Amazon acquires Goodreads, a social network for books

Amazon have today issued a press release announcing their acquisition of Goodreads, a social networking site based around book recommendations.

According to the press release, Goodreads has over 16 million members, contributing to more than 30,000 online book clubs. Whilst Amazon have now acquired the company, the site’s primary retailer is Barnes & Noble, appearing first in suggested online bookstores.

Goodreads CEO and co-founder Otis Chandler said:

“People love to talk about ideas and share their passion for the stories they read. We’re now going to be able to move faster in bringing the Goodreads experience to millions of readers around the world.”

Amazon VP Russ Grandinetti clocked in on the discussion, confirming that “Amazon and Goodreads share a passion for reinventing reading”. It is, however, a stark contrast to the views of some existing users, who have fears Amazon’s opposing privacy policy, which states that user-submitted reviews belong to the site not the user, may negatively affect members. At present, Goodreads members have been assured they have “sole rights” to the ownership of their reviews. Naturally, book reviews submitted are far longer than the standard Amazon product review, and as such ownership rights are generally far higher on priority lists.

Adding to their acquisition of social information network Shelfari (“a community-powered encyclopedia for book lovers”), the company are expected to launch their own online recommendation and commentary engines for new and old books. Such a service would naturally arrive on the company’s Kindle e-reader, offering an on-the-go social recommendation service for Amazon customers. Chandler believes this will be a popular addition to Goodreads’ current user base:

Our members have been asking us to bring the Goodreads experience to an e-reader for a long time. Now we’re looking forward to bringing Goodreads to the most popular e-reader in the world, Kindle, and further reinventing what reading can be.

Source: Amazon (PR)Image: DigitalTrends

Ben Buffone

Ben Buffone

I'm a web designer, journalist and student in my last year of A-Levels. Joined Geekily in February 2013.

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