Justice Department Calls Apple the "Ringmaster" In e-book Price Fixing Case 192
An anonymous reader writes "Back in April 2012, the U.S. Justice Department filed an antitrust lawsuit against Apple and a number of publishers for allegedly colluding to raise the price of e-books on the iBookstore. As part of its investigation into Apple's actions, the Justice Department collected evidence which it claims demonstrates that Apple was the 'ringmaster' in a price fixing conspiracy. Specifically, the Justice Department claims that Apple wielded its power in the mobile app market to coerce publishers to agree to Apple's terms for iBookstore pricing."
Provide the proof (Score:4, Interesting)
Did you read the article. "Under the old model, Amazon controlled about 90 percent of the market, but after the publishers instituted the new pricing scheme, Amazon's share fell to 60 percent." http://thehill.com/blogs/hillicon-valley/technology/299875-doj-accuses-steve-jobs-of-being-ringmaster-in-price-fixing-scheme [thehill.com]
Amazon didn't get caught because its done nothing wrong. (well its done lots of things, just not in this instance)
Re:Except its not. (Score:2, Interesting)
http://thehill.com/blogs/hillicon-valley/technology/299875-doj-accuses-steve-jobs-of-being-ringmaster-in-price-fixing-scheme [thehill.com] "Under the old model, Amazon controlled about 90 percent of the market, but after the publishers instituted the new pricing scheme, Amazon's share fell to 60 percent."
Its not amusing at all. Amazon dominate by competing on old fashioned things like price, Not being corrupt. I find it sick that your defending a mega corporation (again), when the illegal corrupt actions affect everyone.
It's quite... fascinating, how you can defend a monopoly and demonize the company that broke the monopoly, doing the very thing you just defended the monopoly for doing in the first place!
Apple entered the book market and competed against Amazon doing the very thing you laud Amazon for doing: they competed on price!
That's some highly potent fanboy fanaticism in action!
violations of Section 1 of the Sherman Act, 15 U.S (Score:4, Interesting)
http://online.wsj.com/public/resources/documents/ebooks04112012b.pdf [wsj.com] from the filing
"The purpose of this lawsuit is to enjoin the Publisher Defendants and Apple from further violations of the nation's antitrust laws and to restore the competition that has been lost due to the Publisher Defendants' and Apple's illegal acts. Defendants'
ongoing conspiracy and agreement have caused e-book consumers to pay tens of millions of dollars more for e-booksthan they otherwise would have paid"
Comment removed (Score:5, Interesting)