FTC targets Ticketmaster with $53,000-per-violation fines - here's what traders need to know
Key Points
- Ticketmaster claims to block 200 million bot attempts daily,...
Ticketmaster claims it blocks 200 million bot attempts daily, which sounds impressive until you realize that's like a nightclub bouncer bragging about turning away party crashers while the VIP section is still packed with scalpers charging $500 for $50 tickets.
The Federal Trade Commission isn't buying Live Nation's bot-blocking bravado. They're investigating whether Ticketmaster actually follows the BOTS Act - you know, that law designed to stop automated ticket-buying programs from hoarding concert seats faster than you can spell "Taylor Swift." The stakes? A cool $53,000 fine per violation...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.