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18/12/2024
Wednesday
18 December 
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 The slavery was abolished in the United States.
1970 the slavery in the United States was abolished.
1970 The anthem of the Russian Empire “God Save the Tsar!” was performed for the first time.
AMAZON GOT SUED FOR HIGH BOOK PRICES
Several Amazon buyers have filed a class action lawsuit. They accused the corporation of violating antitrust laws, suggesting Amazon was colluding with publishers to set higher prices for e-books.
The plaintiffs stated that back in 2015, Amazon became a conspirator along with major book publishers such as Hachette, HarperCollins, Macmillan, Penguin Random House and Simon & Schuster. Business Insider reports that by means of such a conspiracy, the prices of e-books were raised by 30%.
For Amazon, this meant huge profits, as the corporation controlled 90% of the e-book market in 2018.
Amazon has been found to have committed antitrust violations before. However, Apple was previously involved in collusion with the aforementioned publishers as well - then the prices for e-books rose by 50% overnight. The company was later found guilty and paid a fine of $ 450 million.
