Ticket scalping

[KLaw]

Mj stated that scalping tickets for the fastlane meet up was frowned upon. Why is that? Why is scalping illegal? Just seems like another hustle to me. Thoughts? Thanks.

 

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[LateStarter]

"Honor among thieves"

 

[KLaw]

How is it different then buying something off of Craigslist and flipping it?

 

[LateStarter]

On Craigslist, you're not taking advantage of the people teaching you how to do it.

 

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[KLaw]

Supply / demand. Same difference.

 

[Thoelt53]

He’s preventing you from hypothetically buying two tickets @ $399 each, with no intention of attending the summit, and selling them weeks before the event for much more than you initially paid.

 

[KLaw]

He’s preventing you from hypothetically buying two tickets @ $399 each, with no intention of attending the summit, and selling them weeks before the event for much more than you initially paid.

I get that. But, how is that any different than buying a lawn mower for $30 during the winter. Having no intentions of using it and selling it during the summer for $100?

 

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[Thoelt53]

Lawnmowers aren’t in limited supply.

 

[KLaw]

Lawnmowers aren’t in limited supply.

Ok. A rare painting?

 

[Thoelt53]

It boils down to your own personal values.

It would appear MJ does not want that type of behavior occurring at his private event.

I wouldn’t want anyone profiteering off an event I am hosting for, what is essentially, the greater good.

 

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[KLaw]

It boils down to your own personal values.

It would appear MJ does not want that type of behavior occurring at his event.

Maybe. I shouldn't have used mj as an example. I just don't see any difference between scalping and flipping.

 

[Thoelt53]

Scalping is akin to a “pump and dump” more so than arbitrage.

 

[KLaw]

Btw. I've never scalped a ticket. But, how is it even comparable to pump and dump?

 

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