The 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."
No frigging way. Goodreads is a solid community, but its not a $B marginal value to Amazon.
$100M maybe, but $1B??? No way.
Link bait headline? Worked for me. Who knows if its true though.
Well, 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.
fyi, Actual price is $150M - see submitted HN story: