FTC and the seven states prosecution The owner of Ticketingmaster Live Nation on Wednesday. the suit The company was accused of intentionally allowing mediators to purchase tickets in large quantities. It is claimed that Ticketmaster allows them to re -sell tickets with a great description in its used market.
The company, which claims FTC, has realized that the sellers have routinely exceeded its security measures for these purchases. The company benefits three times from resale. The fees are collected when the initial purchase, followed by the buyer’s fees and the seller upon resale. Between 2019 and 2024, Ticketmaster made $ 16.4 billion as fees, according to FTC.
The agency draws a picture of the company that embodies the bridge of companies. FTC claims that the Live Nation internal review is that five sellers alone won 246407 tickets to 2594 event. The agency accused Ticketmaster of acceptance in an internal email of “turning (s) into the eye of the eye as a political issue.”
It is said that the company provides even technical support to mediators through Tradedesk program. The program is designed to unify and manage tickets purchased through multiple Ticketmaster accounts.
Ticketmaster claims that the third -party identity verification tools that could have prevented wholesale purchases. Why? FTC quotes the company saying that these tools were “very effective”. The company is also said to have confessed to engaging in deceptive prices. Their alleged cause: customers were less likely to buy tickets when they were I saw the actual cost in advance.
FTC accused the living nation of violating two laws: FTC’s ban on deceptive practices and robotics law. It was the last President Obama signed it in 2016Before leaving the office directly. As his name suggests, he prohibited the use of robots or other programs to get more tickets than legally permitted. Earlier this year, President Trump Release Executive order to increase law enforcement.
The lawsuit was filed in the Central Central Province Court in California. Join FTC in the lawsuit is Virginia, Uttah, Florida, Tennessee, Nebraska, Illinois and Colorado.
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