The drop shaved about $1 billion off Live Nation's market cap, which sits around $13.8 billion.
The DOJ has been pursuing Live Nation for allegedly pressuring concert venues to use Ticketmaster, the Journal reported, citing people familiar with the matter.
The DOJ declined to comment. A spokesperson for Live Nation said the company does not comment on speculation. Live Nation does not believe it violated the agreement, people familiar with the matter told the Journal.
If you are a rep/senator/potus or his/her admin you should not be allowed to invest in the stock market due to conflict of interests.
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