Ticketmaster has a system called Dynamic Pricing, which uses an algorithm to predict the demand for any given ticket. It seems like Dynamic Pricing was not used for this Taylor Swift tour. The higher prices at the outset, the less margin that a ticket scalper is going to be able to make on the sale of that ticket.
It’s me, Ticketmaster. I’m the problem, it’s me.
This episode was produced by Amanda Lewellyn, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
This episode features a fun Taylor Swift parody courtesy of Miranda Hardy and Liz Larkin on TikTok @MirandaHardyMusic.
Transcript at vox.com/todayexplained
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