StubHub, an online ticket resale marketplace, filed for an IPO under the ticker symbol “STUB,” reporting a net loss of $2.8 million on revenue of $1.77 billion for 2024. The company, founded in 2000, was reacquired by co-founder Eric Baker in 2020 for $4 billion and facilitated over 40 million ticket sales last year. Amid a market thaw, StubHub’s IPO follows recent debuts by companies like CoreWeave and Klarna, marking a resurgence in tech offerings after a lull since late 2021.
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A deadly E. coli outbreak hit 15 states, but the FDA chose not to make the details public
In November, a significant E. coli outbreak linked to romaine lettuce affected 15 states, resulting in dozens of illnesses, including a near-fatal case in a 9-year-old and one death. The FDA closed its investigation in February without public disclosure of the responsible companies, citing the absence of contaminated lettuce by the time the source was identified. Critics argue that withholding such information undermines consumer safety, while the FDA maintains that it acts according to evidence...
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