“We need to do better and we will,” Joe Berchtold, president of Live Nation, Ticketmaster’s parent company, told lawmakers on Tuesday.
According to Senator Amy Klobuchar, who chairs the US Senate committee on consumer rights, Ticketmaster is responsible for 70% of ticket sales in the US.
“In truth, there is no other choice. It is a monopoly,” she told MSNBC last year.
Regarding the Swift tour, she added: “The high fees, site disruptions and cancellations that customers experienced shows how Ticketmaster’s dominant market position means the company does not face any pressure to continually innovate and improve.”https://www.bbc.com/news/entertainment-arts-64384304
Meta’s ads being found unlawful in the EU is a warning to other ad-funded platforms
“The EDPB binding decisions clarify that Meta unlawfully processed personal data for behavioural advertising. Such advertising is not necessary for the performance of an alleged contract with Facebook and Instagram users. These decisions may also have an important impact on other platforms that have behavioural ads at the centre of their business model,” said EDPB chair, Andrea Jelinek, in a statement.https://techcrunch.com/2023/01/12/meta-ads-gdpr-decisions-edpb/
The FTC moves to ban noncompete agreements
“The freedom to change jobs is core to economic liberty and to a competitive, thriving economy,” FTC Chair Lina M. Khan said. “Noncompetes block workers from freely switching jobs, depriving them of higher wages and better working conditions, and depriving businesses of a talent pool that they need to build and expand. By ending this practice, the FTC’s proposed rule would promote greater dynamism, innovation, and healthy competition.”https://techcrunch.com/2023/01/05/the-ftc-moves-to-ban-noncompete-agreements/