From Barron's and MSN 5-23-24:

Live Nation Entertainment stock was diving Thursday after the ticketing company was hit with an antitrust lawsuit from the Justice Department.

Live Nation shares were down 5.8% at $95.53.

The Justice Department and a group of states said Thursday they would sue the company, alleging the entertainment giant has used its ticketing monopoly to suppress competition.

“We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” Attorney General Merrick Garland said. “It is time to break up Live Nation.”

Read the entire article here:

Live Nation Stock Plunges on Call for Its Breakup. That Taylor Swift Mess Looks Costly. (msn.com)