Source close to gowalla confirms deal underway for undisclosed sum
A new report featured in CNN states that the location sharing site Gowalla has been bought for an undisclosed sum by the mighty Facebook.
An unnamed source who is said to be ‘close to Gowalla’ confirmed the report and also added that a majority of the employees of Gowalla even founder Josh Williams, will move to Facebook’s offices in Palo Alto. The new team is pegged to work on the recently unveiled timeline feature of facebook. A feature unveiled earlier this year and still in the process of making its way to over 800 million facebook users.
It remains to be seen what will happen of Gowalla and it’s app as Facebook has, in the past, been notorious for sending teams from existing start-ups to work on their own projects while killing off the start-ups. Vaughan Smith, Facebook director of corporate development had earlier said that Facebook aims to make 20 purchases in 2011. Well, the clocks running down and it looks like Gowalla was one of those 20.