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hackingonempty 13 hours ago

from the NYT: > The jury determined that Ticketmaster had overcharged consumers by $1.72 for each ticket.

I'm already planning what I'm going to do with the $0.20 refund I receive for each ticket I bought.

itopaloglu83 12 hours ago | parent | next [-]

Oh, silly me, that's why a $45 ticket came out to $78 at checkout.

superfrank 4 hours ago | parent | prev | next [-]

Don't forget, you also get a free ticket to go the remaining two members of Def Leppard play a Wednesday night show at a venue 40 miles away!

advisedwang 11 hours ago | parent | prev | next [-]

From AP

> The companies could also be assessed penalties. In addition, sanctions could result in court orders that they divest themselves of some entities, including venues such as amphitheaters that they own.

jfengel 7 hours ago | parent | prev | next [-]

I cannot imagine how they came up with that number. If it were under $2 per ticket it wouldn't have been worth pursuing. This happened because they were taking tens of dollars for no other reason than that there was no alternative.

foolswisdom 6 hours ago | parent [-]

The jury in this case is required to rule by preponderance of evidence (= more likely than not given the evidence). One of the economic experts calculated this number as being overcharged based on internal ticketmaster documentation.

Cases aren't always about the actual problem, they're about what you can prove in court.

tomwheeler 13 hours ago | parent | prev [-]

Sounds about right. The attorneys take $1.52 and leave the victim with $0.20. And then nothing actually happens that would restore a competitive marketplace.

xrd 12 hours ago | parent [-]

Back in my day, the federal government would break up monopolies.

kevin_thibedeau 12 hours ago | parent | next [-]

Used to be they wouldn't allow such mergers to happen in the first place what with the law and all that.

deeth_starr_v 12 hours ago | parent | prev | next [-]

Well, it’s also the courts. The government recently tried to break up Google but the judge refused

dragontamer 12 hours ago | parent | prev [-]

Bidens administration was breaking up Google before Trump came in and stopped the breakup.

Elections have consequences.