If you thought India was the only place where they openly sell black tickets, well don't be surprised to find plenty of them here especially at Websites like StubHub.com. In recent months it garnered some handsome profits by brokering to sell sold out tickets to various concerts and events. When sites like Ticketmaster.com open the sale of concert tickets these guys unleash automated web-bots to make the purchases in matter of minutes and in cases human intervention is needed people from India are used at $2/hr to complete the purchases. This is really a serious problem, a recent concert with sale price of $20-$60 sold for avg $280 on StubHub. If these guys keep snatching the tickets, people would be forced to pay inflated prices for no apparent reason.
NewYork Times article:
http://www.nytimes.com/2007/12/16/business/16digi.html?pagewanted=1&_r=2&ref=technology
Venkat Reddy
NewYork Times article:
http://www.nytimes.com/2007/12/16/business/16digi.html?pagewanted=1&_r=2&ref=technology
Venkat Reddy
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