Comment on What Ticketmaster Doesn't Want You To Know: Concerts Were Cheap For Decades
Knock_Knock_Lemmy_In@lemmy.world 2 months agoThe most expensive tickets that get resold on ticketmaster are typically purchased by LN and then resold at the “normal” price. Yes, LN is losing money doing this.
I don’t think LN are losing money doing this. They are artificially rasing prices for the real people buying platinum tickets without any additional costs.
SirQuackTheDuck@lemmy.world 2 months ago
If this is true, they’re effectively creating demand by removing a large set of seats from the initial offering pool. This means they can say “tickets are selling fast”, without lying if you include that they’re just referring to the set on sale right now, not the total number of tickets.
This does smell like false advertising though, but I wouldn’t put it past the cracked US legal system for this to be totally legal.