There's astonishing hubris involved in launching this product.
If they are trying to force one they are stupid, it's a huge legal risk and no credible lawyer would advise it.
Huh. What's your opinion on the current financial crises where companies that are over decades old don't have more than a week in emergency funds before they have to go bankrupt, lay off most of their employees, can't afford mortgage payments, etc? Did they all know what they were doing?
IA got to choose to do this.
Lots and lots of exceptionally large and powerful long running organisations have done very stupid things.
If so, yes. No matter what the fine print says. The inability to apply first sale doctrine to digital book purchases (not to mention cars, refrigerators, et.al.) is a loophole the publishers are exploiting, not how copyright was supposed to work.