Disappointed if this is true. If so will no longer be using Gowalla. Facebook getting hold of peoples location since their own service has failed miserably for me is frightening
The rumor mill is churning
We broke the story last month that something was amiss at Gowalla, that staff was disappearing and their resumes were showing up all over Austin where Gowalla and AGBeat are both headquartered. Now, there are rumors flying that Facebook has acquired Gowalla, but no terms have been released, and CNN cites “a source close to Gowalla” as their informant, but Facebook has not responded to our request for comment and Gowalla has told all news outsources that they “don’t comment on rumor and speculation.”
If the rumors are true, after only two years since it’s launch, Gowalla’s employees will move to Facebook’s headquarters in Palo Alto and focus on the Facebook Timeline feature. After struggling to nail their identity in the location-based services arms race, they departed from the Foursquare model some time back and rebranded as a travel guide, having to pivot in an effort to stay afloat and keep their investors that funneled $10.4 million into the promising startup happy.