Wednesday, April 11, 2012

Evil Apple: Ebook Edition

Apple's Steve Jobs conspired on e-book price-fixing, lawsuits say - latimes.com

Former Apple Inc. Chief Executive Steve Jobs and top executives at five major book publishers illegally conspired to raise the prices of e-books, costing consumers tens of millions of dollars, federal and state officials alleged in antitrust suits filed Wednesday.

The collusion began in 2009 and price fixing took effect with the launch of the iPad in early 2010, boosting the average cost of e-books by $2 to $3 each "virtually overnight," said Sharis Pozen, the acting head of the Justice Department's antitrust division...

And Jobs remains Unrisen.

No comments: