Page 4 - Stan Chia News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Vivid Seats Delivers $1 Billion Quarterly Marketplace GOV & Acquires Vegas com
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Vivid Seats Inc (SEAT) Acquires Vegas com, Reports $1B Quarterly Marketplace GOV
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Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn t see demand in his industry falling off. He says customers are still paying for tickets to concerts, sports games and the theater even if interest rates are high and sentiment surveys show shoppers say they re feeling nervous. He also said he sees the explosion of pent-up demand for entertainment outside the house following the pandemic has burned through, and trends have returned more to normal.
Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn t see demand in his industry falling off. He says customers are still paying for tickets to concerts, sports games and the theater even if interest rates are high and sentiment surveys show shoppers say they re feeling nervous. He also said he sees the explosion of pent-up demand for entertainment outside the house following the pandemic has burned through, and trends have returned more to normal.
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