Soon You’ll Be Able to Swap Digitial Goods

How much are used ebooks worth? The NY Times predicts that soon the price will approach a penny, just as soon as Amazon sets up a way to buy and sell used digital products:

In late January, Amazon received a patent to set up an exchange for all sorts of digital material. The retailer would presumably earn a commission on each transaction, and consumers would surely see lower prices.

But a shudder went through publishers and media companies. Those who produce content might see their work devalued, just as they did when Amazon began selling secondhand books 13 years ago. The price on the Internet for many used books these days is a penny.


Featured Opportunities

Related Stories