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Ticketmaster cancels Taylor Swift live performance ticket sale citing excessive demand By Reuters

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© Reuters. Taylor Swift arrives on the 2022 MTV Video Music Awards on the Prudential Middle in Newark, New Jersey, U.S., August 28, 2022. REUTERS/Eduardo Munoz/File Photograph

(Reuters) – On-line ticketing firm Ticketmaster stated in a tweet it has canceled Friday’s sale of tickets for pop star Taylor Swift’s The Eras Tour as a consequence of excessive demand and inadequate stock.

Shares of Ticketmaster mum or dad Reside Nation Leisure (NYSE:) Inc shares fell as a lot as 2.9% to $71.85 following the tweet on Thursday.

The net ticketing firm confronted Democrat U.S. senator Amy Klobuchar’s scrutiny over gross sales practices after its web site crashed Tuesday morning as tens of millions of followers seeking to purchase seats for Taylor Swift’s first tour in 5 years prompted periodic outages and lengthy wait instances stretching as much as three hours.

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