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Donald Trump signs order to target ticket scalping in the presence of Kid Rock
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The executive order signed by President Donald Trump aims to curb ticket scalping by targeting "unscrupulous middlemen". The order directs the Treasury Secretary and Attorney General to ensure that scalpers do not resell tickets at a higher price than their face value. This move has received support from musician Kid Rock, who has expressed his approval for the order, calling it "a great first step".
I didn't know too much about it, but I checked it out, and this is a big problem.
Ticket scalpers use bots and other unfair means to acquire large quantities of face-value tickets, then re-sell them at an enormous markup on the secondary market, price-gouging consumers and depriving fans of the opportunity to see their favorite artists without incurring extraordinary expenses.
There's plenty of money to go around. Nobody's going to lose here.
Scalpers and bots prevent fans from getting tickets at the prices artists set, and we thank President Trump for taking them head-on.
I'm overpaid and would rather be a hero to working-class people by offering lower-priced tickets to my fans.
Anyone who's bought a concert ticket in the last decade, maybe 20 years – no matter what your politics are – knows that it's a conundrum.
sources
perspectives
- 1.US under Donald Trump
- 2.US Economy
- 3.Tech industry
- 4.Regulation
- 5.Social Media
- 6.Monopoly
- 7.Online Retail
- 8.Music industry
- 9.Entertainment
countries
organizations
- 1.Ticketmaster
- 2.Live Nation Entertainment Inc
- 3.US Federal Trade Commission
- 4.US Internal Revenue Service
- 5.White House