Amazon, a longtime e-book discounter, is accused of raising the price of e-books

Amazon. com Inc., which originally came up with the idea of ​​charging rock bottom prices for e-books, is now accused of forcing customers on other book sites to pay too much for them.

A lawsuit filed Thursday in a New York federal district court alleges that a deal between Amazon and five major book publishers has resulted in higher e-book prices for all consumers because it prevents rival retailers from selling e-books. of these publishers at a lower price than Amazon.

The lawsuit, which was filed by law firm Hagens Berman and is seeking class action status, said Amazon charges high fees and other costs to publishers, “which in turn significantly increases the retail price of e-books that they sell on Amazon.com. “As a result of the deal with the big five publishers, the price they charge on Amazon must also be the price they charge everywhere.

“In a competitive market, the Big Five could sell …

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  • According to this source Amazon, a longtime e-book discounter, is accused of raising the price of e-books
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