Live Nation stock plunges on reports of DOJ antitrust suit

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Live Nation Entertainment News

Alexandra Canal,Justice Department,Wall Street Journal

Shares of Live Nation Entertainment (LYV) are plunging as the Wall Street Journal reports the Justice Department is preparing to file an antitrust lawsuit...

joins The Morning Brief to discuss the allegations, which take aim at the company's leveraging of its market dominance to harm competitors. Though the federal government did approve the Ticketmaster-Live Nation merger in 2010, Canal flags that Live Nation has since been at the center of antitrust concerns, including accusations of sky-high fees and monopolistic behavior.

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