'Live Nation Stock Hammered by Taylor Swift Ticket Sales
Hammered by Taylor Swift Ticket Sales
Live Nation,
the music promotion giant that is parent company of Ticketmaster, saw its shares dropped nearly 8%
21, as anecdotal
reports spread of fans facing technical nightmares in trying to get into queues for a
Ticketmaster’s advance
pre-sale registration system was so overloaded as to malfunction
That left
millions of fans angrily left empty-handed and shaking their fists at screens
Swift shared
her anger at the situation as well, telling fans via Instagram that she was upset
“It’s really
difficult for me to trust an outside entity with these relationships and loyalties, and
But she
indicated that her team inquired in advance of the sale if “they could handle this
Ticketmaster has
long faced criticism and scrutiny of its business practices and the fees added on to
In the
1990s, the service had a long-running feud with Pearl Jam over the issue
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