The Real Reason Why Ticket Sites Charge Up to $42,000 For a Taylor Swift Concert Ticket
Presale tickets for Taylor Swift ’s summer tour broke the internet this week—or at least Ticketmaster. The site was swamped with so many Swifties that it intermittently crashed, many users experienced long wait times, and Ticketmaster ultimately canceled the regular sale period slated to begin this weekend. Some fans waited as long as eight hours to purchase tickets initially priced between $73 and $666. Many were disappointed. The frenzy benefited the reseller market—StubHub now offers seats for an April show in Florida ranging from $500 to $42,000 apiece, ABC reported. And some politicians are complaining. Read on to find out why the tickets went so fast, why Rep. Alexandra Ocasio-Cortez is urging that Ticketmaster be broken up, and what Swift fans had to say on social media. 1.”Historically Unprecedented Demand” Tickets for Swift’s Eras tour went so fast because there was “historically unprecedented demand,” Ticketmaster said. The compa...