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Amazon Likely Paid $1 Billion for Goodreads
- gluejar 14y ago$100M maybe, but $1B??? No way.
- theklub 14y agoLink bait headline? Worked for me. Who knows if its true though.
- crapshoot101 14y agoWell, if they paid a "significant" amount, they will have to disclose it in their next quarterly SEC filing. I'd be shocked if Amazon even paid $100M for it.
- crapshoot101 14y agofyi, Actual price is $150M - see submitted HN story: https://news.ycombinator.com/item?id=5462281 https://news.ycombinator.com/item?id=5462281
- crapshoot101 14y agoNo frigging way. Goodreads is a solid community, but its not a $B marginal value to Amazon.
- jumpbug 14y agoThe first comment on this article says it all: "This valuation is preposterous, because the methodology is preposterous. There is zero evidence that either the markets or investors use some arbitrary "multiply users by a dollar amount" calculation to determine a valuation for these companies. Using such a formula to arrive at an absurd number is especially egregious here because people will now use the authority of this publication to say "Businessweek reports that Goodreads sold for a billion dollars", though that's almost certainly not the case."