Amazon Buys Goodreads.com – Cornering the Book Market

I love buying from Amazon. But I can’t think of a company that is becoming more monopolistic. I’ve written about their attempts to own the domain space related to books and authors (.book and .author new Top Level Domains). Today I read that they are buying one of the largest book related social networks, Goodreads.com.

Amazon Acquires Goodreads

When it comes to which website’s pages come up first upon searching Google for a book, Amazon and Goodreads vie for dominance. Now, the former has bought out the competition.

Amazon.com has entered into an agreement to acquire Goodreads. The leading ebook-seller is now the owner of the leading books-focused social network. Goodreads had over 12 million users as of late 2012 and, according to a statement from Amazon, has over 16 million today.

Read the story… | Source: Digital Book World | Date posted: 3/29/2013

About Joe Alagna

Joe Alagna is the Vice President of Channel Development at the leading international domain name registrar, 101domain.com. Having been involved in the domain name industry and ICANN for over 15 years, he is an expert in all aspects of the domain business, including domain name investing, new gTLDs, registrars, and registries. Before the domain name business, he negotiated national accounts contracts for AT&T Wireless. Joe can be reached by phone at +1 (909) 606-9175 or via email using the contact form on this site.
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