Amazon buys Goodreads. Good for readers or not?
“Amazon.com is gaining too much control in the publishing industry with its purchase of Goodreads, a social network for readers and a competitor in online book reviews, an authors group says. Goodreads, which allows users to add titles to virtual bookshelves and track what friends are reading, has 16 million members who have written more than 23 million reviews, Amazon said in a March 28 statement. The company said the deal will probably close in the second quarter and didn’t provide terms.”