Asia stocks: Japan, S. Korea hit record highs amid Fed easing bets; China dips
Investing.com -- Live Nation Entertainment (NYSE:LYV) stock fell 0.75% after the close on Monday following a Bloomberg report that the U.S. Federal Trade Commission is investigating whether its Ticketmaster unit has done enough to prevent automated bots from illegally reselling tickets.
The probe is reportedly in advanced stages and focuses on Ticketmaster’s compliance with laws designed to prevent automated ticket resales. According to people familiar with the matter, the FTC could decide whether to bring a case within weeks, though a settlement remains possible.
If the case proceeds and Live Nation loses, the company could face significant financial penalties. The law allows for potential fines of $53,000 per violation, which could potentially add up to billions of dollars depending on the scope of alleged violations.
The investigation reportedly began during former FTC Chair Lina Khan’s tenure but has gained momentum under the Trump administration.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.