The economics behind farewell tours
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 1 December 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
The band Kiss will play what it’s calling its last ever show this weekend in New York City. Thing is, the band has said farewell before — on a tour more than 20 years ago. Turns out, saying (or kissing) goodbye is a big business. Also on the show: Meta’s lawsuit against the FTC, a big month for bonds and a fund for climate change impacts.
Transcript
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| 0:00.0 | Hi, it's Sabrie Beneschoor with Marketplace. |
| 0:02.3 | Are you looking for a way to show off your love of Marketplace this winter? |
| 0:05.7 | Well, look no further. |
| 0:07.0 | We've got Marketplace hoodies, beanies, mugs, and new Marino wool socks. |
| 0:11.7 | Stay cozy this winter while making it clear that you |
| 0:14.7 | support public service journalism check out all of our thank you gifts and make |
| 0:19.1 | your year-end donation now at market.org. Donate. |
| 0:24.0 | The feds and the power to regulate social media. |
| 0:28.5 | I'm David Brancaccio from Washington, D.C. today the Federal Trade Commission wants to bar meta platforms |
| 0:35.1 | from profiting from data collected on miners. Now in turn, Meta, the Facebook-instagram |
| 0:40.6 | parent firm, is suing the FTC for allegedly violating the |
| 0:44.8 | Constitution. The case is another challenge to the powers of federal agencies |
| 0:48.8 | in general which the Supreme Court justices this week seemed to prepare to limit Marketplace's Nova Safo, he's here with more. |
| 0:56.0 | Yeah, Meta's lawsuit is challenging the use of administrative law judges, David. |
| 1:01.0 | These are in-house independent judges that decide civil matters at federal agencies. |
| 1:06.7 | Now in this case, at the Federal Trade Commission, it's a question of whether the FTC can reopen |
| 1:11.8 | a consent agreement from three years ago in which Meta paid a |
| 1:15.2 | record five billion dollar fine for privacy violations. |
| 1:18.6 | The FTC is claiming that Meta is not fully complying with that agreement and has violated promises to secure the privacy |
| 1:24.7 | of its younger users. |
| 1:26.2 | The agency wants to make changes including barring some data collection through virtual |
| 1:29.9 | reality and imposing limits on face recognition technology. |
... |
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