this photo illustration, the StubHub logo and webpage are displayed on a cell phone and computer monitor on April 17, 2024 in Los Angeles, California.StubHub's stock plummeted 24% on Friday after the company withheld financial guidance for the current quarter, citing a "long-term" focus.StubHub CEO Eric Baker told investors on Thursday's conference call that the timing of when tickets go on sale can shift from quarter to quarter, making it hard to predict consumer demand.Baker reiterated that demand for ...