Authors are complaining that an ongoing price war between Amazon and Overstock is sharply cutting into their income. BuzzFeed’s Andy Meek reports that Overstock slashed book prices by 10% across the board last week to undercut Amazon, and that Amazon quickly matched the price in a quest to retain those sweet, sweet customers.
Author John Green griped to his Twitter followers about the price drop:
Ridiculous pissing match/price war continues as overstock lowers tfios hardcover to $5.31. Your move, amazon. http://t.co/K6GCm7V8py
— John Green (@johngreen) July 30, 2013
Overstock CEO Patrick Byrne told Cnet on Monday that “If they go to 10 cents, I’ll go to 9 cents.”