Why Did Facebook Buy Social Gift App Karma? We May Find Out Soon

When Facebook acquired social gift application Karma in May, right around the time of its initial public offering, the social network pointed out that unlike some of its other acquisitions, the deal was not a talent grab, and Karma would continue to operate. According to a report in The Next Web, the fruits of the Karma acquisition may soon be unveiled.

When Facebook acquired social gift application Karma in May, right around the time of its initial public offering, the social network pointed out that unlike some of its other acquisitions, the deal was not a talent grab, and Karma would continue to operate. According to a report in The Next Web, the fruits of the Karma acquisition may soon be unveiled.

The Next Web reported that Facebook is preparing a social gift-giving service of its own, based on Karma, for release sometime in the next few weeks, adding that it will only be available in the U.S.,

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