Readwise takes on Amazon's Kindle and Goodreads with its new app for book lovers

Impact · against what's priced in

Readwise's launch of an e-book store is a negligible threat to Amazon given Kindle's 83% market share and the failure of four out of five major publishers to enable the app's core AI differentiators. The news is not material to Reddit's valuation, as the article does not address user growth or referral traffic.

AMZN−0.05

Doesn't touch the price's assumptions

The price assumes

Current revenue scale of $716.92 billion and the 12.4% growth just delivered.