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Motley Fool Money

The Other Business Stories Catching our Attention

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 24 December 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

See more music, talk to strangers, play more games. Ricky Mulvey, Mary Long, and Asit Sharma take a look at the business-adjacent stories that caught their attention over 2024. They discuss: - The rise of concert ticket prices. - Why companies trying to solve the loneliness epidemic are in a difficult business. - The implications of widespread sports gambling. And a heads-up, Motley Fool Money returns on Friday, December 27. Companies mentioned: LYV, MTCH, BUMBL, GRND, DKNG, FLUT Host: Ricky Mulvey Guests: Mary Long, Asit Sharma Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Let's go a little bit outside of market news.

0:07.4

It's almost Christmas.

0:08.6

You're listening to Motley Fool Money.

0:13.9

Awesome, Mary.

0:14.7

It's Christmas Eve.

0:15.8

So we're going to do some lighter topics.

0:17.8

We're not just doing market news today.

0:19.2

So I thought we could do some business adjacent stories that have just kind of caught our attention this year,

0:25.1

ones we've been thinking about and have a little bit of a looser, motley, full money than we

0:30.6

normally do. I set this so I go last if we get to it at all. But I'm going to go with the

0:36.2

analyst who thinks more about money and finance and stocks. So I'm going to go with the analyst who thinks more about money and finance

0:38.7

and stocks. So I'm going to go with Osset. Osset, what is your business adjacent story that you've

0:43.9

been thinking about this year? Well, Ricky, the three of us love music so much. And sometimes

0:50.2

we need to get on and tape a show. We're still talking about bands and concerts.

0:55.0

So I was thinking about this, leading up to this last, one of our last episodes of the year,

1:01.0

I've been wondering about the price of tickets for concerts. Back of the napkin math here, but the average ticket price to see Taylor Swift this year works

1:12.0

out to about 200 bucks. Now, back in the 70s and 80s, to go to a high demand concert, the price

1:19.7

was much less, like $10. Now, we do have to adjust that for inflation, but even when you

1:26.0

plug this through an inflation calculator, it looks like

1:28.8

folks used to pay about $50 to go to a big name concert back in the day. So my question to start

1:35.5

out for the two of you is, why the heck do ticket prices cost, in some cases, quadruple what they did

1:42.6

30 or 40 years ago.

...

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