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Facebook Purchases Karma, the Social Gifting App

by Sean P. Aune | May 18, 2012May 18, 2012 5:45 pm PST

Karma app

Facebook may have just gone public today, but that doesn’t mean it’s waiting around to keep business rolling. The social network just purchased Karma, the social gifting app.

Announced on its official Karma blog today, Facebook has acquired the company founded just last year for an undisclosed purchase price.  From the sounds of it, Karma will continue to run as a separate entity from Facebook.

We’re thrilled to announce that Karma has been acquired by Facebook. The service that Karma provides will continue to operate in full force. By combining the incredible passion of our community with Facebook’s platform we can delight users in new and meaningful ways. As we say … only good things will follow.

In a statement to Giga Om, a Facebook spokesperson echoed the sentiment.

We’ve been really impressed with the Karma team and all they accomplished in such a short time. This acquisition combines Karma’s passion and innovative mobile app with Facebook’s platform to help people connect and share in new and meaningful ways.

This follows close on the heels of the $1 billion dollar deal Facebook struck for Instagram which makes one wonder just what exactly Mark Zuckerberg is up to when it comes to the mobile space.

Sean P. Aune

Sean P. Aune has been a professional technology blogger since July 2007, but his love of tech dates back to at least 1976 when his parents bought...