Quote:
Originally Posted by FrustratedReader
And related:
https://www.theguardian.com/books/20...ve-bookselling
People resigning from Waterstones because pay is too low. (Same owner now).
I can't see this being good for people working in Barnes & Noble. It's bad for ANYONE to be owned by a hedge fund or Venture Capitalists. No vision. Short term bottom line and often asset stripping. I'm not suggesting Elliot does those, just a general observation. Hanson Trust asset stripped UK Ever Ready. They and Energiser are now owned by a Pet food company.
But the WORST exploitation of authors and their warehouse workers related to books, paper and electronic is Amazon. Also involved in exploitation of user information (web & alexa) and using contractors exploiting children.
The exclusivity on Amazon KDP Select and Scout is a disgrace. Amazon Prime & Unlimited is exploitive.
Do not sign up to Select, Unlimited or Prime, those are immoral!
When is their monopoly building going to be stopped?
https://en.wikipedia.org/wiki/List_o...ions_by_Amazon |
Something similar happened some yrs back to one of the big movie studios (I think 20th Century Fox). For a while they were owned and run by people who weren't learned in the movie industry. For all I know they may still be, but anyway if someone who doesn't know what they're doing takes over any business it can only lead to trouble I think.