Amazon's Betting Big on This Unknown AI Company

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

TRISHA AHMED
May 07, 2024

MINNEAPOLIS (AP) -- People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.

The law, prompted by the frustration a legislator felt at not being able to buy tickets to Swift's 2023 concert in Minneapolis, will require ticket sellers to disclose all fees up front and prohibit resellers from selling more than one copy of a ticket, among other measures. The law will apply to tickets purchased in Minnesota or other states for concerts or other live events held in Minnesota.

Walz signed House File 1989 -- a reference to Swift's birth year and an album with that title -- at First Avenue, a popular concert venue in downtown Minneapolis.

"Never in my wildest dreams did I imagine that we would be at a bill signing for House File 1989 at First Avenue," Democratic Rep. Kelly Moller, chief author of the bill, said.

Moller was among thousands of people who became stuck in ticket sales company Ticketmaster's system after it crashed in 2022 amid the huge demand for Swift concert tickets and attacks from bots, which tried to buy tickets for resale at inflated prices. The situation led to congressional hearings but no federal legislation.

Supporters of Minnesota's new law say the state joins Maryland as among the few states to pass protections for ticket buyers into law.

Ticketmaster did not immediately respond to a request for comment on the new Minnesota law. Taylor Swift's media team also did not respond.

Jessica Roey, a spokesperson for StubHub, said in an email, "StubHub has long advocated for legislation that protects fans from anti-competitive and anti-consumer practices in the ticket buying process. We share the goals of HF1989 and look forward to continuing discussions with policymakers to advance policies that provide more transparency, more control, and more choice for ticket buyers."

Walz, a Democrat, said the new law is "protection so you don't get a bad ticket, a fraudulent ticket, and resellers can't snatch them all up before you get an opportunity."

Two young girls -- one wearing a shirt that said "A LOT going on at the moment" in a nod to Swift, and another wearing a shirt that said "Iowa 22" in reference to basketball star Caitlin Clark -- attended the bill signing with their dad, Mike Dean, who testified in support of the bill this year.

Dean said his daughter "came to me in December and said, 'Dad, I want to go to see Caitlin Clark.' As a father, I just couldn't resist. And so I went online to go buy tickets."

The tickets were supposed to cost $300 total, Dean said, but they ended up costing over $500 because of hidden fees. The timer had begun in the online checkout process, so he had just minutes to decide whether to buy the tickets or lose them.

He ultimately bought the tickets. But Dean said these practices mean customers can't make informed decisions. The new law, he said, will bring transparency to the process.

The law takes effect Jan. 1, 2025, and applies to tickets sold on or after that date.

Adrianna Korich, director of ticketing at First Avenue, said she supports the new rules, saying fans are sometimes tricked into paying up to 10 times a ticket's face value because of deceptive websites and resellers who list tickets without actually possessing them. The new law bans both, she said.

"We have all heard the horror stories from the Taylor Swift Eras tour and have seen the astronomical prices that are being charged at checkout," Korich said.

___

Trisha Ahmed is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on under-covered issues. Follow her on X, formerly Twitter: @TrishaAhmed15

Continue Reading...

Popular

Plan to boost Uber and Lyft driver pay in Minnesota advances in state Legislature

ST. PAUL, Minn. (AP) — A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers believe would prevent the companies from leaving the market advanced in the state Legislature on Sunday, hours before the deadline for lawmakers to pass bills before they adjourn.

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

Weed Potency Has Increased Dramatically Over Last Several Decades, How High Can THC Limits Go?

Explore how rising THC levels are reshaping cannabis potency worldwide and the regulatory measures in place to ensure safety.

Warren Buffett's Favorite Stock, Occidental Petroleum Reports Mixed Q1 Results

Occidental Petroleum (NYSE:OXY) reported mixed Q1 results with earnings beating estimates and sales missing. Operational excellence drove cash flow and production met guidance.

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery rose 83 cents to $80.06 per barrel Friday. Brent crude for July delivery rose 71 cents to $83.98 per barrel.

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

Warren Buffett suggests that federal taxes will likely increase given the country's precarious fiscal position, and he expressed Berkshire's willingness to cover the tax bill it faces.

Billionaires Are Now FLOODING Into Gold - Ad

Ray Dalio, John Paulson, and many others all recommend you own gold right now. But did you know there's another huge investor (worth more than all the world's billionaires COMBINED) buying gold by the ton? That's why the best move to make right now could be this little-known gold investment (which you can get started with for just $5).

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support behind the

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Marjorie Taylor Greene Accused Of Racist Behavior By Jasmine Crockett Over 'Fake Eyelashes' Comment

Crockett accuses Greene of racism over fake eyelashes taunt during a hearing. Crockett says Greene has not attacked other colleagues' appearances.

Crypto Millionaires Names His Favorite AI Coin - Ad

According to Bitcoin pioneer and crypto millionaire Charlie Shrem, a tiny $11 project could be the biggest winner of not just the next year, but the next decade. It combines AI and crypto, in one investment.

Federal appeals court upholds ruling that Zion Williamson's 2019 contract with an agent was void

RICHMOND, Va. (AP) — A federal appeals court has that NBA star Zion Williamson's contract with a marketing agent was void because the agent was not licensed in North Carolina when the two entered an agreement in 2019.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Experts predict this one crypto will soar 7,200% by the end of the decade... and grow 20X bigger than bitcoin. But you must get in before it's big.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Apple's Eye-Controlled iPhones, Siri's Upgrade And More: A Recap Of Week's Top Stories In Appleverse

Apple made headlines with innovative accessibility features, labor strikes, and potential partnerships. Stay updated with a quick roundup of top stories.

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

Fraudsters target small businesses with scams. Here are some to watch out for

NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

Russian President Warns Of Global Conflict During World War 2 Victory Day Celebrations, But Says 'Will Do Everything' To Prevent Clash

As Russia marked the 79th anniversary of the Soviet Union's victory over Nazi Germany in World War II, President Vladimir Putin warned the West of the potential for a global conflict.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'

Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

BOGOTA, Colombia (AP) — Colombia has become the latest Latin American country to announce that it over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

Mystery of the Rich and Connected Revealed - Ad

Former Goldman VP reveals a mysterious "Gold Bank" with huge upside potential... Last time we shared this, some folks could have seen a 995% gain. Don't be surprised if you've never heard of this -- most haven't. But he's sharing all in this new video.

South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops

JUNA, South Sudan (AP) — Following an appeal from the United Nations, removed recently imposed taxes and fees that had triggered suspension of U.N. food airdrops. Thousands of people in the country depend on aid from the outside.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service