The WSJ is reporting that the DOJ suit alleges that consumers have paid tens of millions of dollars more for ebooks than what they should have paid. If this is only ‘tens of millions of dollars’ as the initial reports are signaling then it is effectively not going to be anything more than a slap on the wrist.
Oddly enough, the impact is small so far. Barnes & Noble, Inc. (NYSE: BKS) is barely up 0.3% when you would think that it may benefit from this move. Apple is still up 0.9% at $634.00 or so.
JON C. OGG
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