TECHNOLOGY
As part of its anti trust settlement with multinational publishing houses, Amazon had been refunding customers who purchased ebooks by Hachette, HarperCollins, Simon & Schuster, Macmillan and Penguin
This was unlike the many emails you probably receive, everyday, from questionable diplomats or Nigerian bankers that offers you thousands of dollars in exchange for your account number.
Amazon customers came out as winners in a rare public settlement by international publishing houses Hachette, HarperCollins, Simon & Schuster, Macmillan and Penguin, who in turn provided Amazon with the funds to pay back their customers who purchased ebooks between April 1, 2010 and May 21, 2012 part of the cost.
So, those who bought ebooks on the New York Times bestseller are entitled to a credit of $3.17 per book while others get $0.73.
So what really happened?
According to the website set up on the matter, the lawsuits claims there was a conspiracy involving five of the nation’s top publishers and Apple to fix and raise retail prices of E-books. But following deliberations, even though the publishers refused to admit to the said conspiracy, they settled with agreeing to refund the customers.
However, not Apple, they refuse to give in. A separate lawsuit with similar claims continues against Apple.
But needless to say, those who were at the receiving end of this little extra cash reward, couldn't help but brag:
$13.89 in Amazon Kindle book credit! Thanks! #antitrust #tweetyourAmazonbookcredit #kindle
— Chris Southern (@southernvg) March 25, 2014
$5.17 ... not much but it will get me a cheap romance novel! (my favorite kindle reading) #tweetyourAmazonbookcredit
— Talia Haykin - טליה (@thdpr) March 25, 2014
$147.25. Holy crap.Clearly, I read or at least buy way too much on my #kindle #tweetyourAmazonbookcredit
— Julie Cutler (@politicsofJulie) March 25, 2014
I got $20.94 #tweetyourAmazonbookcredit SWEET! #newbooksforme
— Ann Leaness (@aleaness) March 25, 2014
$85.45 #tweetyourAmazonbookcredit Seriously. I'm gonna buy some books, y'all!
— Lanna Lee Maheux (@lannalee) March 25, 2014
Woo! $12.41 #tweetyouramazonbookcredit Not sure what that says about my ebook habit.
— Jessica H. (@Riannacello) March 25, 2014
$34.35 in Kindle credits. Thanks, State Attorneys General and Class Plaintiffs!
— Matt Yglesias (@mattyglesias) March 25, 2014
I don't feel I deserve my Amazon $47.49 book credit from the eBook antitrust settlement.
— tylercowen (@tylercowen) March 25, 2014
$39.21 Amazon credit for the state attorneys general book pricing settlement in the US. Mixed feelings.
— John Gapper (@johngapper) March 25, 2014
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