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Tuesday, February 11, 2014

Amazon Crushes Barnes & Noble Under Its Heel, with Help from the Department of Justice

Posted by Paul Constant on Tue, Feb 11, 2014 at 1:59 PM

Jay Yarow at Business Insider writes:

Barnes & Noble laid off its Nook hardware engineers, according to a source that tipped Business Insider.

The engineers were let go last Thursday, according to our source.

Barnes & Noble's e-book sales were reportedly improving a few years ago, but now they've all but bottomed out, and Barnes & Noble's e-book division is crashing and burning. What happened? Oh, that's right. Amazon convinced the United States to sue publishers out of the right to set their own e-book prices. And now Amazon is crushing its competition and becoming an e-book monopoly again. Thanks a lot, Department of Justice!

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