Quote:
Originally Posted by Steven Lyle Jordan
ECON 101 also says "A business must make more money than they spend." If customers demand ebooks at prices the publishers cannot support, they go out of business (and by the way, take all the contracted books with them).
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Amazon was founded in 1994. They had their first profitable quarter in the last quarter of 2001. Now, they're the 8,000 lbs. gorilla in the room. I think you need to read up on your FINANCE 101 as well, as there are many ways to raise money for the short term (under 10 years).
If they go out of business, boo friggin hoo. Another business will pop up to exploit the market with a different strategy or more efficient production. If all the businesses go bankrupt, a la the buggy whip, it's because the consumer just doesn't want their product anymore.
EDIT: I should clarify that I don't see the need for investment in the current eBook market. People are buying at the current inflated prices, and it is the Publisher's right to charge as much as they can. However, to imply that the poor widdle pubwishers are just trying as hard as they can and just barely scraping by, is ludicrous.