Connect with us

Hi, what are you looking for?

Fibonacci Tech News

House passes bill that would make ticket sellers show total prices upfront

Photo by David Gray / AFP via Getty Images

The House passed the TICKET Act 388-24 on Wednesday, which would force ticket sellers to show consumers total prices (including fees) upfront and guarantee refunds when events are canceled or postponed.

The bill would still need to pass the Senate and be signed by the president to become law, but the overwhelming support in the House is a positive sign. The legislation comes after the Ticketmaster fiasco around Taylor Swift’s Eras Tour tickets, where the ticket-selling platform canceled general sales after high demand it later partially blamed on bots. That prompted lawmakers to haul its top exec from its parent company, Live Nation, into a hearing. In the wake of the disaster, The New York Times reported that the Department of Justice…

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...