Ticketmaster cancels Taylor Swift concert ticket sale citing high demand

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Shares of Ticketmaster parent Live Nation Entertainment (NYSE:LYV) Inc shares fell as much as 2.9% to $71.85 following the tweet on Thursday.

The online ticketing company faced Democrat U.S. senator Amy Klobuchar’s scrutiny over sales practices after its website crashed Tuesday morning as millions of fans looking to buy seats for Taylor Swift’s first tour in five years caused periodic outages and long wait times stretching up to three hours.