One of the booking web sites (Trivago, I think?) is running an ad that implies that some of the other booking sites only have access to a subset of a property's available rooms, which suggests that in _some_ cases the "last one!" nudge may be accurate, if misleading. Given the history of dark patterns used in that industry, I hesitate to give any of them the benefit of the doubt, but it's something I made a mental note to dig into at some point.
Another upvote for Kagi. I've been using it for a few months and have been happy with the experience. They do have some AI features/interests, but I'm optimistic that the products they develop will serve me/users. So far, so good.
Not really. They haven’t been doing that for a few years now.
They are just going to leave the market if it becomes unprofitable. I see people complaining all the time about ride prices so the consumer doesn’t want this and im sure the people driving aren’t happy to lose the income as well.
It's not unprofitable, it's them posturing that they will refuse to lower their profit margins. Do you honestly think they can't afford to pay their employees the bare minimum that literally every other business in the city is paying? No they can easily afford it but if they do pay their workers fairly it sets a precedent that would slightly lower profits the "growth at the expense of everything" mindset.
Presumably those other businesses are able to generate more revenue per employee. Otherwise, they'd go out of business (which happens all the time), as Uber and Lyft are doing here. What do you believe their profit margins are? Uber's latest investor update says theirs was ~2.9% last year, though that number probably requires a decent amount of familiarity with the business to interpret.
I can't imagine investors would be very happy about them choosing to posture instead of making money with their investment if that's what they were doing.
Obviously investors want better margins. Treasuries are paying 4-5% guaranteed, so why invest in Uber to make 3%?
I've always been amused by the fact that they'll newsletter and product sales bomb me within a minute of signing up for their service, but removing me from their lists may take up to 5-7 business days.
It made more sense when I understood that saying it may take up to 10 business days to opt me out was a statement recognizing the legal requirements rather than the technical requirements. I'm sure some companies just wait exactly 9 days, 23 hours, 59 minutes and 59 seconds to instantaneously opt me out. Malicious compliance, or as we used to call it, passive-aggressiveness.
Yes, most go to the venue, which the artist/producer would have had to pay for (from the ticket price) otherwise. Because money is fungible it doesn't really matter if they pay the artist, or if they pay for the artist's expenses.
What matters is how much fees they charge and how much do they keep. Can't find it right now, but I remember an article claiming they rarely keep 50% of their fees.
Generally there's a promoter in the middle. They sign the artist and then have a deal signed with their ticketing partner. They'll then sign contracts with venues for the given tour. The contracts between promoters and ticketing agencies vary a lot depending on the country but that's how it often works in the states.
The "face value" (base price) will usually be determined between the artist and promoter, the venue will apply a fairly generic fee on top, as will the ticketing provider.
How much of the face value goes to the artist will depend on their leverage in the contract with their promoter. This is usually best improved by the confidence that the venue will sell out, meaning artists with bigger audience and social media presence will usually get the best terms.
I don't have a paper or article I can link to as a source, but I have experience in the industry.
I don't have a source but I've read the same thing; that a lot of what ticket master takes in is getting bounced around. It's a view I find very plausible intuitively. The artists (esp. the "name" artists) have all or nearly all of the leverage - whatever the ticket costs above what you'd paid if you bought at the gate is money they're leaving on the table.
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