Apple Inc. is named ringleader in bullying of book readers.
Apple Inc. is no longer just a monster; it’s more like the Eye of Sauron.
US District Judge Denise Côte ruled against Apple Inc. last week, confirming that Apple, HarperCollins, Simon & Schuster, Penguin, Macmillan, and News Corp. ganged up on readers to fix e-book prices. Last year, Bad Apple settled a separate antitrust case over e-book price-fixing with the European Commission without admitting any wrongdoing. Here in America, the company maintains the role of iSavior, insisting it was just trying to break Amazon’s control of the publishing industry.
I’ve been watching this story irregularly, as these are unhappy events.
Back in the mid-90s, Apple Inc. was a failing company, so much so that by 1996-97 it was forced to swallow its meager pride and borrow loads of money from Bill Gates and Microsoft to stay afloat. Steve Jobs got $95 million in operating capital by selling $150 million in non-voting Apple stock to Microsoft, and he sweetened the deal with Apple’s silence over allegations that Microsoft had stolen its intellectual property in building Windows. Read more