Liz Gannes

Recent Posts by Liz Gannes

Ticket Search Service SeatGeek Buys Competitor FanSnap

SeatGeek, a ticket search service that gets about 3.5 million visits per month and expects $12 million in revenue this year, has bought its competitor FanSnap in order to take it off the market. FanSnap, which had raised $16 million in funding (more than twice as much as SeatGeek), had previously been bought in 2011 by Wize Commerce. SeatGeek said it raised $2.2 million to finance the acquisition, but didn’t offer other terms of the deal.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work