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Saturday, April 14, 2012

Feds Sue Apple and Publishers' Conspiracy In Hiking Up E-Book Prices [VIDEO]

In a civil antitrust lawsuit, the Justice Department alleged that CEOs of the publishing companies met regularly in private dining rooms of upscale Manhattan restaurants to discuss how to respond to steep discounting of their e-books by Amazon.com Inc., a practice they disliked. The executives also called and emailed each other to craft a solution to what one of them called "the wretched $9.99 price point,"...

http://www.atoast2wealth.com/2012/04/14/feds-sue-apple-and-publishers-conspir...

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