|Amazon - a wolf in sheep's|
Is this Amazon's end game coming to fruition?
Amazon, having just come off a win in the courts Re its suit against big publishers regarding the agency model - coupled with Wall Street's ignoring of Amazon's continued losses - has made an aggressive move against book publishing in general by discounting bestsellers even further below loss-leader pricing (prohibited in antitrust legislation).
How can Amazon do this? I don't really know - unless it has something to do with Wall Street ignoring their losses by not downgrading their stock, thinking they will make them up later with monopolistic pricing with no competition. Also, a certain coziness with the current Washington administration.
But, will this kind of safe haven last for Amazon? Could be Amazon has acted too quickly in showing their hand! A hand many believe has always been their end mission --- to put all other book publishing out of business completely and dominate totally.
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