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Amazon And Overstock Are In A Race For Lower Book Prices

Records (and author complaints) show increasing evidence of a book price war between Overstock and Amazon.

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:

Overstock CEO Patrick Byrne told Cnet on Monday that "If they go to 10 cents, I’ll go to 9 cents."

[Image: Flickr user tharrin]

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