Entertainment (Short Book Stores, Long Myopic Groupthink & Algorithms)
Barnes & Noble May Follow Book World into Obsolescence
Book store sales are down 39% from a decade ago. Why? Well, avid PETITION readers know we love to discount the "Amazon Effect," generally, as most failed retail is more complicated and nuanced than that. Just ask the private equity bros. But books: that's a different story. Amazon ($AMZN) owns that s…