Along with other businesses that rely heavily on human interaction, Eventbrite (NYSE: EB) is having a rough go of things this year. The stock is down 58% year to date, far worse than the 36% drop for sports and concert event manager and Ticketmaster parent Live Nation Entertainment (NYSE: LYV).
Eventbrite has been making progress adapting to the new digital-first reality, but event planners have nonetheless been hit hard; they've been issuing refunds and replacing their previously live gatherings with online ones -- often for free or at heavily discounted rates. For the technologist, which earns a cut from each ticket sold, some serious challenges lie ahead.
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Source Fool.com