Oyster, a Netflix for Books, Is Shutting Down. But Most of Its Team Is Heading to Google.
Peter Kafka and Mark Bergen | September 21, 2015
Oyster, a company that provides a Netflix-like book subscription service, is shutting down. And most of its team is heading over to Google.
In a blog post on Monday, Oyster’s founders said they were “taking steps to sunset” the company’s service, which launched in 2012. “We believe more than ever that the phone will be the primary reading device globally over the next decade,” they wrote. “Looking forward, we feel this is best seized by taking on new opportunities to fully realize our vision for e-books.”
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| Oyster Is The Netflix Of Books, And It's The App Amazon Should Have Made. Source: https://www.youtube.com/watch?v=4YA_8kjvg-c |
<more at http://recode.net/2015/09/21/oyster-books-shuts-down-team-heads-to-google/; related links: http://www.businessinsider.com/oyster-the-netflix-for-books-shuts-down-its-service-2015-9 (Oyster, the 'Netflix for books,' shuts down as founders join Google. September 21, 2015) and http://www.bidnessetc.com/53192-google-inc-to-enter-ebook-subscription-market-after-hiring-oyster-execs/ (Google To Enter E-book Subscription Market After Hiring Oyster Execs. Subscription service Oyster is about to be shuttered and Google is providing a soft landing for its workers and investors. September 22, 2015)>
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