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    AI 🤖Business 💼Cryptocurrency 💰Economy 🏛️Politics 🥸Stock Markets 🤑Technology 🛠️
    Posted 11/2/2023, 1:01:00 PM

    Swift's Blockbuster Eras Tour Spurs Billions in Spending, Small Business Growth, Ticketmaster Scrutiny

    • Taylor Swift's "Eras Tour" generated billions in economic activity as fans traveled and spent heavily to attend her concerts. This coincided with the stock market rebound.

    • Fans like Kat Mahon spent 5-figures attending numerous shows, despite financial strain, fueling a "revenge spending" trend post-pandemic.

    • Small businesses like Seattle craft store Beadworld saw spikes in sales from fans making Swift-themed merchandise.

    • The ticketing issues during Swift's tour sale spotlighted problems at Ticketmaster and may spur government antitrust action.

    • Beyond economics, Swift is inspiring female entrepreneurship and creativity while putting on critically acclaimed marathon shows.

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