Money News: Ticketmaster Trouble, Alaska Airlines Merger, GDP Updates and More

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 6 December 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how the Department of Justice is tackling the ticketing industry — and what it could mean for buyers and sellers. Before focusing on Congress’ latest ticketing industry crackdown, hosts Sean Pyles and Anna Helhoski discuss the IRS' delayed online seller rule, a revision to Q3 GDP figures, a new survey on money and happiness, the merger between Alaska Airlines and Hawaiian Airlines, and self-serve airplane snacks. Get ready for an episode that dissects the struggle for fair ticket prices and the potential consequences of a ticketing market in need of change. Then, Sean and Anna explore the chaotic world of concert ticketing, focusing on an investigation by Congress and the Justice Department into Live Nation Entertainment. They unpack the sky-high prices and dive into class-action lawsuits that Swifties and other concertgoers have leveled in recent years before explaining what could happen next. In their conversation, the Nerds discuss: personal finance, news roundup, form 1099-K, ticketing industry investigation, Congress, the Justice Department, Ticketmaster, Live Nation Entertainment, high prices, lawsuits, IRS, digital payment processors, Q3 GDP, money and happiness survey, airline mergers, self-serve snacks, finance news, Congress investigation, event ticketing, fees, Biden Administration, and transparency of fees for event ticketing. If you’re looking for an app to track all your money in one place, then check out the free NerdWallet app: https://nerdwallet.com/app To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:32.8	Welcome to NerdWallet's Smart Money Podcast.
0:35.5	I'm Sean Piles.
0:36.6	And I'm Anna Halhouski. And this is our weekly
0:39.5	personal finance news roundup, where we take a look at recent developments in the world of money
0:44.2	and then go in-depth on an issue that's important to your life and your bottom line.
0:49.4	Today we're talking tickets, specifically concert tickets. If you're a Swifty who spent hours online or on the phone
0:56.1	about a year ago trying to get access to the Eros tour, you know that things didn't go smoothly.
1:01.5	And that's an understatement. Both Congress and the Justice Department are investigating the
1:06.8	ticketing industry. And we're going to look at what that might mean for your wallet. But first, a few money headlines from the last few days.
1:16.3	So, Sean, the IRS has changed its mind.
1:19.8	I don't have to pay taxes this year.
1:22.8	Not quite.
	...

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