Is Amazon Becoming the Facebook of Books?
E-commerce giant Amazon recently bought Goodreads, the seventh-largest social network on the web today, thereby bringing the total number of Amazon's social media efforts around books to a total of three. So are these signs that Amazon may soon build out a bigger social networking effort to transform itself into a Facebook of books?
Fool contributor Kevin Chen thinks that social media networks thrive on hype. Modelez International-owned Oreo best understood that as it demonstrated social media prowess on Twitter during the Superbowl blackout. Unfortunately for Amazon and Goodreads, books are meant to be long and engrossing.
So if it's not possible for Amazon to become the next Facebook, what is the e-commerce giant trying to do? Well, in the video below, Kevin discusses how Amazon is really mimicking Google . Just as some Googlers like to say that Google Plus is a "social layer," so, too, will Amazon and its Goodreads acquisition add a social layer to book recommendations.
To learn more on what Amazon has in store for Goodreads, watch the video below.
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The article Is Amazon Becoming the Facebook of Books? originally appeared on Fool.com.Fool contributor Kevin Chen has no position in any stocks mentioned. The Motley Fool recommends Amazon.com, Facebook, and Google. The Motley Fool owns shares of Amazon.com, Facebook, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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