BenSwann.com has become TruthInMedia.com CLICK HERE to learn more.
Attorney General Eric Holder has asked a federal judge to give his Department of Justice (DOJ) supervision of the Apple App Store and iTunes.
The DOJ’s demand is a disgusting attempted government power-grab into private business.
Holder’s request follows a decision by Denise Cote, a New York Federal District Judge. Cote ruled that Apple violates the US Anti-Trust Laws, which are designed to prevent monopolies and fixed prices.
Apple plans to fight the federal ruling tooth and nail, and will almost certainly appeal.
The mega company currently gets 30 percent commission for any e-books sold on an Apple Store App. According to the Wall Street Journal, the DOJ is pushing for Amazon.com to be able to sell e-books on Apple Apps without the 30 percent commission.
Apple objects to government attempting to control the marketplace. Commission on App stores currently makes up for 10 percent of the company’s revenue. It would be a huge blow to Apple if Holder’s request is granted.
The Wall Street Journal reports that the DOJ is also “seeking a five-year prohibition on new e-book distribution contracts that would restrain Apple from competing on price.”
Good grief. Government has no place sticking its nose into the private marketplace. But it continues to do so, over and over, each time expecting better results. (Solyndra, anyone?)
Apple is an innovative, highly successful American business. The company provides thousands of jobs for citizens at a time when unemployment remains high.
Still, the DOJ insists that the company be restrained. Eric Holder, in all his wisdom, asserts that he is trying to protect customers from high prices and mega corporations.
But after further examination, the request seems a bit more partisan in nature.
Amazon.com gave over $100,000 to Obama’s presidential campaigns and donated thousands in equipment during his inaugurations.
But that’s just a coincidence… Right?
Latest posts by Kristin Tate (see all)
- BREAKING: HHS Secretary Kathleen Sebelius to Resign - Apr 10, 2014
- Harvard Law Prof. Alan Dershowitz to Defend Justina Pelletier - Apr 4, 2014
- VIDEO: Cop Breaks High School Student’s Arm - Mar 28, 2014
- State Awarded “Permanent” Custody Of Justina Pelletier - Mar 26, 2014
- Michelle Obama Bans Media Questions During China Trip - Mar 20, 2014
Origin Of ISIS
"Like" Ben Swann on Facebook