Democratic candidates take the stage together for the first time as they jockey for position in the race to take on President Trump in 2020.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
More than 19,500 people piled into Oakland, California's Oracle Arena to watch Stephen Curry and the Golden State Warriors, on average, every game this season. And now those very popular tickets have become the focus of a lawsuit.
The National Basketball Association's best team can expect to draw droves of fans when it tips off against LeBron James and the Cleveland Cavaliers in Game 1 of the NBA Finals on Thursday night.
But the Warriors' brass has come under fire for how its tickets—some of the most popular in the league—are sold. EBay-owned resale ticket site StubHub alleged in a lawsuit earlier this year that the Warriors and Live Nation-owned Ticketmaster have locked up a "monopoly" on the team's primary and secondary ticket sales. (Tweet this)
Ticketmaster and the Warriors filed motions to dismiss the complaint late last month. The Warriors say their system—which directs buyers to Ticketmaster—protects fans by ensuring that tickets are not counterfeit.
A hearing next month will help determine if the lawsuit moves forward.
"There's no competition, because a party has monopoly power," said Ali Keegan, chief counsel for StubHub. "We're saying that they're tying the primary and secondary market together. It's anti-competitive and puts higher prices on consumers."
The complaint comes as Ticketmaster makes competitive gains in the resale market, where StubHub is currently the biggest player. While primary tickets remain Ticketmaster's biggest business, its secondary ticket transactions volume grew by 55 percent last year, according to Live Nation's 2014 annual report.
Though the current case could potentially hold implications for ticket buyers, StubHub will likely find it hard to prove a monopoly, said Marc Edelman, an associate professor of law at Baruch College who consults on sports antitrust law.
"The antitrust claim overall seems like a very difficult one for StubHub to win," Edelman said.
Many sports franchises, including the Cleveland Cavaliers, recommend that fans resell tickets on a particular platform to ensure validity. StubHub's complaint revolves around an assertion that the Warriors revoked or threatened to revoke some season ticket rights because sellers used a resale platform that competes with Ticketmaster.
In a statement to CNBC, the Warriors said they chose not to renew season tickets for some brokers whose "sole intent" was to resell them at a higher price. Those tickets went to fans who had been on a wait list.
StubHub contends that the Warriors threatened would-be sellers, causing its ticket inventory for the team's games to drop by 80 percent from last season to this season.
Ticketmaster declined to comment. In its motion to dismiss the lawsuit, Ticketmaster decried StubHub's claims that a monopoly could exist for only one team's tickets. Ticketmaster noted in the motion that the Warriors only represent a "sliver" of StubHub's business.
A quick look at NBA Finals tickets available for resale indicates that Ticketmaster holds more inventory.
As of Thursday morning, Ticketmaster had 901 Game 1 tickets for sale, while 542 were listed on Stubhub. That supply advantage held up for Sunday's Game 2, as Ticketmaster had about 2,664 tickets on sale compared with StubHub's roughly 1,244.
The cheapest Game 1 ticket at both sites was listed at $699.