Amazon is buying the popular book-focused social networking site Goodreads, which was founded in 2007 and now has more than 16 million members. The move is in line with Amazon’s record of acqquiring much of the book world. In the last 15 years, the company has bought AbeBooks.com, Audible.com, Brilliance Audio, The Book Depository, Shelfari, Lexcycle, BookFinder.com, BookSurge, CreateSpace, Mobipocket.com and (through AbeBooks) 40% of Library Thing.
As the leading social networking site devoted to books, GoodReads is considered a vital element in addressing the discoverability problem that grew with the spread of eBooks and Amazon, and the collapse of Borders: How would readers discover books if fewer of them were visiting the best source for learning about new books… bricks-and-mortar bookstores? The lingering question is how a site that was prized for its independence and non-commercial credibility will fare as a part of the Amazon empire…
The acquisition is expected to close by July. Goodreads’ headquarters will remain in San Francisco. Its management is expected to stay in place.
Bulletins as they break!
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Forgotten Hollywood Forgotten History and Son of Forgotten Hollywood Forgotten History shares America's story through the eyes of actors from Hollywood's Golden Age. These poignant tales are available on Amazon... a thoughtful 2013 gift for family or friend.
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Causes Manny Pacheco Supports