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AMAZON GOT SUED FOR HIGH BOOK PRICES

... 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.

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