Quote:
Originally Posted by Edward M. Grant
And according to the numbers I've seen posted around the web, Amazon's market share in e-books has dropped from around 90% to around 60% over the last couple of years.
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Yes, that is correct. But the reason given for the drop is that agency pricing allowed sellers like B&N to compete. No bookseller whose primary revenue was reliant on selling ebooks was able to compete with Amazon and few tried. Agency pricing ensured that Amazon could no longer sell at below cost. It is worth reading B&N's opposition to the DOJ settlement agreement.