All entries for Wednesday 15 June 2005

June 15, 2005

eBay pulls Live8 tickets

Following on from yesterdayís comment about Live8 tickets, eBay have given into the pressure from customers and organisers to ban their resale.

From the telegraph.co.uk

The internet auctioneer Ebay was forced to withdraw tickets for the Live 8 charity concert from its website last night after Bob Geldof demanded a boycott over its refusal to prevent touts selling tickets.
The company's climbdown came after hundreds of protesters made bogus bids on the site of up to £10 million in protest at sellers attempting to make a profit.

Geldof, the organiser of Live 8, threatened legal action against the website – which he likened to an "electronic pimp" – and accused those people selling their tickets of "disgusting greed".

Itís not clear why those who sell tickets on are being criticised, whilst those who choose to enjoy music that would otherwise cost an exorbitant amount are heralded as being more altruistic. The value inherent in the ticket lies in the quality of bands on offer. By going down and enjoying the concert, one benefits from that value in-kind. Through the ticket's sale, the seller obtains its monetary equivalent. To the extent that there are willing buyers and resale is permitted by law, the person selling the ticket on eBay is no better off than the person who decided to listen to the music.

eBay probably made the right business decision, but itís initial statement on the issue was correct

"We are allowing the tickets because we live in a free market where people can make up their own minds about what they would like to buy and sell. Ebay believes it is a fundamental right for someone to be able to sell something that is theirs, whether they paid for it or won it in a competition."

June 2005

Mo Tu We Th Fr Sa Su
May |  Today  | Jul
      1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30         

Search this blog

Tags

Galleries

Most recent comments

  • i like muff on toast by guildy on this entry
  • hairs :P by Peter hairs on this entry
  • Incest hairs by michael lumsden on this entry
  • incest thursday every day with mary!! by michael lumsden on this entry
  • I like maureen by Neil duncan on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXXI