Amazon gives up on books, buys customers’ ability to read instead

Seattle–(BUSINESS LINE)–April 1, 2013– In a not-entirely-surprising move, online retail giant Amazon.com, Inc. (NASDAQ:AMZN) announced today that it had moved its publishing model beyond the distribution of paperback and digital books and has bought its customers’ ability to read. “It’s really just a natural progression of both Amazon’s technological and business goals,” said Ravi Bharathi, [...]