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Ticketmaster Thins Out | CFO Lounge

Ticketmaster Thins Out

Wed, Oct 22, 2008

Down to Business

My alma mater, Ticketmaster, has axed 5% of its staff today. Amongst the deadpool is apparently the US Controller of the Company, a position I previously reported into. TM is coming under incredible shareholder pressure as the stock price has plummeted since its August IPO and lost more than half its market capitalization.

Currently, the stock price is at $10.89 and market cap at $612 million. It’s getting cheap enough that maybe even its now arch enemy, Live Nation, could make a run for it.

This post was written by:

Chad Cohen - who has written 51 posts on CFO Lounge.

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1 Comments For This Post

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