Quote:
Originally Posted by Purple Lady
Now I can't use coupons on the big publishers, and of course the conspiracy put Fictionwise out of business.
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Of course? How could they have competed, for long, with Amazon's greater financial strength when it comes to the ability to price below cost?
I would consider that Fictionwise made a big acquisition shortly before the great recession kicked in:
http://www.prweb.com/releases/2008/1/prweb606601.htm
Most likely, there were multiple causes for Fictionwise's decline and fall. Yesterday's A&P collapse, widely blamed on their 2007 purchase of Pathmark, reminded me of the acquisition factor.