Core Viewpoint - StubHub's stock performance has been disappointing since its IPO, trading 13% below initial pricing after two days, contrasting sharply with other recent IPOs like Figma and Klarna, which have seen significant gains [2][4][7] Company Performance - StubHub's stock closed lower for both sessions following its IPO, despite record highs in major indexes, indicating a lack of investor confidence [2][3] - The company faces long-term challenges, including competition from Live Nation and Vivid Seats, which may be impacting its stock performance [3] Market Comparison - In comparison to StubHub, companies like Figma and Klarna have enjoyed strong market debuts, attributed to their positive public perception and customer satisfaction [4][5] - Figma's IPO was celebrated with a block party, highlighting its popularity among digital designers, while Klarna's "buy now pay later" model, despite some criticism, is well-received by its users [5][6] Customer Sentiment - StubHub is perceived as a necessary service rather than a beloved brand, with many customers expressing dissatisfaction, which may contribute to its stock struggles [2][6]