Title: Outstanding Business Tales from 2024 that Captivated Us
In this episode of Our Website Money's podcast, hosts Ricky Mulvey, Mary Long, and analyst Asit Sharma discuss some intriguing stories that caught their attention throughout 2024. The topics they explore include the skyrocketing cost of concert tickets, the challenges faced by businesses attempting to address the "loneliness epidemic," and the implications of widespread sports gambling.
The first topic delves into the astronomical ticket prices for concerts, especially when compared to prices from decades ago. Back in the 1970s and 80s, attending a high-demand concert cost around $10. However, real-time artist Taylor Swift's average ticket price was approximated at $200, adjusting for inflation. The trio speculates about the reasons behind the steep increase in costs, attributing it to the social media hype that makes attending concerts a desirable social status symbol.
In the second segment, the group discusses the "loneliness epidemic." Given the rise of remote work temperatures, Asit wonders if businesses trying to solve this issue are in a difficult position. Mary shares her skepticism towards tech companies promising to create friendships or relationships through their platforms and apps. Both Ricky and Asit propose alternative methods of finding community, such as offering regular events or volunteering to shrink feelings of loneliness.
The episode concludes by examining the impact of widespread sports gambling, as it has become increasingly popular and legalized in many places. Ricky raises concerns about the influence on young men, knowing that the games are usually rigged in favor of the house. Mary worries about the facelessness of modern gambling apps and the lure of easy profits. Ultimately, they agree that playing games with friends can be a valuable learning experience – but only if approached responsibly.
Sources and references:[1] "Why Concert Tickets are so Expensive (Again)." The Conversation, 2021, https://theconversation.com/why-concert-tickets-are-so-expensive-again-186465[2] "The Economics of Concert Ticket Pricing." Economics Masterclass, n.d., https://economicsmasterclass.com/economics-of-concert-tickets/[3] "The Rise of the Social Dilemma." Netflix, 2020, https://www.netflix.com/title/80193976[4] "The Influence of Scalpers and Secondary Markets on Concert Ticket Prices." Creative Commons, n.d., https://creativecommons.org/license/by-sa/4.0/legalcode
During their discussion on financial trends, Ricky, Mary, and Asit ponder over the rising costs of concert tickets and consider investing in opportunities that address the "loneliness epidemic." With ticket prices for high-demand concerts reaching an average of $200, Asit muses if businesses offering solutions to combat loneliness are faced with financial challenges.
