Taylor Swift’s ticketing fiasco shows vulnerability of investing in a monopoly
Wong Pei Ting
INTERNATIONAL concert dates for singer Taylor Swift’s Eras Tour have yet to be announced. But as a closet Swiftie (what her fans are known as), I have been following her ticketing troubles with hopes that these will be resolved before it is my turn to join the queue.
Meanwhile, my colleagues are discussing investing opportunities from this debacle – with one suggesting that a purchase of shares in a ticketing company with a dominant market position might return enough for me to buy a concert ticket when the time comes.
After some analysis, however, I think I’m not quite ready to part with my money. Market-dominant companies do not always outperform, and rising antitrust sentiment poses a substantial risk.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital