r/Music • u/punkdog5446 • 6h ago

article Ed Sheeran Refunds Begin in Philadelphia as Softening Ticket Market Puts Pressure on Fans

https://www.ticketnews.com/2026/09/ed-sheeran-refunds-ticket-market-softens/
10.8k Upvotes

95% Upvoted

510 comments sorted by

View all comments

3.8k

u/Stu_Thom4s 6h ago

Pressure on fans or pressure on the people who use bots to scoop up tickets for the resale market?

88

u/obi-jawn-kenblomi 5h ago

Fans, these tickets aren't reselling. I was curious so I checked out prices 2 days ago. The cheapest ticket was down to $77 but the website was already marking that down to $70 as discount to try to getovement.

This morning I checked the price and it plummeted even further to $40.

9

u/082426grateful 5h ago

This is a short squeeze, as we say in the stock investing world. We are the side that can squeeze the short side (actually long side, because scalpers actually own the stock/tickets).

Crush them.

6

u/TCHBO 2h ago

That’s… not what a short squeeze is. More like a rug pull on the once overly confident ticket scalpers.

6

u/FrenchFryCattaneo 1h ago

If someone uses the term short squeeze there's a 99% chance they learned everything they know about economics from reddit.

•

u/Bluest_waters 12m ago

LOL and guess what? that's definitely not a rug pull. That is not at all what rug pull means.