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Old 05-15-2013, 09:34 AM   #1
MickeyC
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US Justice Dept accuses Apple of eBook Price Fixing

In today's Washington Post here http://www.washingtonpost.com/busine...y.html?hpid=z9
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Old 05-15-2013, 10:27 AM   #2
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In its own court filing, Apple vehemently denied allegations of price fixing, saying it brought fresh competition to a market dominated by Amazon. “The evidence proves that Apple acted independently, to further its own legitimate business goals,” the company said.
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Old 05-15-2013, 10:33 AM   #3
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Originally Posted by tubemonkey View Post
Reminds me of when Bank of America's Orwellian-titled "VP of Corporate Responsibility" told a hearing committee that ATM fees were GOOD for consumers because they foster competition.

I wonder if she actually believed it, or if at least she felt like she had to take a shower afterwards.

ApK

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Old 05-15-2013, 12:07 PM   #4
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The NYT report has other quotes. Just as damning, though:
http://www.nytimes.com/2013/05/15/te...ing.html?_r=1&

Quote:
In July 2010, Mr. Jobs, Apple’s former chief executive, told the chief executive of Random House, Markus Dohle, that the publisher would suffer a loss of support from Apple if it held out much longer, according to an account of the conversation provided by Mr. Dohle in the filing. Two months later, Apple threatened to block an e-book application by Random House from appearing in Apple’s App Store because it had not agreed to a deal with Apple, the filing said.

After Random House finally agreed to a contract on Jan. 18, 2011, Eddy Cue, the Apple executive in charge of its e-books deals, sent an e-mail to Mr. Jobs attributing the publisher’s capitulation, in part, to “the fact that I prevented an app from Random House from going live in the app store,” the filing reads.

The newly released documents also quote David Shanks, chief executive of Penguin, as saying that Apple was the “facilitator and go-between” for the publishing companies in arranging the agreement.

And the documents quote Mr. Dohle as saying that an Apple executive counseled him that the publishing company could threaten to withhold e-books from Amazon to force Amazon to accept the higher prices.
So that's where Sargent got the idea!
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Old 05-15-2013, 01:00 PM   #5
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The Digital Reader pulls a fascinating graph from the DOJ's proposed findings of fact, showing that average ebook prices for the Agency publishes increased by about 20% over the week that agency pricing was introduced.


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Old 05-15-2013, 04:35 PM   #6
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Adding to their unfettered greed and avarice, Apple breaks the law, but surely only for the Public's good!

Does that give you warm and comfy feelings all over?
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Old 05-15-2013, 04:51 PM   #7
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Funny how when a private business raises $ it's a big scandal but if the Government gives the rich a tax break it's just business as usual. Not to make the thread political, but the Government should clean its own house before going after others.
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Old 05-15-2013, 04:59 PM   #8
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Just like saying "No copyright infringement intended....", saying "Not to make the thread political..." doesn't change the fact that you did.
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Old 05-15-2013, 05:05 PM   #9
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Quote:
Originally Posted by crich70 View Post
Funny how when a private business raises $ it's a big scandal but if the Government gives the rich a tax break it's just business as usual. Not to make the thread political, but the Government should clean its own house before going after others.
You're not honestly suggesting that all investigations into price-fixing, collusion, anti-trust violations, and all other potentially illegal business practices (for which the govt actually HAS jurisdiction) should cease entirely are you?

Comparing what went on here to "a private business raising prices" is disingenuous at best. There'd be nothing to investigate if a (singular) business raised its prices. An industry, comprised of many businesses, raised their prices... and possibly coerced some of those individual businesses to do so in the process.

But by all means, let's stop looking into any of that sort of nonsense altogether. It's not likely anyone would take advantage of that kind of moratorium or anything.

Last edited by DiapDealer; 05-15-2013 at 05:17 PM.
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Old 05-15-2013, 06:04 PM   #10
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the Government should clean its own house before going after others.
Change 'before' to 'as well as' & I'll go along with you.
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Old 05-15-2013, 06:07 PM   #11
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Hey!

Not to bring common sense and justice to a topic but hey, I guess that was what was done.
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Old 05-15-2013, 06:33 PM   #12
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Originally Posted by DiapDealer View Post
An industry, comprised of many businesses, raised their prices... and possibly coerced some of those individual businesses to do so in the process.
That "possibility" runs close to 100% if we take Apple's own internal email brags at face value. Plus, it is also a matter of public record (the DOJ original filing) that Penguin talked B&N into pressuring Random House on their end, too.
So RH was getting hammered first hand, second hand, and third hand to fall in line with the Conspiracy.
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Old 05-15-2013, 06:40 PM   #13
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I was just being generous.
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Old 05-15-2013, 08:21 PM   #14
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I was just being generous.
Well stop it!
Apple doesn't deserve the benefit of the doubt on this; not when they were stupid enough to document and brag about their sleazy tactics.
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Old 05-15-2013, 09:13 PM   #15
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They must feel strongly that they are in the right as settling would probably have been cheaper.
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