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Submitted: December 4, 2011 - 5:22pm
Originally published: December 4, 2011
Last updated: December 21, 2011 - 10:50pm
Originally published: December 4, 2011
Last updated: December 21, 2011 - 10:50pm
Source:
CNNMoney
Author:
Laurie Segall
Location:
Facebook, 1601 S California Avenue, Palo Alto, CA, 94304, United States
Apparently, Facebook has acquired location sharing service Gowalla for an undisclosed sum. Launched in 2009, Austin-based Gowalla went head-to-head with direct rival Foursquare -- and lost. Badly trailing Foursquare in user adoption, Gowalla recently shifted directions, recasting itself as a travel guide. The site had raised around $10 million over the years from backers including the Founders Fund, Greylock Partners and a collection of angel investors.
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