Justice Department to file antitrust suit against Live Nation

Re:Justice Department to file antitrust suit against Live Na... by hervature on Tuesday April 16, 2024 @06:37PM (#40058152)

The scalper is trading volatility (they may or may not sell the ticket for a higher price) for the opportunity of a return. The venue is getting the opposite side of the deal. Guaranteed income now.

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Re:Justice Department to file antitrust suit against Live Na... by crabmusket on Tuesday April 16, 2024 @09:26PM (#40059407)

But if, on average, scalpers didn't get their payout, then they wouldn't take the risk right? Unless scalpers as a class are economically irrational?

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Re:Justice Department to file antitrust suit against Live Na... by JumpCrisscross on Tuesday April 16, 2024 @10:09PM (#40059673)

> if, on average, scalpers didn't get their payout, then they wouldn't take the risk

The point is they can get their pay-out while the venue/artist and consumers win. Scalper gets paid. Venue and artist get stability. Consumer who buys from the scalper gets availability. And the other 90% of consumers get cheaper prices.

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Re:Justice Department to file antitrust suit against Live Na... by crabmusket on Wednesday April 17, 2024 @12:40AM (#40060483)

I see, I guess that makes sense in theory.

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