Taylor Swift Fan Shakes Off High Ticket Prices, Becomes A Security Guard And Goes Viral
Portfolio Pulse from Chris Katje
High demand for Taylor Swift's Eras Tour tickets caused Ticketmaster's website to crash, leading to an apology from the company and a drop in Live Nation Entertainment Inc's (NYSE:LYV) stock. The incident has drawn attention from Congress and highlights the inefficiencies of the ticket market.
May 25, 2023 | 8:04 pm
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Live Nation Entertainment Inc's stock dropped after Ticketmaster's website crashed due to high demand for Taylor Swift's Eras Tour tickets.
The high demand for Taylor Swift's Eras Tour tickets led to Ticketmaster's website crashing, which resulted in an apology from the company and a drop in Live Nation Entertainment Inc's stock. This negative news directly impacts the company's stock price in the short term.
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