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by dvcrn
3586 days ago
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Reminds me of viagogo a bit, a ticket 'second hand' reselling website. Through some undercover investigations (https://www.youtube.com/watch?v=WWlnL8drSdw) it turned out that they are only partly a second hand site but have a stack of credit cards and buy out most of the ticket stock available to resell it with crazy margins. It went so far that ticketing companies even gave them ticket stock for re-selling with a high margin to get a higher cut of the ticket sale. This especially happens for very popular concerts where the demand is high and people are willing to pay. |
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