Goodreads Acquisition: Is Amazon to Big to Fail?

I thought I’d do something a little different for this post and discuss some current events in the publishing world. As most of you have probably heard by now, Amazon has recently announced its acquisition of social-network-for-books, Goodreads. This after already acquiring Goodreads competitor Shelfari, and 40% of competitor LibraryThing. Wow, if that’s not intent to dominate, I don’t know what is.

Could one company (which is already the 800-pound gorilla in the room of retail bookselling and which has recently established multiple publishing imprints) owning so much digital book real estate be a good thing?

What are your thoughts?

I, for one, wonder if they will synch the reviews from Amazon and Goodreads.

If you want to dig a little deeper, here’s one of a plethora of articles about the deal and its implications:

I myself have been a long-time user of Goodreads (and Amazon), and I hope that Goodreads continues to be as useful and entertaining as it has been so far. Join me and let’s go along for the ride: