‘I don’t like being the villain’: Booktopia founder defends company

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Tony Nash, the founder of the country’s biggest online bookseller took to the social media platform LinkedIn to respond to an article in The Age and Sydney Morning Herald that delved into the problems the company is facing.

that delved into the company’s problems, including how it went from investment hero to villain in its short 18 months as a listed company, with its market capitalisation shrinking from close to $400 million to just $26 million this week.

In an at times eccentric and apparently light-hearted post – where he compared himself to Jack Reacher, the protagonist in a series of crime thriller books by author Lee Child – Nash declared he still expected big things for the polarising e-commerce group.“I don’t like being the villain in the investment community. There’s nothing fabulous about that. But at the cost of being a leader in the book industry. Never!” Nash told his connections on the social media platform.

“But fundamentally everything points to Booktopia being a crusader for the Australian book industry, authors, literacy and taking on the might of Amazon.”

 

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