Seeking Alpha

Facebook (FB) paid over $80M to buy social gifting app developer Karma, sources tell Bloomberg...

Facebook (FB) paid over $80M to buy social gifting app developer Karma, sources tell Bloomberg Businessweek. Karma, whose purchase was announced on IPO day, could help Facebook finally turn e-commerce into a meaningful revenue stream, courtesy of affiliate fees on recommended purchases. Given the challenges Facebook's ad business is dealing with, many are hoping e-commerce turns into major a growth opportunity.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)