NEW YORK — Amazon is slapping a 3.5% fuel and logistics surcharge on third-party sellers using its platform starting later this month amid a spike in fuel prices since the war in Iran started. The temporary charge is effective April 17 for many of the sellers who use Amazon’s fulfillment services, the online behemoth confirmed … Read more
Live Nation, the parent company of Ticketmaster, has agreed to pay $280 million in civil penalties to 40 states that sued the company on antitrust grounds. As part of the settlement, Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers, multiple sources told CBS News. Yasmin Khorram, … Read more
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice to settle charges that the entertainment company’s dominance in the event ticket business undermined competition and hurt consumers. Under the settlement, Live Nation agreed to pay $280 million in civil penalties to 40 states that sued the company over … Read more