Amazon Adds a Website

Article Excerpt

AMAZON.COM $71.54 (Nasdaq symbol AMZN; SI Rating: Extra Risk) (206-266-1000; www.amazon.com; Shares outstanding: 425.9 million; Market cap: $30.5 billion) has purchased bookoriented, social-networking website www.shelfari.com. Shelfari lets users catalogue online the books they own or have read. It also lets users organize book groups, plus post profiles of their literary tastes. Readers with similar interests can then interact and share book recommendations. Amazon’s investments in increasingly popular social-networking websites will complement the company’s Kindle electronic ebook reader, launched in November, 2007. Users can download newspapers, magazines and books to the Kindle. Amazon.com is a buy. buy…