So the news that Amazon have brought Goodreads is dominating discussions on many writing forums I lurk on, but for me my views are best summed up by Hugh Howey in his blog post on his site.
Some select quotes:
I understand that there will be a lot of hand-wringing over the acquisition. To many, Amazon is an evil corporation hellbent on destroying the world. They have made these intentions clear by paying authors a shitload and fighting to lower the price of books for readers. I think we can all agree that authors and readers are scum, and this preferential treatment on the part of Amazon should be looked at with complete distrust.
I can think of a dozen ways this acquisition might make my life better as both a reader and an author. Right now, I spend a lot of time on both sites in both capacities. My guess is that we won’t see many changes at all. I’m betting that the real acquisition here is all the data behind the scenes. The algorithms that tell me what to buy (and almost always nail it) are going to get better. The social networks that feed my reading habit are going to get stronger. The people who helped make Goodreads awesome are going to get richer. And the people at Amazon, who I have gotten to know this past year and who to a man and woman love the fuck out of some books, are going to keep trying to get the right ones in the hands of readers.