Ticketmaster sued over Taylor Swift ticketing debacle

Published

3 years ago

December 5, 2022

Ticketmaster taken to court over Taylor Swift ticketing debacle

Ticketmaster is in hot water. More than two dozen fans across 13 states are suing the company for the Taylor Swift ticketing debacle.

The lawsuit has been submitted in the Los Angeles County District Court in California. Los Angeles is the home of Ticketmaster’s parent company, Live Nation.

Tickets to see Taylor Swift perform during the U.S. leg of her ‘Eras’ tour sold so quickly, most fans didn’t even get a chance to buy them.

At the time, the agency cited “extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory”.

This demand actually saw Ticketmaster’s website crash completely, leaving millions of Swifties furious.

Now, prices on the black market have skyrocketed.

https://twitter.com/taylorswift13/status/1588516506349891584?s=20&t=Sut4LeI6F85XMh_D4QDmpg

The lawsuit alleges Ticketmaster violated the California Cartwright Act and the California Unfair Competition Law during its presale to so-called “verified” fans.

The 26 individuals say Live Nation is guilty of fraud, price fixing, and antitrust violations as well as “intentional misrepresentation”.

It reads, “millions of fans waited up to eight hours and were unable to purchase tickets”, while scalpers and bots had access to the presale.

Ticketmaster is yet to respond to the lawsuit.

At the time of the ticket sales, Swift herself delivered a scathing review of the company.

The pop star said, “I’m not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could”.

Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

Published

17 hours ago

February 9, 2026

Harvey Vargas

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

4 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

4 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker