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StubHub Shares Plunge As Weak Outlook Fuels Fears World Cup Pulled Spending Forward
StubHub Shares Plunge As Weak Outlook Fuels Fears World Cup Pulled Spending Forward
StubHub shares plunged 20% in premarket trading as uncertainty surrounding its second-half outlook fueled concerns that World Cup demand temporarily pulled forward discretionary spending on entertainment and events.
..back near four month lows...
StubHub's second-quarter results were mixed. Revenue climbed 33% to $573.1 million, beating the $513.3 million Bloomberg consensus estimate, while adjusted EBITDA of $105.7 million also topped expectations. Earnings per share were flat, missing the 9-cent consensus estimate.
2Q26 Earnings Snapshot:
Adjusted EBITDA: $105.7 million; estimate: $101.7 million
EPS: $0;...
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Jun 15, 2026 / Tyler Durden
Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening
Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening
The U.S. and Iran reached an interim agreement to reopen the Strait of Hormuz on Sunday evening, just 30 minutes before New York futures opened, with officials from both countries set to meet in Switzerland on Friday to formally sign the peace deal.
According to Iranian outlet Fars, the U.S.-Iran deal reportedly includes a 60-day toll-free window for vessels. After that period, if a more permanent deal is agreed upon, Tehran may seek to monetize the Hormuz chokepoint by...
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Aug 31, 2026 / Tyler Durden
Google Retreats On 'Parasite SEO' Crackdown In Europe To Head Off EU Antitrust Fine
Google Retreats On 'Parasite SEO' Crackdown In Europe To Head Off EU Antitrust Fine
Alphabet's Google said on Friday that it has changed how it enforces its spam rules in Europe, following concerns from EU regulators that the policy could unfairly hurt news publishers and other websites that carry content from commercial partners.
The Google logo outside the company's offices in London on June 24, 2025. Carlos Jasso/Reuters
The dispute centers on Google's policy against "site reputation abuse," a practice often called "parasite SEO." It occurs when a third party publishes content on...
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Jun 9, 2026 / Tyler Durden
"Device-Level" Nudity Detection: UK Gov't Blackmailing Public Into Digital ID
"Device-Level" Nudity Detection: UK Gov't Blackmailing Public Into Digital ID
Authored by Kit Knightly via OffGuardian,
British Prime Minister Sir Keir Starmer announced plans, in a speech earlier today, to introduce "device-level controls" that will prevent children from viewing, sending or taking naked photographs:
This government will not stand by while children are put at risk online.
Today I am calling on the tech companies to introduce device-level controls to prevent children from taking, sharing or viewing nude images.
And if they don't act, we will.
— Keir Starmer (@Keir_Starmer) June 8, 2026
According to Justice...
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