Amazon said Thursday it is buying Goodreads, a popular social network that people use to share book-reading habits and recommendations. It's undoubtedly a good move for Amazon, but unclear what it will mean for book lovers.
The two companies didn't disclose terms of their deal, but issued a statement professing their joint love for books and stories. Goodreads started in 2007 and has more than 23 million reviews of books shared by its 16 million users, according to the company.
As a long-time user and fan of Goodreads, I'm not sure the story of GoodReads@Amazon will have a happy ending. Goodreads has always been a nice alternative to Amazon for discovering and sharing books. It's hard to imagine Amazon letting Goodreads have the kind of independence that has allowed it to innovate, unless it somehow involves innovating on the Kindle.
And Goodreads founder Otis Chandler did say in a blog post announcing the sale that he's looking forward to bringing Goodreads to the Kindle and "further reinventing what reading can be."
To be continued. . .