Ticketmaster is being probed by the US Federal Trade Commission over whether it’s done enough to keep bots from illegally reselling tickets on its platform https://t.co/soNlJXD1aa ...

patriots. com to secure your free generator and solar panels now. >> Welcome back to Money Movers, the FTC announcing it will sue ticket reseller Key Investment Group, claiming the company and its affiliates unlawfully purchased and resold tickets for events like Taylor Swift's Eras Tour, generating millions in revenue.The company responding to the suit in a press release, saying in part, the FTC misleadingly characterizes Key Investment Group's use of standard internet browsers to purchase tickets as equiv ...

Legal Action & Allegations - The FTC is suing Key Investment Group for allegedly using illegal tactics to bypass security protocols and purchasing limits, violating the Better Online Ticket Sales (BOTS) Act [1][4] - Key Investment Group allegedly used fake accounts to purchase over 379,000 tickets from Ticket Master for popular events like Taylor Swift's Eras Tour [2] - The FTC alleges Key Investment Group resold the tickets at extreme markups, making millions in profits [2][10] - The FTC claims Key Investment Group circumvented ticket purchase limits by using fake humans and accounts [4] Defense & Counter-Arguments - Key Investment Group argues the case threatens the secondary ticket market and consolidates power in the industry's largest monopoly [2] - Key Investment Group previously sued the FTC, claiming its purchases didn't involve automated software or bots, thus not violating the BOTS Act [6] - The company might argue that finding a way around purchase limits isn't illegal, even if it violates policies [5] Evidence & Discovery - The FTC alleges that for one Taylor Swift concert, Key Investment Group used 49 different accounts to purchase over 200 tickets [10] - The FTC believes it can prove the allegations by showing the accounts were not tied to real individuals, violating Ticket Master's policies [11][12] Market Dynamics & Implications - The secondary ticket market involves companies marking up ticket prices massively [9] - Consolidating ticketing power in a few companies is undesirable, but the secondary market's high markups are also problematic [9]