Facebook Expands With Gowalla Purchase

Last week we reported that Facebook is planning on floating on the stock market next year with the company valued at $100 billion. Now, as the company opens its first software engineering centre outside the West Coast, it is reported to have purchased Gowalla as it continues its rapid growth.
                                   Facebook New York Office

CNN last week reported that Facebook had agreed a deal to purchase check-in and online city guide service Gowalla. Both companies would not comment on the story but an email to investors from Gowalla CEO, Josh Williams, and leaked to AllThingsD confirms the deal is almost done, with just a few is to dot and ts to cross.

“The ink on the deal is not dry, so our holding pattern is that we do not comment on rumours and speculation. I have another email penned that was ready to send you today, assuming you would get this news before the story was officially released,” Williams told investors.

Gowalla is a location-based service which allows users to check-in online in the same way as FourSquare, however it has recently begun focusing more on providing travel advice with social guides to 60 cities around the globe, including London.

Facebook New York Office

The deal with Gowalla comes at the same time as Facebook chief operating officer, Sheryl Sandberg (above), opened a new office in New York – the company’s first engineering hub not based on the West Coast of the US.

We are trying to grow at a clip that will allow us to get the very best people and integrate them,” she said. “We will be adding thousands of employees in the next year.” There is no indication as to exactly how many thousands this will be.

Facebook currently has 800 million registered users, with up to 500 million of those checking in every day to the social network.

Source: CNN and AllThingsD

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