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by notlefthanded
3218 days ago
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I can't help but think that if an IPO went like this, and the share price ballooned after colo'd bots scooped up the cheap shares, people would be up in arms about the company leaving money on the table. Just the people in this case are the artists, who traditionally get screwed anyways. And ticketmaster doesn't have the same incentive for accurate pricing. Also there's social stigma of money being the gatekeeper to fun/cultural things. |
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TBH, I've never really understood this argument. Unless the argument is that the artist is being forced to set a lower face value, if all the tickets are sold at face value and scalped, the artist is getting exactly what they would have budgeted for.
So, are you saying the artist is being forced to sell the tickets at a price that's below what the market will bear?