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Just a Point of Information... There's no actual confirmation that Facebook is acquiring Gowalla as a company. In fact, Facebook's statement (as quoted on vari
by jackgavigan 15y ago
Just a Point of Information...
There's no actual confirmation that Facebook is acquiring Gowalla as a company. In fact, Facebook's statement (as quoted on various news sites) seems to suggest the opposite:
”While Facebook isn’t acquiring the Gowalla service or technology, we’re sure that the inspiration behind Gowalla will make its way into Facebook over time."
It wouldn't surprise me if it turns out that what's actually happening is that the core Gowalla team is quitting Gowalla to work for Facebook, and Gowalla will be shut down, with the remaining funds being returned to the investors (i.e. the "twenty or thirty cents ... for every dollar invested" that Arrington refers to).
No doubt we'll find out in time.