Facebook’s Mobile Acquisition Spree Continues With Gift-Card App Karma

Facebook bought itself another gift over the weekend, acquiring mobile gift-card application Karma. Unlike other recent acquisitions by the social network, however, this is not just a talent grab, as Karma will continue operations.

Facebook bought itself another gift over the weekend, acquiring mobile gift-card application Karma. Unlike other recent acquisitions by the social network, however, this is not just a talent grab, as Karma will continue operations.

Karma is an app for the iPhone and Android devices that connects with users’ Facebook accounts to collect information on friends’ birthdays, engagements, new jobs, new babies, or even just if they’ve having bad days, and then allows users to choose from several card designs and hundreds of products from leading retailers.

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