{{ searchResult.published_at | date:'d MMMM yyyy' }}

Loading ...
Loading ...

Enter a search term such as “mobile analytics” or browse our content using the filters above.

No_results

That’s not only a poor Scrabble score but we also couldn’t find any results matching “”.
Check your spelling or try broadening your search.

Logo_distressed

Sorry about this, there is a problem with our search at the moment.
Please try again later.

A failure to properly monetise its mobile platform has always been Facebook’s Achilles heel, so it’s no surprise that it has just acquired another mobile-based company.

Social gifting app Karma has become Facebook’s fifth mobile buyout so far this year, though the news was somewhat overshadowed by Friday's IPO.

It follows the acquisitions of mobile companies Instagram, Lightbox, Tagtile and Glancee.

The trend is easy to spot and signals that Facebook apparently doesn’t trust its existing team to drive mobile revenues. New data from comScore shows just how important mobile is to the social network.

Average U.S. users spent 441 minutes accessing Facebook from mobile devices in March compared to 391 minutes for desktop/laptop use.

Facebook now says it has 488m mobile active monthly users, a 14% increase from December. In an effort to cater to these users Facebook recently announced plans to launch a mobile app store.

No doubt its new acquisitions will take pride of place when it goes live later this year.

The Karma buyout will also come as good news to gifting app Wrapp, which has recently embarked on a global expansion after achieving success in its native Sweden.

The two apps offer similar services, allowing users to send their Facebook friends gifts using their smartphone.

Karma hadn’t been a huge hit with consumers,  InsideFacebook reports it had clocked up less than 50,000 Android downloads, but Facebook obviously feels that the business model has potential.

David Moth

Published 22 May, 2012 by David Moth @ Econsultancy

David Moth is Editor and Head of Social at Econsultancy. You can follow him on Twitter or connect via Google+ and LinkedIn

1676 more posts from this author

Comments (1)

Avatar-blank-50x50

Adam Goldsmith

Facebook seems to rapidly adding to the list of online brands and companies it is not only associating itself with but taking over as well. This acquisition shows how intense the competition in the mobile market is becoming and how serious firms like Facebook are taking it.

about 3 years ago

Comment
No-profile-pic
Save or Cancel
Daily_pulse_signup_wide

Enjoying this article?

Get more just like this, delivered to your inbox.

Keep up to date with the latest analysis, inspiration and learning from the Econsultancy blog with our free Daily Pulse newsletter. Each weekday, you ll receive a hand-picked digest of the latest and greatest articles, as well as snippets of new market data, best practice guides and trends research.