
ONE TOUT'S HAUL
£1M+
TICKETS · 1 SELLER
2,000+
FACE VALUE MARKUP
4×
ACTUAL FAN SELLERS
562
A single ticket reseller named Vladyslav Skrypka has listed more than 2,000 U2 tickets across StubHub for the band's 2027 London dates at Tottenham Hotspur Stadium. Some are priced at over four times face value. If all sell at listed prices, the haul exceeds £1 million. This is happening on a platform whose own CEO publicly condemned the bot software that most plausibly explains how one person circumvented strict per-buyer purchase limits.
Extraction Map
The numbers tell the structural story. A Guardian snapshot found 7,819 U2 tickets on StubHub. Of those, only 562 came from private sellers — fans offloading spares. The rest sit in the hands of professional traders, an industry euphemism for touts who move more than 100 tickets a year. The market is not a peer-to-peer exchange. It is a wholesale extraction operation wearing a consumer marketplace costume. StubHub and Ticketmaster are locked in a blame loop that conveniently absolves both. StubHub says bots operate at the point of primary sale, so enforcement should happen upstream. Ticketmaster says it blocks 20 billion bots a month and spends millions doing so, but resale platforms create the profit incentive that drives bot use in the first place. Both are correct. Neither is solving the problem, because the problem is the profit margin itself. Bots have been illegal in the UK since 2018. Speculative selling — listing tickets you don't yet possess — is also illegal. Yet the FanFair Alliance notes that the sheer volume of Skrypka's listings suggests either bot acquisition or spec selling, both criminal offences. No enforcement action is visible. The law exists on paper and vanishes at the point of transaction. Culture Secretary Lisa Nandy outlined plans a year ago to ban resale for profit. A bill is due during the current parliamentary session, which could stretch well into 2027 — meaning U2's tour may come and go before legislation lands. The gap between announcement and enforcement is itself a subsidy to touts: every month of delay is another month of unimpeded extraction. The platform economics are revealing. StubHub, owned by US investment group Digital Fuel Capital, collects fees on every resale transaction. It has no structural incentive to eliminate high-volume professional sellers, who generate the bulk of its revenue. Its public condemnation of bots is a reputation management exercise, not a business strategy. The marketplace model profits from the very extraction it claims to oppose. What's playing out with U2 tickets is not a failure of technology. Ticketmaster demonstrably can identify and block bots at scale. StubHub can see that one account holds 1,800 tickets for a single show. The information exists. What's missing is the economic incentive to act on it, because every party in the chain — primary seller, resale platform, tout — takes a cut. The only actor who loses is the fan paying four times face value.
Worth reading?
SKIP
Score
16
/100
Extractive. The entire secondary market chain — bots, touts, platforms — exists to capture the gap between face value and willingness-to-pay, concentrating it among intermediaries who create zero new value.
What Is GRIN?
GRIN stands for Generativity, Resilience, Innovation efficiency, and Novelty openness. These four dimensions capture the essential characteristics of any memetic intelligence — whether a nation, a corporation, a religion, or a movement.
About GRINGenerativity
0/5
Resilience
1/5
Efficiency
1/5
Novelty
2/5
Extractive
5/5
Inverted
Does this create new capability or just redistribute existing value?
Zero value created. No new tickets, no new experiences, no expanded access. Pure rent-seeking by intermediaries who insert themselves between artist and fan to capture the price spread.
Verified Facts (6)
Vladyslav Skrypka advertised more than 1,800 tickets for one of the nights alone, with some on sale for more than four times face value
A snapshot of StubHub's listings showed 7,819 U2 tickets advertised for resale; only 562 were from private sellers
Bot use has been illegal since 2018
Ticketmaster said it blocked 20bn bots a month and spent millions on doing so
StubHub International is owned by the US investment group Digital Fuel Capital
A ticket tout ban bill is due to be published during the current parliamentary session, which might not end until well into 2027
More latest news
Read all