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> Goodreads isn’t some struggling self-funded startup — it’s owned by Amazon.com Not that I like Amazon, but it is not philanthropy. I assume goodreads take no
by YetAnotherNick 6y ago
> Goodreads isn’t some struggling self-funded startup — it’s owned by Amazon.com
Not that I like Amazon, but it is not philanthropy. I assume goodreads take non trivial cost to run operations, moderations and the site and just because Amazon is doing well financially it doesn't mean they have free money. This move makes it easier for Amazon to monetize on goodreads, it is as simple as that.
- mattmanser 6y agoYou're missing his larger point by focusing on the first few sentences. Effectively the only reason it's not supporting itself is precisely because Amazon bought it.
- YetAnotherNick 6y agoThe only reason it was supporting itself previously is because investors are pouring money in it with the hope that some big company will buy it with the hope that they can have value to them.
- wpietri 6y agoNope. Per Crunchbase, Goodreads took only $2.8m in funding to cover the more than 6 years they were in operation.