For example, Stubhub was not mentioned, and it beats out Razorgator. Ticketmaster actually runs several secondary market resellers itself, hence the recent Springsteen affaire — the article doesn't even mention that TicketsNow is a Ticketmaster organ. Other competitors include TicketNetwork, TicketCity, and a whole bunch of others with similar businesses, basically buying from brokers and individuals and reselling for high margins at sold-out performances and events.

“The site, which may sound a bit like legit electronic scalping, is designed to allow ticket-holders who cannot attend events, concerts, games, etc. to offload their tickets at face value prices — no markups allowed.”

This statement is 100% incorrect. Viagogo does allow mark ups, with the exception of it's Manchester United deal which prevents mark ups. So, in point of fact, it is legit electronic scalping.

“In doing so, the site says that one of its goals is to reduce if not eliminate blackmarket ticket exchange.”

Well, perhaps you should speak to Micheal Jackson promoters that took court action against viagogo, the “official reseller” who were passing large volumes of tickets to other brokers. Not exactly transparent eh?

I highly doubt viaagogo is a profitable business one reason why they continue to seek funding.

It would be nice if business reporters did more than just parrot a press release and also knew the difference between “earnings” and “revenue”.