Newly public Facebook says it is buying Karma, a mobile social gifting app. The news was released via Karma’s blog. The deal terms were not announced. Facebook plans to keep the service alive. A Facebook spokesperson says it is an acquisition & not an acquhire. Read more »
A new app from the founders of Tapjoy is emerging to combine mobile and social commerce on iOS and Android devices. The app, called Karma, makes gifting to friends a breeze, by integrating with a user’s social graph on Facebook and suggesting gifts for them. Read more »
