Amazon colluded with publishers to fix book prices, class-action suit alleges

Amazon colluded with publishers to fix book prices, class-action suit alleges

3 years ago
Anonymous $hYN7Hy7o7J

https://arstechnica.com/tech-policy/2021/04/amazon-colluded-with-publishers-to-fix-book-prices-class-action-suit-alleges/

A small independent bookstore filed a class-action lawsuit against Amazon last week, alleging that the e-commerce giant colluded with the five major book publishers to fix wholesale prices and block other sellers “from competing on price or product availability.”

The suit seeks to compensate independent booksellers for Amazon’s and publishers’ practices and put an injunction on the alleged anticompetitive practices. The named plaintiff is Bookends and Beginnings, a physical and online bookstore located in Evanston, Illinois, just north of Chicago. Amazon, which got its start selling books during the dot-com boom, has dominated the retail book market in recent years, selling an estimated 90 percent of all e-books and over 40 percent of physical books.

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