Three years ago Gowalla launched as the main competitor to location based service Foursquare and now the team at Gowalla is moving to Facebook headquarters where they will help the world’s largest social network develop a robust sharing platform for location services.
Under the terms of the acquisition Gowalla will be shut down and the talent buy will allow the location based services employees to join the Facebook team.
Financial terms of the agreement have not been disclosed at this time [Read more…]