Live Nation (LYV) can’t catch a break. Week after Justice Department lawsuit, the parent company confirms Ticketmaster data breach

    https://www.npr.org/2024/06/01/nx-s1-4988602/ticketmaster-cyber-attack-million-customers

    Posted by kylestoned

    16 Comments

    1. Thelast-Fartbender on

      I would assume data breaches aren’t great in general… but for a company like Ticketmaster, where there is little alternative (and ignoring the pending lawsuit), why would investors be bearish on this? As long as the company doesn’t pay ransomware, do they even care? It’s not like if people are going to *not* use TM… there’s nothing else!

      What are some of the recent databreaches examples in terms of effect on stock price?

    2. AdPurple4902 on

      Is this the fall of Live Nation? A long dated puts play could be a good idea this early on

    3. Maybe they can’t catch a break …

      But they can sure as fuck catch these hands

    4. Trash_Panda_Trading on

      Tried and lost playing puts on these fuckers since the deaths at the Travis show. Regardless of the shit news, it’s resilient. Be careful.

    5. This is just to a excuse for them deleting as much incriminating evidence as possible.

    6. Toothlesskinch on

      These guys are going to get split apart.
      1. It’s politically popular
      2. The merger should have never happened in the first place.
      3. The artists fucking HATE dealing with them on every level. The minute this starts looking like a reality a whole lot of big names are going to start showing support.
      4. The company is run by a bunch of sloppy thugs. Their tacticts are loud, extreme and on paper with ever agency, venue and manager out there.

      Long time coming and the best thing that could happen for music in a long time.

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