Re: We all moved to sharepoint.
The popularity of the paperback means that most of the money is made from selling volume, whereas it used to be that people would put down money for a good book.
This is utter bollock because it is only valid in a world in which people are force to buy cheap paperbacks AND NOTHING ELSE, like in a fantasy world made up by Marx-slingers.
In the real world, you can get hardcover first editions if you have confidence in the author shelling out $$$ for immediate gratification, and you can get books in hardcover-only which are very, very expensive.
To see where this might lead, duckduckgo "japanese romance ebooks": three dollars worth of useless mush written in less than two weeks.
There must be a market for this and that market does not exist because excellent authors are forced into paperbacks and need to write crap in a hurry. It's the standard fare of train station bookshops and airport shops.
Also, supply and demand.