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The CEO, Julia Hartz said :It is a fundamental need for humans to gather, as we have been doing for thousands of years, and we will be there to power that connection.”
She is right but the million dollar question on everyone's mind is WHEN will that be ? If post Covid-19 and people returning back to office still have to obey social distancing, wear face mask, etc, that itself is already a hassle, necessary no doubt.
Magnify that 10,000 times to a large event where hundreds of thousands of people congregate but they still have to obey these rules. That means security has to ensure a maximum number of people allowed each time in the event hall. That will deter many who have to queue to get in.
Such inconvenience will be costly to the business executive who probably fly from different countries to attend this events and this preventive measure may be dampen the mood. And people will be wondering for safety reasons, can they get on to Zoom to achieve the same results ?
Now that the price is 1/4 of its peak price, it is cheap but cheap can get cheaper and I see no incentives to long this stock at this moment. Also, ancillary to this is business travelling by air. The latter has to be resolved first as many airlines are now suffering. Without air transportation, Eventbrite can organise the best conference, get the best keynote speakers but participants will have a challenge to attend.
And participants are the revenue generators for Eventbrite, without it , they cannot run their business.
The CEO, Julia Hartz said :It is a fundamental need for humans to gather, as we have been doing for thousands of years, and we will be there to power that connection.”
She is right but the million dollar question on everyone's mind is WHEN will that be ? If post Covid-19 and people returning back to office still have to obey social distancing, wear face mask, etc, that itself is already a hassle, necessary no doubt.
Magnify that 10,000 times to a large event where hundreds of thousands of people congregate but they still have to obey these rules. That means security has to ensure a maximum number of people allowed each time in the event hall. That will deter many who have to queue to get in.
Such inconvenience will be costly to the business executive who probably fly from different countries to attend this events and this preventive measure may be dampen the mood. And people will be wondering for safety reasons, can they get on to Zoom to achieve the same results ?
Now that the price is 1/4 of its peak price, it is cheap but cheap can get cheaper and I see no incentives to long this stock at this moment. Also, ancillary to this is business travelling by air. The latter has to be resolved first as many airlines are now suffering. Without air transportation, Eventbrite can organise the best conference, get the best keynote speakers but participants will have a challenge to attend.
And participants are the revenue generators for Eventbrite, without it , they cannot run their business.
Comment:
congrats to those who shorted. it suffered a gap down.......