This is a triumphant moment for Amazon.
Its stock hit another record high on Monday, jumping $12. Its 20th anniversary sale this week is generating a flood of media coverage that other retailers would kill for. Hardly anyone seems to care anymore that Amazon routinely loses buckets of money. It owns the future.
Into this festive atmosphere comes a large chunk of the literary establishment, which is calling Amazon a bully and a monopolist.
Five years after Amazon secretly asked regulators to investigate leading publishers — a case that ended up reinforcing the e-commerce company’s clout — groups representing thousands of authors, agents and independent booksellers are asking the United States Department of Justice to examine Amazon for antitrust violations.
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