Ticket brokers, robots, and the free market
Both the New York Times and Wall Street Journal posted stories this weekend about ticket brokers.
Ticketmaster has sued a Pittsburgh-based company, RMG Technologies, for providing software that allegedly enables brokers to bypass Ticketmaster's online security provisions and snap up all the good tickets minutes after they go on sale. Brokers then turn around and sell these tickets for a hefty profit on sites like StubHub or Craigslist. Both stories quote Chris Kovach, a former broker who was originally named in Ticketmaster's suit, but settled with the company. He claims that he used RMG's software to buy … Read more