Quote:
Originally Posted by rhadin
A lot of Smashwords titles were priced under the $2.99 floor that Amazon imposes for the 70% author cut. I expect that we will see a sharp increase in pricing to that $2.99 floor. And when it comes about, we can all send Amazon thank yous for taking the first step to raise ebook prices as it exercises its increasing market power.
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Why would authors who were previously happy to set a Smashwords list price of less than $2.99 suddenly change that now? Amazon's terms haven't changed.