Thursday, April 19, 2012

The People vs. Apple

Apple has been accused of acting as ringleader of a price-fixing racket, enlisting half a dozen market-dominating companies in a conspiracy to profiteer through anticompetitive practices and artificial price inflation. The market: e-books. The U.S. DoJ sued Apple along with a handful publishers, accusing them of orchestrating a sales agreement that effectively changed the business model under which e-books were sold.


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