29 Mar 2013

Amazon to Acquire Book Lovers’ Network Goodreads





By Devon Glenn at Social Times:
Amazon has reached an agreement to acquire Goodreads, a community for book lovers.
Founded in 2007, the San Francisco-based company has a member base of 16 million avid readers who have collectively formed more than 30,000 book clubs.
Amazon’s selection of eBooks for Kindle, as well as its emerging publishing division, will benefit from the recommendation power of the social network, where members have written more than 23 million book reviews.
As Hugh Howey, best-selling author of WOOL, put it: “I just found out my two favorite people are getting married. The best place to discuss books is joining up with the best place to buy books – To Be Read piles everywhere must be groaning in anticipation.”




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