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Facebook Acquires Karma, Not the Philosophy… The Gifting Company

Tony Hannides May 19, 2012 0
karma science logo

Image Courtesy of Karma Science

Karma is one of my new found favorite apps. If you’re as lazy as I am, procrastinating your gift purchasing no longer has to be stressful. Read up our review of the app here. Last night, I received an email from the co-founders. Simply put, Karma has been acquired by Facebook. Although there’s no word on how much they were bought for (does it matter), the Karma team seems to be very happy and excited with Facebook. It doesn’t look like there’s going to be any difference so far. Before, Karma allowed you to send gifts to your friends on Facebook with no problem. I’ve sent a few myself. Personally, I wasn’t hoping on an acquisition; I was hoping for a better tablet app.

From The Karma Blog

We founded Karma with the goal of adding the sentiment and meaning back into gift giving. That’s what Karma is all about. That’s what the Karma team set out to achieve.

Over the last year, we’ve built a new e-commerce platform from the ground up. We’ve been honored to partner with amazing brands to create a curated catalog of products. We made those products instantly giftable in a brand new way. And we harnessed the power of Facebook’s social network to ensure you never miss a chance to show someone you care. The phenomenal response and feedback we’ve heard from customers has more than exceeded our expectations. And we’re just getting started — today we take social gifting to the next level.

We’re thrilled to announce that Karma has been acquired by Facebook. The service that Karma provides will continue to operate in full force. By combining the incredible passion of our community with Facebook’s platform we can delight users in new and meaningful ways. As we say … only good things will follow.

Simply put, together we can celebrate life’s important moments in ways we could not before. A word of heartfelt thanks to our partners, customers, and our incredible team for helping us share Karma with so many people.

Karma Co-founders Lee & Ben

Via »Phandroid