Amazon Acquires Shelfari: Moves To Corner Book-Centric Social Networks: "Shelfari, a social network for bibliophiles, has been acquired by Amazon for an undisclosed amount. Amazon has been a longtime supporter of the Seattle based startup, having invested $1 million in the site in February 2007.
The move comes less than a month after Amazon’s acquisition of AbeBooks, a vendor of rare and used books from independent publishers. As part of that acquisition Amazon also got a stake in Shelfari’s competitor LibraryThing, which AbeBooks had previously purchased a 40% stake in."
Tuesday, August 26, 2008
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