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FTC Sues Ticketmaster Over ‘Deceptive’ Ticket Pricing Tactics
“American live entertainment is the best in the world and should be accessible to all of us," said the FTC chairman.
The federal regulatory agency says that Ticketmaster is “tacitly coordinating with brokers,” allowing them to buy millions of dollars worth of tickets, just to resell them at a higher cost to the person who actually wants to attend a given concert. A more aggressive posture against Ticketmaster has been in the works since Joe Biden’s presidency, but current leadership at the FTC wants everyone to give Trump credit for this most recent move, which is admittedly an escalation. “President Donald Trump made it clear in his March Executive Order that the federal government must protect Americans from being ripped off when they buy tickets to live events,” FTC Chairman Andrew Ferguson said in a press release.
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