Apple loses final e-books antitrust appeal, will pay $450M settlement [u]

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Comments

  • Reply 41 of 46
    analogjackanalogjack Posts: 1,068member
    Quote:

    Originally Posted by msantti View Post



    When is Amazon ever going to get probed.?

     

    Could be embarrassing whomever is found up their arse.

  • Reply 42 of 46
    bondm16bondm16 Posts: 141member
    What a shame.

  • Reply 43 of 46
    russellrussell Posts: 296member

    Apple rightfully lost this case. Apple colluded with the publishers to raise prices for consumers as well as Amazon.

     

    Antitrust laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices (ex. Apple and the publisher's collusion). The FTC's Bureau of Competition, working in tandem with the Bureau of Economics, enforces the antitrust laws for the benefit of consumers.

    https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws

     

    Who is going to get $400 million of the settlement? The consumers not Amazon.

     

    Assistant Attorney General Bill Baer of the Justice Department's Antitrust Division said the government was gratified with the ruling.

    "The decision confirms that it is unlawful for a company to knowingly participate in a price-fixing conspiracy, whatever its specific role in the conspiracy or reason for joining it. Because Apple and the defendant publishers sought to eliminate price competition in the sale of e-books, consumers were forced to pay higher prices for many e-book titles," he said.

    http://www.nytimes.com/aponline/2015/06/30/us/ap-us-electronic-books-antitrust-lawsuit.html

  • Reply 44 of 46
    gatorguygatorguy Posts: 20,752member
    News out today that the German government antitrust folks are investigating Apple over a related eBooks issue. The surprise this time is BOTH Apple and Amazon are involved. Why?

    Apple buys audiobooks wholesale from, you guessed it. . . [B]Amazon[/B].

    Specifically it's their Audible subsidiary. I didn't even know Amazon owned 'em.
    http://www.reuters.com/article/2015/11/16/us-germany-apple-amazon-idUSKCN0T519P20151116#u8zKGFRUBLvxSRoU.97

    Based on the tone of the article it would appear Amazon is the bigger target.
  • Reply 45 of 46
    gatorguy wrote: »
    News out today that the German government antitrust folks are investigating Apple over a related eBooks issue. The surprise this time is BOTH Apple and Amazon are involved. Why?

    Apple buys audiobooks wholesale from, you guessed it. . . Amazon.

    Specifically it's their Audible subsidiary. I didn't even know Amazon owned 'em.
    http://www.reuters.com/article/2015/11/16/us-germany-apple-amazon-idUSKCN0T519P20151116#u8zKGFRUBLvxSRoU.97

    Based on the tone of the article it would appear Amazon is the bigger target.

    Amazon bought Audible in 2008.

    Also, if two companies were in collusion, it would be a duopoly, not a monopoly...which it isn't anyway. Another day, another frivolous lawsuit.
  • Reply 46 of 46
    gatorguygatorguy Posts: 20,752member
    Amazon bought Audible in 2008.

    Also, if two companies were in collusion, it would be a duopoly, not a monopoly...which it isn't anyway. Another day, another frivolous lawsuit.
    It's not a lawsuit tho. It's an initial "look see" to determine if anything appears to need further investigation.
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