The Authors Guild (of which I used to be a member until President Obama effectively shut down its ability to offer health insurance to authors) and the group Authors United have been pressing the Justice Department to take antitrust action against Amazon.com. Now it looks like there's a possibility that Amazon may face some additional competition in the free market, without any government action.
Jet.com, a site that plans to compete with Amazon in the online shopping space, has raised a reported $220 million pre-launch for its site, which is promising the lowest prices on the web to shoppers who pay a $50 annual membership fee. The idea, the founder told Re/Code, is to do to Amazon what Costco did to Walmart.
