Amazon announced Thursday it's set to acquire book recommendation site Goodreads, a San Francisco-based outfit started seven years ago that now supports an online community of 16 million book lovers.
Lincoln Square Books's insight:
There have been mixed reactions to the news that the world's largest online bookstore has acquired the world's largest online book lover's club. Scott Turow, president of the Author's Guild, called it "monopoly building," in reference to the halt it puts to Goodreads' plans to build its own online storefront. Those in favor of it include small independent publishers, who think it will empower them and give them equal placement to the so-called Big Six (or five or four depending on who merged last week).
At Lincoln Square Books, we're watching developments closely and will continue to report on them.
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