Thursday, March 28, 2013

Goodreads Acquired By Amazon.com

Book review and community Goodreads, which was founded in Santa Monica by Otis Chander, has been acquired by Amazon.com, Amazon said Thursday afternoon. Financial terms of the buy were not disclosed. Goodreads' site revolves around sharing book recommendations and networking between book readers. Goodreads was venture backed by True Ventures, Mike Jones (now at Science, Inc.), James Currier, Michael Birch, Chris Michel, and Stan Chudnovsky. Amazon.com says that Goodreads now has more than 16 million members. Goodreads was started in 2007.

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