1 More Reason to Fear Amazon.com, Inc. (AMZN)? – Apple Inc. (AAPL), Netflix, Inc. (NFLX)

Page 1 of 2

Amazon.com, Inc. (NASDAQ:AMZN) already dominates online retailing.

But the e-tailer may be aiming for an even stronger competitive position on the web. In a bid to grab extra Internet real estate, Amazon.com, Inc. (NASDAQ:AMZN) has once again got rivals crying foul with allegations of monopoly building. And book authors are joining in with complaints against the retailer, too.

Fool me once
Amazon.com, Inc. (NASDAQ:AMZN) already irked writers with its recent move to explore launching a secondhand market for used e-books. It appears to be competing with Apple Inc. (NASDAQ:AAPL) in a race to see who can create a better platform for used digital products. That makes sense, as whichever company solves the tricky rights issues around digital content will be rewarded with a stronger ecosystem supporting their hardware sales.

Amazon.com, Inc. (NASDAQ:AMZN)Apple Inc. (NASDAQ:AAPL)’s iStuff would be more valuable to users if the ownership rights to downloaded stuff, such as songs and movies, becomes more flexible. And Amazon.com, Inc. (NASDAQ:AMZN)’s e-reader and tablet lineup would be more useful if customers ever get the freedom to trade in their used e-books after reading them.

Still, even if the digital marketplace that Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) imagine would be a nirvana for consumers, authors aren’t impressed. They’re worried they could lose pricing power for their creations.

What’s in a name?
And now writers have another bone to pick with Amazon.com, Inc. (NASDAQ:AMZN) – this time over web domain names.

Amazon.com, Inc. (NASDAQ:AMZN) has been bidding on a host of new website domains, which are set to be given out soon by ICANN, the official keeper of web monikers. On the list of controversial titles that Amazon wants are the “.book,” “.read,” and “.author” domains. Whoever controls those domain names would have the power to box out competitors from potentially attractive web domains like, say, www.adventure.book.

The Authors Guild cried foul over the process last week, complaining that Amazon’s attempt to tie up those terms is “anticompetitive.” Barnes & Noble, Inc. (NYSE:BKS) is on the same page. The bookseller urged ICANN to keep those domain names out of Amazon’s hands so that the company couldn’t use them to “stifle competition in the bookselling and publishing industries.”

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!