From a LibraryThing News Release
Litsy, “where books make friends,” is a mobile platform known for being “Instagram for booklovers.” Litsy was launched in early 2016 by Jeff LeBlanc and Todd Lawton. The two had previously founded the book-themed clothing company Out of Print Clothing, acquired by Penguin Random House in June 2017.
“LibraryThing and Litsy are very different platforms,” said Tim Spalding, Founder of LibraryThing. “But they share a love of reading, and a respect for the passionate, unusual communities that animate them.”
Read the Complete News Release
From an FAQ
Litsy is both like and unlike LibraryThing. First, everything happens within a smartphone app—there’s no website. Second, although Litsy members can “catalog” their books in a simple (works-only) way, the main activity is sharing posts with words and photos of books you’re reading, of passages you find interesting, or even where you’re reading a book. (Posts are marked “review”, “blurb”, or “quote.”) Litsy has friends, comments, hashtags and so forth, but lacks a central “Groups” or “Talk” like on LibraryThing.
The terms of the deal are not disclosed, but we can tell you it did not involve company-limiting amounts of money.
To be frank, we see no major changes for the LibraryThing site or community, at least in the near- or medium-term. We may offer syncing or single sign-ons between services. And we will definitely be leveraging LibraryThing’s superior book data within Litsy. We also see a lot of potential in getting Litsy members into LibraryThing’s Early Reviewers program and attracting more publisher interest with the larger community this offers. But we aren’t going to try to combine the services or communities. If you choose not to join Litsy, you won’t likely see or read much about it on LT.
Read the Complete FAQ