E-Book Price Fixing
Apple and five other major book publishing firms are now facing an Anti-Trust suit from the US Department of Justice. The reason for the case, Apple and the book publishers have been conspiring to fix eBook prices in order to force Amazon to drive up its eBook prices. The evidence against these companies is substantial. Among the evidence are e-mails from the late Steve Jobs to publishing company executives, suggesting that they "throw in with Apple and see if we can all make a go of this." Three of the book publishers have already settled out of court with the DOJ. The main concern of the companies is that Amazon's low prices on eBooks are eroding their profits. This is clearly a violation of business ethics. Rather than each company working together to compete with Amazon, they are trying to fix prices across the board in order bring Amazon down.
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