Ticket resale giant StubHub offers another cautionary tale of regulatory risk destroying enterprise value. The company booked $93.9 million in legal and regulatory expenses for 2024, according to its S-1 filing with the Securities and Exchange Commission nearly doubling from $48.2 million in 2023. Multiple state attorneys general have sued StubHub over so-called “drip pricing” tactics, while the D.C. Attorney General filed a separate “bait-and-switch” lawsuit in July 2024. The company’s repeatedly delayed I ...