Friday, 3 May 2013

Amazon Buys Goodreads

Amazon is growing and it seems it has acquired Goodreads a social network for readers.

Amazon Acquires Goodreads, Twitter Shock Ensues

March 28, 2013

By Hannah Johnson announced on Thursday that it would acquire Goodreads, a social networking site for readers and book recommendations. With 16 million members and 23 million book reviews on the site, Goodreads is hub for avid readers and one of the leading sites where publishers promote books.

Goodreads CEO Otis Chandler appears regularly at publishing conferences to present data on how Goodreads users share, recommend and buy books. With a limited number of sources for focused data like this, Chandler’s willingness to share this valuable data is a boon to many book marketers and publicists.

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