Taylor Swift "secretly rejoices" at the new order: Mr. Trump "suppressed" the ticket market?

Recently, former President Donald Trump's new executive order on controlling ticket speculation is causing a stir in public opinion. Experts believe that this regulation will bring great benefits to Taylor Swift .

US President Donald Trump has just signed an executive order to tighten control over ticket speculation, a long-standing pressing issue in the entertainment industry. This is supported by a large number of fans, especially Taylor Swift's fans.

Trump's executive order is aimed at preventing middlemen from inflating ticket prices. The president directed Attorney General Pam Bondi and Treasury Secretary Scott Bessent to coordinate with the Internal Revenue Service to ensure that anyone who sells tickets at a high price that exceeds the actual value is subject to federal fines.

The order also requires the Federal Trade Commission (FTC) to ensure "price transparency at every stage of the ticketing process" and "take enforcement action to prevent unfair, fraudulent and anti-competitive practices in the secondary ticket market."

Trump said this was to "restore sensitivity and order to the ticket market" that is increasingly being lost by intermediaries and automated ticketing bots.

The signing of the decree took place in the Oval Office, with the participation of rock singer Kid Rock. The male rocker strongly supports Mr. Trump's signing of this executive order. Kid Rock thinks that anyone who has bought concert tickets in the past decade has been puzzled. The situation of ticket price queues even dates back a few decades.

"When you choose to buy a ticket to see a concert for 100 USD, at the time of payment, it is 170 USD. No one understands why the ticket price has increased. The situation is underestimated because fans are willing to spend large amounts of money to meet idols, sometimes wearing more than 400-500% of the listed price," Kid Rock said.

During Joe Biden's last term, the Justice Department sued Ticketmaster and its parent company Live Nation Entertainment for operating an illegal monopoly, distorting the market and unreasonably inflating ticket prices. The lawsuit asks the court to circumvent this system in order to facilitate fair competition.

Earlier, according to Variety on February 5, the Queens District Attorney's Office, New York , announced that authorities arrested two hackers Tyrone Rose, Shamara P. Simmons, last Thursday. Both were charged with serious theft, computer theft, and conspiracy to commit a crime. Rose and Simmons stole 993 concert tickets for Taylor Swift, Ed Sheeran, Adele and major events from online bookings on the StubHub ticketing platform.

According to USA Today, the problem of hackers attacking the ticketing system took place recently. In May 2024, entertainment company Live Nation discovered "unauthorized activities" in a third-party cloud database containing data from the Ticketmaster platform. At that time, the business was investigating a cybercrime group that collected information from more than 500 million Ticketmaster users.

In addition, many viewers are scammed out of money when looking for intermediate tickets. According to The Guardian in April 2024, Lloyds Bank in the UK counted more than 600 customers who reported being deceived when buying tickets to Taylor Swift's show - more than any other artist. On average, each audience loses 332 pounds (10.5 million VND), in some cases up to more than 1,000 pounds (31.6 million VND). 90% of N.Han victims transact with accounts of unknown origin on Facebook.

In 2022, Taylor Swift's The Eras Tour had serious problems in ticket sales. They are forced to pay exorbitant prices on the black market.

Ticketmaster publicly apologized at the time: "We apologize to Taylor and all her fans, especially those who had a bad experience trying to buy tickets." The company said the system was overwhelmed by demand far outstripping supply, forcing them to cancel the next public ticket sale for the tour.

With millions of fans worldwide and huge sales, Taylor Swift's Eras Tour is a typical example of the uncontrolled ticket market seriously affecting the audience.

Trump's executive order is said to open up hope for a more transparent market. If that happens, Taylor Swift and her fans will benefit the most.

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