Money

Ticketmaster cancels public sale for upcoming Taylor Swift tour

Published

3 years ago

November 18, 2022

William Howard

Ticketmaster cancels public sale for Taylor Swift tour, fans and lawmakers demand answers

If you’re a die hard Taylor Swift fan, chances are you’re pretty frustrated right now.

Ticketmaster has cancelled the general public ticket sale for Taylor Swift’s ‘Eras’ tour.

Executives are citing”extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory” as the reason behind this decision.

Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand, tomorrow's public on-sale for Taylor Swift | The Eras Tour has been cancelled.

— Ticketmaster (@Ticketmaster) November 17, 2022

Ticketmaster’s site crashed on Tuesday during the first release of tickets for Swift’s U.S. leg of the tour. The company has already sold more than 2 million tickets in pre-sales.

Now, a Democratic Senator is calling for answers, sending a letter to Ticketmaster’s parent company, Live Nation Entertainment.

In the letter, Senator and chair of the Senate antitrust panel, Amy Klobuchar, voices “serious concern.” She is worried “about the state of competition in the ticketing industry and its harmful impact on consumers.”

“Ticketmaster’s power in the primary ticket market insulates it from the competitive pressures that typically push companies to innovate and improve their services.”

In a statement released by the ticketing giant, the company says it did anticipate heavy demand for tickets to see Swift perform on her first tour in five years. But extreme interest, combined with bot attacks, led to “unprecedented traffic on the site.”

The company says around 15 per cent of interactions on the site experienced issues and overall it sold 2 million tickets on Tuesday alone.

from her first upload 🙂 to the #TSAntiHeroChallenge and every era in between, congratulations to @taylorswift13 on reaching 50 million subscribers on youtube! pic.twitter.com/xo0VVznZQL

— YouTube (@YouTube) November 17, 2022

Meanwhile, Klobuchar is asking Live Nation Chief Executive Michael Rapino to provide an explanation.

The Senator wants to know how much of the company’s profits have been spent on upgrading ticketing technology and how many tour tickets were reserved for the presale.

The Ticketmaster statement did not respond to these questions.

Money

S&P 500 and Nasdaq rally ahead of Fed meeting and earnings

S&P 500 and Nasdaq rise for fourth session as investors await earnings and Fed meeting, marking longest gain since December.

Published

8 hours ago

January 27, 2026

Harvey Vargas

S&P 500 and Nasdaq rise for fourth session as investors await earnings and Fed meeting, marking longest gain since December.

The S&P 500 and Nasdaq have climbed for the fourth consecutive session as investors brace for upcoming earnings reports and a Federal Reserve meeting.

Both indexes reached their highest levels in over a week, marking the longest series of gains since December.

#StockMarket #SP500 #Nasdaq #TechStocks

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

5 days ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

7 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker