Maged said that just a few years ago, 60 percent of the tickets listed on StubHub were by brokers and 40 percent by individuals, but that the ratio had reversed.
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As a result, the average price of tickets sold on StubHub fell 2.5 percent last year even as sales grew 26 percent. Since 2006, the average price of tickets has declined almost 20 percent, to $84.21 per ticket from $104.42. The average price of tickets sold on TicketNetwork, another major reseller, fell 30 percent in the last five years.
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According to the executive, Brazil is the fourth largest market in LinkedIn, second only to the United States, India and the UK. So here there is a huge growth opportunity for the network. Since the launch of the Portuguese version in April 2010, the number of users grew six times, jumping from 1 million to 6 million users.
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