Amazon will acquire Goodreads, the social network for readers.
The online retailer did not share the terms of the deal and expects to finalize the acquisition by the second quarter of 2013. The deal drew mixed reactions from online readers. In addition, AppNewser collected non-Amazon alternatives to Goodreads.
The founder of LibraryThing predicted in a post: ”Now that Goodreads is just Amazon, the time and money publishers spend on Goodreads is like everything else they do with Amazon–good in the short term, but suffocating them in the long-term.”