Conor's avatar
$23.5m follower assets
Update: TicketMaster $LYV Swifities
Is anyone else confused about the TicketMaster saga with Swifties not being able to purchase tickets?

From what I have read, there were two million tickets sold and twelve million people who weren't able to buy tickets.

I am assuming there are only a limited number of tickets to go around. Did everyone expect to get tickets or something?

Seems like TicketMaster who is owned by LiveNation Entertainment is getting a lot of heat for this. Their stock is down 6% today. Could be a buying opportunity if the stock continues to drop.

Great Update below from Roman:

As far as I understand the majority of tickets are in the hand of resellers already, it has been the case for a while now for Ticketmaster tickets, but the popularity of Taylor Swift made it more obvious than ever and it's infuriating the real fans/buyers.

Ticketmaster has been happy to double dip for a while by charging fees to resellers when they buy and when they sell through their website. It's time to reign over Ticketmaster obvious monopoly abuse.

Thank you for sharing!

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Steve Matt's avatar
It was revealed today the Justice Department has been investigating them for monopolistic behaviors. The investigation started prior to this debacle.

Either way, big, heart fuck Ticketmaster. Break them up!
Conor's avatar
@interrobangbros thanks to Roman below I can see why everyone hates TicketMaster now.
Dissecting the Markets's avatar
@conorvalue people have hated LiveNation and Ticketmaster for a very long time. John Oliver's coverage on it is fantastic! https://youtu.be/-_Y7uqqEFnY
As far as I understand the majority of tickets are in the hand of resellers already, it has been the case for a while now for Ticketmaster tickets, but the popularity of Taylor Swift made it more obvious than ever and it's infuriating the real fans/buyers.

Ticketmaster has been happy to double dip for a while by charging fees to resellers when they buy and when they sell through their website. It's time to reign over Ticketmaster obvious monopoly abuse.
Conor's avatar
@ralx wow! Thank you for sharing. I wonder why WSJ and NYT doesn't make this more obvious in their reporting.
Dissecting the Markets's avatar
I wrote a memo yesterday on LiveNation (link: https://commonstock.com/post/5c7080a7-cb5a-48e9-a332-bf9ac59f69d0 )

TicketMaster and LiveNation have been abusing their monopoly powers in the concert ticket space for years. Bots buying concert tickets has also been an issue. The insane markups that Ticketmaster has been putting on concert tickets for years has been making artists and concert venues jealous and making fans enraged.

It's problems that have been going on for so long that only now, things are exploding. Many Taylor Swift fans like myself hope that the DOJ can solve the abuse of power by these ticketing companies.
Conor's avatar
@dissectmarkets thank you! I’m going to check out your post now.

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