Every big corp holds money longer than necessary to maximize interest. It’s free money. We know TM. “Why wouldn’t TM do it” is what you should be asking proof for.
Rule of thumb when it comes to monopolies: always err on the side of rentierism. In fact, it should be incumbent on their defenders to prove (insert greedy activity) is not practiced by said corporation
Do you work at ticketmaster? Otherwise, how do you confirm this?
Every big corp holds money longer than necessary to maximize interest. It’s free money. We know TM. “Why wouldn’t TM do it” is what you should be asking proof for.
exactly this
Ticketkmaster earns interest on cash they hold[1]
This is cash that ticketmaster is holding
Therefore they will be earning interest on this.
[1] see interest incom on their latest 10-K https://investors.livenationentertainment.com/sec-filings/an...
Rule of thumb when it comes to monopolies: always err on the side of rentierism. In fact, it should be incumbent on their defenders to prove (insert greedy activity) is not practiced by said corporation
1. ticket master holds the money for 14 days before paying the customer
2. there are a lot of customers
3. therefore ticket master holds lots of customer cash in transit (this is called the "float")
4. cash earns 5% interest so this year they will earn about 5% * avg float