Ticketmaster sued over Taylor Swift ticketing debacle

Published

2 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”.

China has pledged to “significantly increase” debt to jumpstart its economy

Published

11 hours ago

October 14, 2024

ticker NEWS

Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

Leaders

Niche accountants proving essential to e-commerce success

Published

5 days ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

6 days ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending