21–30 of 397 posts
Good. Finally something being done about this venue/ticket cartel
I paid $300 in fees on Sunday for two $365 tickets. Excited to see how this goes.
Who approved the Ticketmaster / Live Nation merger to begin with?
The merger was completed in 2010, so the Obama administration. However, the country was coming out of the great recession and the last thing the administration needed was bad PR for "stopping a merger that would prevent people from losing their jobs".
The second sentence is ridiculous. The Obama administration was pro-monopolist basically across the board for eight straight years. The record is pretty easy to understand.
How bad do you have to be before the Gov files an antitrust suit these days? IE/Netscape bad or this apparently.
Biden admin has been on an antitrust tear. Most of the big tech companies have had cases filed against them.
Earlier quoted context omitted.
I paid $300 in fees on Sunday for two $365 tickets. Excited to see how this goes.
You paid nearly $1k for 2 tickets to a show? To me, you are part of the problem as acting as an enabler for these prices to be seen as acceptable.
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
This is already a solved problem- look at how airline seats are handled.
Earlier quoted context omitted.
The merger was completed in 2010, so the Obama administration. However, the country was coming out of the great recession and the last thing the administration needed was bad PR for "stopping a merger that would prevent people from losing their jobs".
Your first sentence here is correct. The second sentence is ridiculous. The Obama administration was pro-monopolist basically across the board for eight straight years. The record is pretty easy to understand.
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
This is already a solved problem- look at how airline seats are handled.
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
Yes this is basically correct. The lawsuits can also drag out for years. They can be avoided by late changes - for example Microsoft just removed Teams from Office bundles, and will get away with having caused damage to users and competitors for years. Congress has avoided the responsibility of passing new harsher antitrust legislation that simply skips the lawsuits and goes straight to fines.
How would that work? Do you have some example of proposed legislation around this?