Linked by Thom Holwerda on Wed 11th Apr 2012 11:00 UTC
Legal "The Justice Department could sue Apple as early as Wednesday over alleged electronic book price-fixing, while settling with several publishers as early as this week, two people familiar with the matter said." I feel safe already. Update: ...and we have lift-off.
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TechGeek
Member since:
2006-01-14

just raising prices isn't a sin. seriously, what did they do wrong? Like actually wrong?


There would be nothing wrong with this probably except that they are dictating prices for third parties. Lets suppose you are one of the publishers. Its alright for you to set your own price you want to sell at. Its probably even ok for you to talk about it with other companies and all agree on a price you want to sell at. It is absolutely not ok for you to collude with others about what I am allowed to sell the book for. I being Amazon in this case. Amazon has the right to sell for a loss if they desire, which they did. This deal prevents Amazon from operating in a free market.

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