One of the most immediate reactions to Donald Trump’s victory in the 2024 presidential election was in Live Nation’s stock, which soared on Nov. 6 and has kept climbing, from a February low of just under $87 to nearly $130 earlier this week, despite a 6% dip in the company’s revenue for the year’s third quarter announced on Monday.
Why? Because it’s not hard to imagine that the Department of Justice’s hard-hitting lawsuit against the company and its Ticketmaster division faces much dimmer prospects in a Trump administration than a Democratic one.
The suit, filed in May, finds the DOJ suing Live Nation and Ticketmaster — North America’s biggest ticket vendor,
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