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☆ US Grand Prix organizers promised a superstar performer. Now it’s offering to buy back tickets
▼ + stars: | 2024-04-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Similar to a music festival, the Grand Prix has artists perform before the race. Britney Spears, Bruno Mars and Billy Joel are just some of the stars who have performed at the Grand Prix in Austin. He suggested the limited number of general admission tickets that will be released after the announcement of the artist will still be priced below $400. The Grand Prix runs from October 18-20. General admission seating is among the most basic options for a race known for its glitz and glamour.

Persons: COTA, “ Taylor, Swift, ” COTA, Bobby Epstein, Britney Spears, Bruno Mars, Billy Joel, “, ” Epstein, Epstein, “ It’s, ” Organizations: New, New York CNN, Formula, United States, Prix, CNN Locations: New York, Austin , Texas, Austin

☆ A troubling trend is brewing this earnings season. Here is Jim Cramer's remedy
▼ + stars: | 2024-04-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Entering this week, Super Micro was up more than 200% year to date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, We're, That's, Estee Lauder, Wells Fargo, Wells, Jim Cramer's, Jim Organizations: CNBC, Tech, Nasdaq, Micro Computer, Coterra Energy, Club, Constellation Brands, Abbott Laboratories, Dow, Microsoft, Ford Motor, Honeywell International, Verizon, Cadence, GE Aerospace, PepsiCo, RTX, Halliburton, Jim Cramer's Charitable Locations: Wells Fargo, SMCI

☆ Stanley has a plan to stop online chaos and scalpers from ruining its product launches
▼ + stars: | 2024-03-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Stanley cups have been wreaking havoc at Target stores and tearing tween relationships apart. AdvertisementWith Stanley cups stoking utter chaos among desperate Target shoppers (and employees) — and tearing apart middle schools — the brand is looking for ways to calm the fervor around its limited-edition launches. tumbler comes in an "ornate" striped box, according to Stanley, featuring a "rich ganache powdercoat finish" and gold accents. Advertisement"One of our priorities is to prevent bots and resellers from depleting stock meant for our genuine fans," Stanley said. Stanley SVP Matt Navarro told CNN he hopes the changes the company made "provide all consumers with a wider aperture and more user-friendly [online] experience to get the Stanley products they love."

Persons: Stanley, —, tumbler, EQL, they'd, Andrew Lipp, Matt Navarro Organizations: Service, CNN, PMI Worldwide, Nike Locations: Australia

☆ Stanley cup maker has a plan to make its product launches less chaotic
▼ + stars: | 2024-03-01 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

It’s because the Stanley tumbler is arguably one of the most viral products of the moment. So Stanley maker PMI has taken a different approach with its newest limited edition tumbler launch of the much-hyped chocolate and gold Quencher. The new chocolate gold Stanley tumbler. From StanleyOn Tuesday, Stanley unveiled the limited-edition chocolate gold Quencher tumbler on its website. When Target dropped a limited-edition Valentine’s collection of Stanley tumblers in bright pink and cherry red tones in December, the situation wasn’t pretty.

Persons: New York CNN — Stanley, Stanley tumbler, it’s, Stanley, Nike —, ” Andrew Lipp, ”, ” Lipp, William Stanley, Jr, marveled, Stanley tumblers, ” Matt Navarro, Lipp Organizations: New, New York CNN, Stanley, PMI, Nike, CNN, “, Starbucks Locations: New York, Australia

☆ Tesla's backtracked $50,000 resale fee could be a sign the Cybertruck isn't destined for the mainstream yet
▼ + stars: | 2023-11-15 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

The fee could be a sign the Cybertruck might be a smaller release than expected, experts said. AdvertisementTesla's rescinded $50,000 resale fee is the latest sign the Cybertruck won't hit the market in large numbers anytime soon. These restrictions are rare, but they're most commonly used on limited-production vehicles, Stephen Beck, founder and managing partner of consultancy cg42, told Business Insider. "It's really hard to say how many people on the reservation list will actually buy it," Moody told Business Insider. "There will be just as many people who want to work the system to make money as people who want to own this vehicle," Moody said.

Persons: Tesla, —, Elon Musk, Stephen Beck, cg42, Elon, Beck, Musk, Brian Moody, Moody, Ivan Drury, Edmunds, Drury, Ford, John Cena Organizations: Service, Ford GT, scalpers

☆ Can’t Make the Concert? Livestreamers Are Coming to the Rescue.
▼ + stars: | 2023-11-08 | by ( Nell Gallogly | ) www.nytimes.com time to read: +1 min

More artists got back on the road in 2022, yet still hit pandemic-related snags. Bruce Springsteen, Metallica, Drake, Travis Scott, Ed Sheeran, Morgan Wallen, Maluma and Madonna filled arenas and stadiums. Buying concert tickets, however, has become an increasingly complex and expensive endeavor as costs continue to rise and companies like Ticketmaster and SeatGeek battle bots and scalpers. Fans hoping to attend the year’s hottest tours endured a maze of presale registrations, digital waiting rooms and hourslong queues. Those fortunate enough to reach checkout were met with lofty ticket prices — some because of confusing “dynamic pricing” — and additional fees.

Persons: Covid shutdowns, Taylor Swift, Beyoncé, Bruce Springsteen, Drake, Travis Scott, Ed Sheeran, Morgan Wallen, camerapersons Organizations: Ticketmaster

☆ Here’s how Taylor Swift, consumer spending and this puzzling labor market fit together
▼ + stars: | 2023-10-31 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

On several occasions, I would walk into Macy's and buy a tube of lipstick, which was something I found comforting. Considering that every lipstick I own, which is not a small number, is basically the same color, I also found that strange. For instance, rather than purchasing a new $400 dress, they might choose to buy a $35 tube of Lancôme lipstick. Let's look at the top-grossing concert tours in the U.S. this year. Taylor Swift, Beyoncé, and Ed Sheeran have collectively sold $1.48 billion in ticket sales through August 2023, or $2.22 billion on an annualized basis, according to estimates from Forbes .

Persons: Taylor Swift, Ed Sheeran, Elton John, Jessica Reif Ehrlich, Karen Firestone Organizations: Forbes, Bank of America, U.S . Census, National Association of Realtors, Asset Management Locations: Boston, U.S, Pollster

☆ The Real End of David Chang’s Momofuku Ko Happened Years Ago
▼ + stars: | 2023-10-28 | by ( Pete Wells | More About Pete Wells | ) www.nytimes.com time to read: +2 min

It was the restaurant where we first witnessed a frozen torchon of foie gras being shaved to make a mountain of salty pink snow. Where we had our first spoonful of panna cotta that tasted like the milk in the bottom of a bowl of cornflakes. Rational people began to blame their inability to score on nefarious bots and scalpers, a preview of things to come. Behind this was Mr. Chang’s hunch that the paraphernalia of fine dining — not just white tablecloths but maybe even tables themselves — had become clunky and dated. “Cook’s prices,” as Mr. Chang was heard to say.

Persons: panna, Chang, You’ve, Ko, Le Bernardins, Daniels, Jean, Georges, —, . Chang Locations: Tennessee

How to Win the Restaurant Reservation Game Scoring a table in New York can seem impossible, but may be easier than you think. Meanwhile, with just three weeks to go, we’re still on the waiting list, which has grown to nearly 60 names. 3 DAYS OUT The Realist Andrew Harroz, 39, a lawyer in Oklahoma City, and his fiancée get a notification that a 5 p.m. reservation table is open. Let patience pay off Even if a restaurant is fully booked, ask to put your name on a waiting list. It’s not a great night for romance: A couple whose reservation for two included the note “Considering proposing” leave the restaurant.

Persons: Semma, seatings, Resy, Gracie de Souza, “, ”, Jatin Mallakunta, they’ll, Ash Hashmi, Santo Pesantez, we’re, Andrew Harroz, He’s, Pesantez, Roni Mazumdar, Vijay Kumar, Pandya, who’ve, Mindy Kaling, it’s, Nathan G, Christine, Nathan, he’s, ” Christine, Gillian Garcia, Hugo Rodriguez, Rodriguez, they’re, let’s, Trinity, Garcia, Arjun Kallapur, ’, Rouven Chopra, Jana Frauns, ” Mr, Chopra Organizations: Washington , D.C, American Express, YouTube Locations: New York, Semma, Indian, New York City, Greenwich Village, Resy, New Orleans, Washington ,, Manhattan, Santo, Oklahoma City, Oklahoma, Los Angeles, United States, Frankfurt, Germany

☆ Cricket-mad India is hosting the World Cup – and tickets are reselling at astronomical prices
▼ + stars: | 2023-10-13 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

India is hosting the Cricket World Cup over the next two months. Secondhand ticket prices have soared – although some fans say the process to buy them has been poorly-managed. AdvertisementAdvertisementCricket-mad India is currently hosting the sport's flagship event, the ODI World Cup – but fans who want to see the national team play live might have to pay thousands of dollars for the privilege. Tickets are reselling on secondhand marketplaces for sky-high prices, while supporters are complaining that the process to buy seats for marquee games has been poorly managed. AdvertisementAdvertisementThe official website for the World Cup says tickets for future India matches are "coming soon" – even though the Rohit Sharma-led side are slated to take on New Zealand in Dharamsala in just 10 days' time.

Persons: Bloomberg he’d, —, Nikhil Wadhwani, he'd, –, Wadhwani, Rohit Sharma, Taylor Swift, Olivia Rodrigo Organizations: Cricket, Bloomberg, Service, Pakistan's, scalpers, New Zealand, NBA, England Locations: India, Pakistan, Ahmedabad, Mumbai, New, Dharamsala, Australia

☆ Disney's top-selling merchandise line in Asia is this under-the-radar fluffy bear
▼ + stars: | 2023-09-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Duffy and Friends is Disney's top-selling franchise in Asia, having generated $500 million in revenue this year. Duffy, a fluffy bear, was introduced in 2002 with a back story linked to Mickey and Minnie. The revenues include sales from Shanghai Disney Resort, Hong Kong Disneyland, and the Tokyo Disney Resort in Japan. AdvertisementAdvertisementThe back story for the fluffy bear involves Minnie Mouse hand-sewing the stuffed bear to accompany Mickey on a long sea voyage from Cape Cod. Both Duffy and LinaBell can be seen in a Disney video from September 2021, which shows the fluffy bear meeting his new fox friend.

Persons: Duffy, Mickey, Minnie, Mel, LinaBell, there's Organizations: Service, Disney, Shanghai Disney Resort, Tokyo Disney Resort, Walt Disney World, Shanghai, Shanghai Daily Locations: Asia, China, Wall, Silicon, Shanghai, Hong Kong, Tokyo, Japan, Orlando , Florida, Cape Cod

☆ 'Success disasters' have become a big problem in tech for companies and consumers
▼ + stars: | 2023-09-14 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

These technology failures during a major scaling event — dubbed success disasters — weren't alone. Ticketmaster's failure during their scaling event was just one kind of success disaster — the overburdening of the system's capacity. Success disasters may be common, but that doesn't make them acceptable, especially if a company is offering products or services considered essential. The right answer really depends on the starting point and what scaling events are anticipated. Even on a smaller (but still substantial) scale, Urban keeps this in mind to avoid her own success disaster.

Persons: Taylor, SeatGeek, clamoring, —, Spencer Kimball, Kimball, Masa Kabayama, Kabayama, Paula Urban Organizations: Ticketmaster, Labs, Google, Uplift Labs, MLB, NBA, Apple, Houston Livestock, Taylor Swift Locations: onboarding

☆ How Taylor Swift’s Eras Tour Conquered the World
▼ + stars: | 2023-08-05 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +2 min

But Swift has also made each show a news event by adding two “surprise songs,” often with headline-grabbing guests. Music critics have portrayed the Eras Tour as showing Swift at the top of her game as a media-savvy, big-tent talent, a pop star with a knack for grand spectacle as well as the polished artistry of a classic songwriter. Shania Twain, the country-pop star whose career in some ways prefigured Swift’s, caught the Las Vegas stop of the Eras Tour, a 44-plus song production that goes as long as three and a half hours. She praised Swift’s “beautiful balance” of high-tech stagecraft and intimate performance segments. (Swift’s representatives declined to comment for this article.)

Persons: Swifties, Julia Roberts, Aaron Rodgers, Flav, Swift, ”, Taylor Lautner, backflipped, “, ” Lautner, Shania Twain, Swift’s, ” Twain, — Organizations: New York Jets, Las, Ticketmaster Locations: Kansas City, Mo, Seattle

☆ Can I Resell My Taylor Swift Concert Tickets for Thousands of Dollars?
▼ + stars: | 2023-07-05 | by ( Kwame Anthony Appiah | ) www.nytimes.com time to read: +3 min

When people, or their army of bots, buy those lower-priced tickets in order to resell them, they’re abusing that restraint, and reducing the availability of seats at more reasonable prices. But your sister didn’t buy these tickets to resell them. Looming in the future were the tickets I’d purchased to the Taylor Swift Eras tour, intended for my family members and the student. I refused, because if I did so, the student would still be sitting next to us at the concert. (The original ticket was $350 but was now worth over $3,000 on the resale market, as it was much closer to the stage.)

Persons: Swift, didn’t, Taylor Organizations: Manhattan

☆ How Three Taylor Swift Fans Are Sticking It to Ticket Resellers
▼ + stars: | 2023-06-08 | by ( Lane Florsheim | Photographs Brian Finke For Wsj. Magazine | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Why bots make it so hard to buy Nikes
▼ + stars: | 2023-06-01 | by ( Sydney Boyo | ) www.cnbc.com time to read: +3 min

Sneaker bots can accelerate the checkout process, wait in a virtual line or even fill out billing information. Sneaker bots took off in 2012, when Nike released its Air Jordan Doernbecher 9 shoes on Twitter. According to Nike, bots can make up to 10% to 50% of entries depending on demand. "People are successfully able to still bot Nike SNKRS," said Nova. Watch the video to learn more about sneaker bots and how companies like Nike are handling them.

Persons: They're, Nova, Jesper Essendrop, Essendrop, Imperva, Paul Tonko, Richie Roxas, I'm, Travis Scott Organizations: scalpers, Cowen Research, Nike, Jordan, Twitter, YouTube, Adidas, Air Jordan, CNBC Locations: Olive

☆ The agony and ecstasy of scoring last-minute face value Taylor Swift tickets
▼ + stars: | 2023-05-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

“My family [last weekend] took the gamble to drive down the 5 hours to Nashville to see if we could get face value tickets,” she said. Another Twitter account called @ErasTourResell, which has 120,000 followers, has gained significant traction working with resellers who want to sell their tickets at face value. The trio of twenty-somethings aim to make Swift tickets as accessible to fans as possible without them overpaying or getting scammed. “So far we’ve posted somewhere between 2,700 and 3,000 tickets, all for face value,” the trio said in a DM conversation on Twitter. “It’s truly so rewarding seeing these tickets go to real fans for face value when the resale market has insane prices with people making three times the profit.

☆ I paid a stranger on Facebook $1,545 for tickets to Taylor Swift's 'Eras Tour.' Here's how I avoided getting scammed.
▼ + stars: | 2023-05-09 | by ( Joni Sweet | ) www.businessinsider.com time to read: +9 min

But like many Swifties, I never got access to Ticketmaster's disastrous presale for the Eras Tour. I posted on a Taylor Swift ticket-selling Facebook groupI turned to Facebook after I didn't hear back from several sellers on Twitter. Joni SweetMy search for Taylor Swift tickets started on Twitter. I had come across @ErasTourResell, an account which connects hopeful concertgoers with people selling their Eras Tour tickets for face value. I searched for terms like "Taylor Swift resell" and "Eras Tour tickets" and joined a few groups that came up.

☆ Live Nation posts $3.1 billion revenue and record attendance despite controversies Live Nation posts $3.1 billion revenue and record attendance despite controversies
▼ + stars: | 2023-05-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Live Nation posted a record $3.1 billion in revenue – up 73% from last year – in the first quarter of 2023, despite possible regulation and tremendous fallout from botched Ticketmaster sales for the Taylor Swift Eras tour. In an earnings release, the ticket-industry giant said over 19 million people attended events across 45 countries in the first quarter. In a single day last November, more than two million Taylor Swift tickets were sold on Live Nation’s Ticketmaster, a record for any artist. Live Nation stock rose about 15% on the news, to close at about $77 a share. Congressional hearingsLawmakers grilled Live Nation president and CFO Joe Berchtold in a three-hour hearing in January, alleging the ticketing giant wields too much monopolistic control over the industry.

If you're looking for where to buy the RTX 4070 today, we're here to make your search much easier. Check RTX 4070 stock now: USA | UKIn the world of PCs, there are few products more valuable than an Nvidia RTX graphics card. Take a look below to see links to stores to where we'll be looking out for RTX 4070 stock. Once it releases on April 13, you'll be able to buy a GeForce RTX 4070 from a variety of electronics stores, including Best Buy and B&H Photo Video. Every RTX 4070 purchase also comes bundled with a free Overwatch 2 Ultimate Battle Pass, and 1,000 Overwatch 2 coins.

☆ The problem with home-flipping giants
▼ + stars: | 2023-03-01 | by ( Aj Latrace | ) www.businessinsider.com time to read: +9 min

Meanwhile, the corporate scalpers of the housing market — companies that buy and relist homes by the thousands without doing much, if any, work on them to make a profit — are struggling. Last week, two of the biggest remaining corporate home-flipping companies, Opendoor and Offerpad, reported dismal earnings, another sign that their business model is incredibly risky. Kelman also said one "problem is that iBuying is a staggering amount of money and risk for a now-uncertain benefit. At its core, the main business model of home-flipping firms doesn't create a ton of immediate value. Opendoor, Offerpad, and other companies that rushed to purchase homes are now discounting the asking prices of those homes to get them off their books.

☆ Live Nation shows why concert tickets aren't going down anytime soon
▼ + stars: | 2023-02-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

We kicked around the idea of going, until someone said that ticket prices were likely $1,000 and up for the sold-out event. Ticket seller Live Nation on Thursday reported astonishing numbers: fourth quarter revenues at $4.29 billion were up about 60%, well north of the $3.6 billion expected. Live Nation said this reinforced "the global nature of untapped fan demand and the opportunities we have for growth." Regarding the high ticket prices, Live Nation addressed the problem directly:"We believe that greater transparency on the entire ticketing ecosystem will improve the industry, and we have been engaging with policymakers to advocate for reforms. Live Nation made several suggestions to combat this, including that artists should decide resale rules.

WASHINGTON, Feb 3 (Reuters) - Ticketmaster is preparing to sell tickets for Beyonce's first tour in six years in a different way, hoping to avoid a repeat of last year's Taylor Swift debacle. Ticketmaster tweeted on Thursday that the demand to register for a chance to buy tickets for concerts in the nine cities in Group A, whose registration closed on Friday, exceeded the number of tickets by more than 800%. The North American leg of Beyonce's tour opens in Toronto on July 8 and closes in New Orleans on Sept. 27, according to the Ticketmaster website. After loud complaints from Taylor Swift fans, the company blamed more than 3.5 billion requests from fans, bots and scalpers for its overwhelmed website. On Thursday, the Judiciary Committee retweeted a news report about the Beyonce tour announcement and tweeted to @Ticketmaster, "We're watching."

☆ Ticketmaster-parent exec to blame 'industrial-scale ticket scalping' in testimony
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 24 (Reuters) - The president of Ticketmaster parent Live Nation (LYV.N), Joe Berchtold, is expected to testify on Tuesday before Congress that "industrial-scale ticket scalping" was to blame for the company's problems late last year in managing the sale of Taylor Swift concert tickets. Ticketmaster, which has been unpopular with fans for years, has drawn fresh heat from U.S. lawmakers over how it handled ticket sales for Swift's "Eras" tour, her first in five years. Experts say that Ticketmaster commands more than 70% market share of primary ticket services for major U.S. concert venues. In November, Ticketmaster canceled a planned ticket sale to the general public for Swift's tour after more than 3.5 billion requests from fans, bots and scalpers overwhelmed its website. A previous Ticketmaster dispute with the Justice Department culminated in a December 2019 settlement extending the consent agreement into 2025.

☆ Live Nation exec will face lawmakers about Taylor Swift concert tickets fiasco
▼ + stars: | 2023-01-24 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +7 min

“It goes without saying that I’m extremely protective of my fans,” Swift wrote on Instagram in November. The mergerCriticism of Ticketmaster’s dominance dates back decades, but the Swift ticketing incident has once again turned that issue into a dinner table discussion at many households. Concert promoter Live Nation and ticketing company Ticketmaster, two of the largest companies in the concert business, announced their merger in 2009. ‘Customers are the ones that pay the price’While irate fans were left scrambling to wade through the Swift ticket confusion, their collective anger caught lawmakers’ attention. To me, what happened with the Swift concert tickets was not necessarily the result of Ticketmaster being the dominant player in the industry,” he said.

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