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from the NYT: > The jury determined that Ticketmaster had overcharged consumers by $1.72 for each ticket. I'm already planning what I'm going to do with the $0
by hackingonempty 6mo ago
from the NYT:
> The jury determined that Ticketmaster had overcharged consumers by $1.72 for each ticket.
I'm already planning what I'm going to do with the $0.20 refund I receive for each ticket I bought.
- tomwheeler 6mo agoSounds about right. The attorneys take $1.52 and leave the victim with $0.20. And then nothing actually happens that would restore a competitive marketplace.
- xrd 6mo agoBack in my day, the federal government would break up monopolies.
- deeth_starr_v 6mo agoWell, it’s also the courts. The government recently tried to break up Google but the judge refused
- kevin_thibedeau 6mo agoUsed to be they wouldn't allow such mergers to happen in the first place what with the law and all that.
- dragontamer 6mo agoBidens administration was breaking up Google before Trump came in and stopped the breakup. Elections have consequences.
- itopaloglu83 6mo agoOh, silly me, that's why a $45 ticket came out to $78 at checkout.
- advisedwang 6mo agoFrom AP > The companies could also be assessed penalties. In addition, sanctions could result in court orders that they divest themselves of some entities, including venues such as amphitheaters that they own.
- jfengel 6mo agoI cannot imagine how they came up with that number. If it were under $2 per ticket it wouldn't have been worth pursuing. This happened because they were taking tens of dollars for no other reason than that there was no alternative.
- foolswisdom 6mo agoThe jury in this case is required to rule by preponderance of evidence (= more likely than not given the evidence). One of the economic experts calculated this number as being overcharged based on internal ticketmaster documentation. Cases aren't always about the actual problem, they're about what you can prove in court.
- superfrank 6mo agoDon't forget, you also get a free ticket to go the remaining two members of Def Leppard play a Wednesday night show at a venue 40 miles away!