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Posts tagged with Mobile Gifting App

Facebook buys gifting app Karma as mobile spree continues

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.

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