Eventbrite is an American event management and ticketing website. The service allows users to browse, create, and promote local events. The service charges a fee to event organizers in exchange for online ticketing services, unless the event is free. Launched in 2006 and headquartered in San Francisco, Eventbrite opened their first international office in the United Kingdom in 2012. The company has local offices in Nashville, London, Cork, Amsterdam, Dublin, Berlin, Melbourne, Mendoza, Madrid, and São Paulo. The company went public on the New York Stock Exchange on September 20, 2018, under the ticker symbol EB as reported on Wikipedia.
In 2022, the firm experienced significant losses. By June 2022, the firm’s hedge fund and its long-only fund had respectively declined 52% and 62% in value since the beginning of the year. The Wall Street Journal and Financial Times reported that these losses eliminated some two-thirds of the value accrued by the hedge fund and the long-only fund over the duration of their existences, while New York cited research indicating the losses could account for three-fourths of lifetime gains. The Wall Street Journal has referred to the hedge fund’s loss as “one of the largest-ever”, and an anonymous hedge fund manager quoted by New York referred to the losses as “[…] the biggest in the history of hedge funds”.
