In a letter to two lawmakers, Live Nation’s (LYV) Ticketmaster says it will ban users from operating multiple accounts and shut down its TradeDesk platform after an FTC lawsuit, Billboard’s Dave Brooks reports. Ticketmaster will now limit every entity, including professional resellers, to a single verified account, and each resale account will require a unique taxpayer ID, and excess accounts will be canceled, according to the report, which adds that Ticketmaster will deploy new AI tools and identity verification to identify fake or duplicate accounts and remove unauthorized users.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Live Nation Entertainment: Strong Growth Potential and Attractive Valuation Amidst Regulatory Challenges
- Live Nation Launches $1.3 Billion Convertible Notes Offering
- Live Nation announces $1.3B offering of convertible senior notes due 2031
- Live Nation appeal to Supreme Court rejected
- Live Nation price target raised to $190 from $180 at Benchmark
