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CheapTickets was founded in 1986 in Honolulu, Hawaii, by Michael and Sandra Hartley when inter-island carrier Mid Pacific Air gave 3,000 tickets to Hartley's employer at the time, advertising firm Regency Media, as payment for its services at the time Regency closed its Honolulu branch.
Later, these tickets are often resold on third-party sites for profit at a markup over face value, or at a loss. This activity is also referred to as ticket scalping. The BOTS Act outlawed the resale of tickets purchased using bot technology and set a fine of $16,000 for violations of the act, which is enforced by the U.S. Federal Trade Commission.
Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets).
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
For our look at Packers' tickets prices, we average the lowest ticket prices at 11 secondary-market websites: Event USA, Gametime, Green Bay Ticket Service, SeatGeek, StubHub, TicketIQ, Ticket ...
Get lifestyle news, with the latest style articles, fashion news, recipes, home features, videos and much more for your daily life from AOL.
The Internet was supposed to make life easier, but the speedy and vast proliferation of available Web tools has only created confusion. Travel is one of the most head-spinning areas, where ...
This page was last edited on 1 September 2023, at 19:16 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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