Friday, May 18, 2012

Facebook Buys Karma

On a busy day over at Facebook, the now-public social networking site has acquired Karma, a developer of mobile, social gifting applications which are integrated with Facebook. Financial terms of the deal were not disclosed. Karma said that the firm's service has been acquired by Facebook, and will continue top operate in "full force". Karma was founded in 2011, and was based in downtown San Francisco.