Quote:
Originally Posted by Worldwalker
Until the cabal made their demands, Amazon acted fully as a retailer. They purchased ebooks from the publishers at the wholesale price the publishers set, and sold them to the end-users at the price they (Amazon) set. That's what a retailer does: buys wholesale, sells retail.
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A retailer does not sell every in demand product at a loss. A few loss leaders to get people in the doors, sure. But Amazon sold every NYT Best Seller book below wholesale -- every day.
That's predatory pricing and it's not good for anyone but Amazon who was trying to corner the market -- and largely succeeded.
Lee