Flimsy_Demand7237 t1_jdug9et wrote on March 27, 2023 at 7:57 AM

Reply to comment by Daktyl198 in Internet Archive Loses Lawsuit Over Ebook Copyright Infringement. Here’s What to Know... by Halaku

Yeah ebook restrictions are often absolutely absurd, which is why I disagree with this ruling on principle. Physical books are not 'licensed' to be artificially withdrawn and repurchased year on year. These virtuous publishers make more profit % than Walmart, Bank of America, Toyota, they all go barely 10% profit. Ebook publishers? -- 35%-40% profits. On average, ebook cost has 37% upmarked just for profit. It's an artificial greed market where none should exist.

Excellent doco on the academic papers and textbook ebook side of this issue: https://vimeo.com/273358286

Artanthos t1_jdupl20 wrote on March 27, 2023 at 10:13 AM

Walmart actually has a very low profit margin, <2%.

Walmart makes its money on volume.

https://www.macrotrends.net/stocks/charts/WMT/walmart/profit-margins

cheeseybacon11 t1_jdv11ye wrote on March 27, 2023 at 12:22 PM

So they're still correct. Just a weird way to prove their point.

Artanthos t1_jdwxzgx wrote on March 27, 2023 at 8:10 PM

I wasn’t disagreeing so much as reinforcing with more accurate information.

People like to shit on Walmart.

While a lot of the points are technically correct, the whole point is to bring lower prices to the consumer.

Walmart simply cannot correct many of their issues without raising prices, because they already have a very low profit margin. It would quickly flip from making money from volume to losing billions.