FTC, Taylor Swift and Ticketmaster
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Besides being American icons, chart toppers and stadium packers, what do Taylor Swift and Bruce Springsteen have in common? Well, the spectacular songwriter thing aside, both the Boss and the self-styled Showgirl are at the heart of a new Donald Trump-fueled lawsuit filed by the Federal Trade Commission today to put the kibosh on resale
The Federal Trade Commission claims that KIG bought over 379,000 tickets – worth around $57 million – in just over one year, and resold them at a ‘significant markup’ for $64 million
The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift's Eras tour and resell them at a markup,