🚀 Stubhub lawsuit

In partnership with

Unlock the full potential of your workday with cutting-edge AI strategies and actionable insights, empowering you to achieve unparalleled excellence in the future of work. Download the free guide today!

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Washington, D.C., Attorney General Brian Schwalb has sued StubHub, alleging the online ticket exchange platform engages in deceptive and unfair pricing practices. The lawsuit accuses StubHub of using deceptive advertising to lure consumers with low ticket prices, which significantly increase after a lengthy checkout process. StubHub's "drip pricing" system, which includes a countdown clock to create a false sense of urgency, adds substantial "fulfillment and services fees" without clear explanation. The AG's office highlights the impact on D.C. residents and visitors, who spend more on live entertainment than those in many other U.S. cities. StubHub, valued at over $16 billion, has delayed its IPO due to market conditions and maintains that its practices align with industry standards and legal requirements. This lawsuit comes amid broader scrutiny of hidden fees by ticket sellers and other industries like airlines.

2. Microsoft reported strong earnings and revenue, with a 15% year-over-year increase in revenue and net income reaching $22.04 billion for the fiscal fourth quarter ending June 30. Despite these positive figures, investor focus shifted to the slightly disappointing cloud results. The company's Intelligent Cloud segment generated $28.52 billion, just missing the $28.68 billion analyst consensus, and Azure's 29% growth fell slightly short of expectations. However, Azure's growth was bolstered by AI services, contributing 8 percentage points. Looking forward, Microsoft forecasts first-quarter revenue between $63.8 billion and $64.8 billion, which suggests 13.8% growth but falls short of analysts' $65.24 billion prediction. Executives are optimistic about a cloud growth boost in early 2025, critical as Microsoft competes with Amazon Web Services and Google in the AI workload sector.

3. 10x your revenue growth using AI and make up to $20k extra per month: Imagine having Einstein's mind or Steve Jobs’ business skills in your team. You can do that now with AI.  Join this FREE AI tools workshop to know how (Free for first 100) 🎁*

4. Headlines

   1. Private payrolls in the US only added 122,000 jobs in July, the slowest month so far this year.

   2. Wages are up 4.8% year-over-year, the smallest annualized rise in two years.

   _{* This is sponsored content.}

Looking to elevate your brand with a custom hat?

Don’t make it just any hat. Make it a Branded Bills hat.

Why? They make quality merch (especially hats) that people actually want to wear.

Don’t just take it from us, here is what one of their recent clients has to say:

“I think Branded Bills is memorable because it is more of a lifestyle brand for us. It’s not just employees wearing them to work or technicians wearing them out in the field; they're wearing them to bowling alleys, sporting events, etc, and they’re repping our brand which is exactly what we want.” Rebecca Ferguson, Empire CAT

Want some more? Get $175 off your first order over $1000 with the code NEWSLETTER.

If this is what you want (and we’re guessing you do), hit up Branded Bills.

Are you looking to grow your business? Here is how I can help:

📢Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill