March 29, 2013

Amazon’s Purchase of Goodreads: Not Good for Authors or Readers

Goodreads–the social networking site that allows authors and readers to rank, discuss and share books–has agreed to be purchased by Amazon, the world’s largest book seller. What prompted the sale is likely the fact that Goodreads was exploring opening a bookstore. Amazon already owns Shelfari one of Goodreads’ competitors, which means there is no longer an independent social networking website focused on books that is large enough to matter. As long as Goodreads was independent, readers could trust the sales channel. Now despite the protests of Goodreads’ CEO Otis Chandler, the trust element is gone. Integration with Kindle will surely influence reader purchases in favor of Amazon’s sales channel as opposed to Barnes & Noble or ITunes. With somewhere between […]