4 ms·

Maybe that is what we need in US too. Matt Haney is trying to do something with AB 1720 (Resale Price Cap), and Ticketmaster is supporting it. https://leginfo

by llsf 4mo ago

Maybe that is what we need in US too. Matt Haney is trying to do something with AB 1720 (Resale Price Cap), and Ticketmaster is supporting it. https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1720 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml... I am not sure why a bill would set some magic and arbitrary percentage other than 0%. This has likely be negotiated with the industry.

llsf 4mo ago
Thinking more on those 10% cap, it would allow scalpers to sell the original ticket to themselves, over and over, to eventually reach the price of the market. Unless Ticketmaster takes a significant proportional bite at every resell, nothing prevents scalpers to triple the price of the original ticket, but reselling in a loop.