Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Ticketmaster’s Taylor Swift ticketing fiasco might have just led to a lawsuit from the DOJ

Photo by Ashok Kumar / TAS24 / Getty Images for TAS Rights Management

The Department of Justice is preparing to file an antitrust lawsuit against Ticketmaster parent company Live Nation, according to a report from The Wall Street Journal. The lawsuit could reportedly come as early as next month and will target the company’s alleged monopoly in the live ticketing industry.

Live Nation drew antitrust scrutiny when it merged with Ticketmaster in 2010. But those concerns boiled over in November 2022 when a Ticketmaster crash blocked thousands of Taylor Swift fans from purchasing tickets for the Eras Tour due to “unprecedented demand.” The DOJ opened an investigation into Live Nation shortly after, The New York Times reported.

Lawmakers also levied heavy criticism against the ticketing company, with Sen. Amy…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...