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Facebook Acquires Location Sharing Service Gowalla
http://www.tech.nolicio.us/2011/12/facebook-acquires-gowalla.html
Facebook has acquired the location-based social network, Gowalla for an undisclosed sum, CNN Money reported quoting a source close to Gow...
Facebookhas acquired the location-basedsocialnetwork, Gowalla for an undisclosed sum, CNN Money reportedquoting a source close to Gowalla.
Facebook has refused to comment on the deal stating that the company does not comment on rumors and speculation.
Fledgling Gowalla attempted to take on the location sharing leader, Foursquare without much success. Facebook also launched Facebook Places in August 2010 to co-opt the location-based status updates trend.
Gowalla, which has raised $10.4 million to date from backers including the Founders Fund, Greylock Partners and a collection of angel investors, first launched at SXSW 2009. It recently shifted focus from being a check-in service, to anappthat helps create travel stories. According to CNN, most of Gowalla's employees, including founderJosh Williams, will move to Facebook's offices in Palo Alto, California, while others will stay in Austin, Texas and work out of Facebook's local office there, as the acquisition was made to help with Facebook's newTimelinefeature.
The acquisition is a part of Facebook's takeover strategy to build up its talent bench where in, itaims to make about 20 acquisitions in 2011, including Beluga, Hot Potato, Drop.io, Snaput, Digital Staircase and more than a dozen others.
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This alleged terror “money launderer” sure got himself in some hot water.The feds got a windfall of financial evidence this week against an alleged Hezbollah money man they’d been tailing — all thanks to an allegedly bogus police parking placard he’d stupidly left on his car dashboard. Ali...
Read more...Sen. Guingona pushes for scope expansion of Money Laundering Law
May 16, 2012. To add more teeth to the existing Anti-Money Laundering Law, Senator Teofisto "TG" Guingona III is pushing for the immediate passage of Senate Bill 3123 which aims to expand the definition of money laundering and the list of unlawful activities. Sen. Guingona made the sponsorship speech for SB 3123...
Read more...The Remarkable, Conflicted Ricketts Family (and Their Political Money)
Joe Ricketts, owner of the Chicago Cubs, Ameritrade, etc., is the very wealthy man who wants to spend $10 million on ads portraying President Obama as a leftist radical influenced by the Rev. Jeremiah Wright. But as families tend to be, the Ricketts (and their money) are not always on the same page. Here's a look at Joe Ricketts and his politically powerful kids.
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