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.
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