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Goodreads was the future of book reviews, then Amazon bought it

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Re: Goodreads was the future of book reviews, then Amazon bought it

#321

Earlier quoted context omitted.

If a blanket ban runs into this problem, what about a "ban by default"? Basically just flip the script so it doesn't require a denial based on circumstances but instead an approval based on circumstances.

This doesn’t work in practice due to typically severe time constraints. You cannot expect a business that has 6 days of life left to wait for such an approval process. These things never happen fast.

> You cannot expect a business that has 6 days of life left to wait for such an approval process.

A homeless man that has 6 hours left to live in the cold winter often cant get shelter, because instead we are really concerned with caterting the entire fabric of society to fictiontion problems that might one day affect a mismanaged business.

Re: Goodreads was the future of book reviews, then Amazon bought it

#323

Earlier quoted context omitted.

This doesn’t work in practice due to typically severe time constraints. You cannot expect a business that has 6 days of life left to wait for such an approval process. These things never happen fast.

What M&A are you familiar with that they can typically happen in a 6 day timeframe? I know this is already a stressed straw man in the first place but M&A are aren't a short simple process anyway. Adding some oversight isn't going to change that. Yes there are tradeoffs to more regulation vs total anarchy/free market. That doesn't mean they're not worth it. "Good" is not the enemy of "perfect" and all.

An M&A negotiation can take a matter of hours, in theory. Only for public/very big companies does it get weird.

Re: Goodreads was the future of book reviews, then Amazon bought it

#324
I wasn’t a Good Reads user but Amazon purchased and then shuttered my favorite music discovery site, Amie Street. They simply redirected the site to Amazon’s MP3 store. This happened back in 2010 and I still miss the ability to discover and buy music from the independent artists who published there.

Re: Goodreads was the future of book reviews, then Amazon bought it

#325
post #230

Earlier quoted context omitted.

Seriously, why not just do something well and make a living from it? I've seen the word enshittifcation plenty lately, and it strikes me that the focus on exits and payouts is a big part of the problem. I feel old and you goddamn kids better be off my lawn by the time I get back with the shotgun.

Well, for a long time, you would just get an MVP up and then collect as many users as possible by offering free accounts, and if you were somewhat aligned with something Facebook or Google was vaguely interested in, you'd get acquired for $100m. Getting $100m for two years of work is a lot more lucrative than working hard for a decade to build a self-sufficient company, so I can't really blame people for doing it.

> Getting $100m for two years of work is a lot more lucrative than working hard for a decade to build a self-sufficient company

Are we discussing drug cartels? Because this reads literally like it could apply only to a highly criminal business.

Re: Goodreads was the future of book reviews, then Amazon bought it

#326
post #142

Earlier quoted context omitted.

Company A is 6 days away from going out of business. They will shut their doors. All employees will lose their jobs. All customers will lose access to whatever Company A does that they find helpful. But then Company B agrees to buy them for $1 so that they continue running. Pays the employees, and continues running the service for customers. Ban it?

I'm not advocating for banning M&As, but I think that could be addressed by only allowing acquisitions under specific bankruptcy conditions. Again, though, I'm not advocating for that position. I'd hate to spend part of my life building a business and not be able to cash out when the time comes for me to retire.

> not be able to cash out when the time comes for me to retire

You can perfectly cash out by selling your business to private equity, or to anyone really.

Ban on M&A just means you cant sell a social network to Facebook, but you could sell it to Microsoft, to Autodesk, to Berkshire capital, etc.

Re: Goodreads was the future of book reviews, then Amazon bought it

#327

Earlier quoted context omitted.

> So what happens to the mom and pop hardware store that's been running for 30 years when mom and pop want to retire? They just have to shut their doors? They could sell it to another mom and pop? It's only an M&A if the shop is bought by / becomes part of another business. If nobody wants to continue running the independent shop, it doesn't make much difference to consumers if a chain buys it, or if it closes down a…

If the only people who can buy businesses are individuals, you've cut the potential acquirer pool, and thus the value, by an enormous amount. > If nobody wants to continue running the independent shop, it doesn't make much difference to consumers if a chain buys it, or if it closes down and the chain just opens a new shop there. You're pointing out exactly why banning M&A would be good for big businesses. Now instead…

> Now instead of having to buy out the little guy, they just wait for it close and then buy all the assets

Thiz is a fantasy, these businesses were not going bancrupt - they were challanging big business and making a killing. Your scenario is detached from reality

Re: Goodreads was the future of book reviews, then Amazon bought it

#328
post #85

Earlier quoted context omitted.

> I believe businesses would just lie and say they are going to be part of the business but then just bury them anyway. That's where my pet antitrust solution succeeds where others fail: ban all M&A. Companies only engage in mergers to consolidate market share, but their market share consolidation (i.e. monopolization) not only decreases competition, but also comes at the expense of employees and customers of the acq…

So what happens to the mom and pop hardware store that's been running for 30 years when mom and pop want to retire? They just have to shut their doors? Banning all M&A would run into a brick wall of unintended consequences. If no one can sell their business, then a significant percent of potential small business owners just wouldn't start businesses. Then what would happen? Those people would go get jobs. Instead of…

>shut their doors

Yes, that’s usually what happens if they don’t have family to take over the business or employees to sell the business too.

>business owners just wouldn’t start businesses.

Maybe in the VC world but those aren’t small businesses are they? Are people really starting restaurants and yarn shops solely so they can sell the business later down the road? Or is it because they have an entrepreneurial spirit and want to build a business the community is lacking in.

It’s hard to believe you honestly think people only start businesses so they can sell it later on.

Re: Goodreads was the future of book reviews, then Amazon bought it

#329
post #146

Earlier quoted context omitted.

If it's a "fake" review for values of fake that don't include dishonesty, you can easily choose not to read it. This is not that. The big example cited is a bunch of people registering their objection to a light book being written about Soviet Ukraine while there's a war on. This is a real objection that a lot of (silly, annoying) people have. The reason the book was not published is because they thought that this ob…

> you can easily choose not to read it. I cannot easily exclude it from the ratings. There's a pretty widespread understanding that star ratings are meant to aggregate the opinions of people who read the book.

> are meant to

Maybe review scores ought to be an aggregate of the opinions of people who read the book, but that's not what they actually are. They're an aggregate of how people feel towards a book (for any reason). Such reviews might even be against the rules and guidelines set out for reviews; reviews ought to follow the rules but that doesn't mean they will.

The utility of review scores derives wholly from how they actually work, not from how they're meant to work. So devalue them accordingly.

Re: Goodreads was the future of book reviews, then Amazon bought it

#330

Eh, Goodreads has always suffered from the same problem that plagues every other review system which uses "score out of X" ranking. Humans just aren't very good at ranking things on a normal distribution, so you invariably end up with every item (books in this case) being ranked somewhere in the 3.5-4.5 range (since Goodreads is out of 5). For IMDB the rankings all hover around 8ish. When in reality the average book…

Elo/Trueskill sounds like a solid idea. When you go to rate a book the system asks you if it was better or worse (maybe same) then a book of you previously read closest in rating or some hidden matchmaking rating (MMR). I think having books having both a personal and global score would be nice as well. I don't think it would be possible for someone to change their rating but that may be a feature. I also don't think…

> I don't think it would be possible for someone to change their rating but that may be a feature.

It should definitely be possible. Take films. I had a friend who would go see a film. On the day he saw it: "OMG THE BEST THING EVER". Next Week: "Yeah, that was a good film". A month later: "Yeah it was okay I guess". Six months later: "A bit ordinary really"

In 1990 if you'd asked me to rank the Alien films, I would have put ALIENS first, and ALIEN second. These days, I reverse those rankings.

People's tastes change over time. It would be inaccurate to "fix" a rating in stone.

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