Facebook Acquires Location-Based Startup Gowalla

Gowalla to wind down service in January

Location-sharing service Gowalla is Facebook’s latest acquisition. In a blog post Monday, Gowalla announced that it is heading from its Austin, Texas, headquarters to California to join Facebook's Palo Alto offices.

Gowalla CEO Josh Williams said in the post that he and his co-founder Scott Raymond attended Facebook's F8 conference two months and were "blown away" by the new developments.

"A few weeks later, Facebook called, and it became clear that the way for our team to have the biggest impact was to work together," he wrote.

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