Facebook is growing its market share and repo day by day with an unbelievable rate. And now its time to overtake small companies so that to make Facebook a big company. So for that Facebook made its first step and acquired Gowalla, a location sharing service. Amount of money which Facebook paid to Gowalla is not known yet.
Gowalla’s founder Josh Williams along with most of his employees will move to Facebook offices in Palo Alto. Takeovers like this are often happening in the market and so facebook did.
Vision of Gowalla is about people telling stories and similarly Facebook has its own named as Timeline. So Gowalla will help a lot in making Timeline a big success. Facebook is moving towards a new mark of 800 million members. Gowalla team will work on Facebook’s Timeline. Soon facebook will disclose the terms and money deal with Gowalla soon. Just wait and stay tuned with us.