'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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